The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rise in demand for environmentally safe and certified buildings are expected to drive innovation in architectural, engineering consultants and related services manufacturing, thus driving the market during the forecast period.

The global architectural, engineering consultants and related services market is expected to grow from $1,456.69 billion in 2022 to $1,525.79 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The architectural, engineering consultants and related services market is expected to grow from $1,773.06 billion in 2027 at a CAGR of 3.8%.

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Global Architectural, Engineering Consultants And Related Services Market Segments Include:

• By Type: Engineering Services, Architectural Services, Surveying & Mapping Services, Geophysical Services, Laboratory Testing Services, Building Inspection Services, Drafting Services
• By Application: Road, Rail, Port, Airport, Pipeline, Power, Other Applications
• By Service Provider: Large Enterprise, Small and Medium Enterprise
• Subsegments Covered: Civil Engineering Services, Electrical Engineering Services, Mechanical Engineering Services, Other Engineering Services, Landscape Architectural Services, Building And Structural Architectural Services Geophysical Data Collection, Geophysical Data Sales, Integrated Geophysical Services, Other Geophysical Services
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global architectural, engineering consultants and related services market in 2021.

Major Market Players in the architectural, engineering consultants and related services market include PowerChina, Fluor Corporation, AECOM Technology Corporation, WorleyParsons Limited, McDermott International Inc.

Architectural and engineering consultants are using 5D building information modelling (BIM) to create dynamic building designs that can be altered at later stages of the project. BIM software is a tool used to design buildings and structures, including lighting, HVAC systems, and mechanical, electrical, and plumbing systems. It can also be used for clash detection, cost estimation, and safety analysis. 5D building information modelling (BIM) involves creating architectural designs that can be modified and customized in real time. This system collects data from different project teams and helps collaborate with the entire construction chain, eliminating project delays. For instance, construction management company The Korte Company is using 5D BIM technology for project design, planning, and cost estimation, thereby enabling faster decision-making. The Maharashtra Metro Rail Corporation in the Indian state of Maharashtra is using 5D BIM in its construction projects worth $3 billion to reduce costs and litigation.

The Architectural, Engineering Consultants And Related Services Global Market Report 2023  provides a architectural, engineering consultants and related services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The architectural, engineering consultants and related services market forecast analyzes architectural, engineering consultants and related services market size, architectural, engineering consultants and related services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An architectural firm provides services such as planning, designing, and supervising the complex task of building construction. An engineering firm can provide extensive consultation to a company needing expert advice and solutions. The company can accept the project and work on evaluating, designing, simulating, and testing the product.

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