A three-pronged approach was followed for deducing the architectural services market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for architectural services market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of architectural services market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The architectural services market was categorized into three segments, namely service type (Architectural Advisory Services, Construction And Project Management Services, Engineering Services, Interior Design Services, Urban Planning Services, Building Code Counseling And Interpretation Consulting Services, Legal Technical Requirement Compliance Counseling Services), end-use (Education, Government, Healthcare, Hospitality, Residential, Industrial, Retail), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).
The architectural services market was segmented into service type, end-use, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The architectural services market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; the UK; Germany, Rest of Europe; China; India; Japan; South Korea; Singapore; Rest of APAC; Brazil; Mexico; Rest of Latin America.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The architectural services market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
AECOM - AECOM is a top-tier company that specializes in the design, construction, financing, and operation of infrastructure assets worldwide for various governments, businesses, and organizations. It serves a broad range of government and commercial clients globally, focusing on key sectors like transportation, facilities, environmental, energy, and water. In addition to this, AECOM offers construction services that encompass building construction as well as energy, infrastructure, and industrial construction. The company also extends a range of other services, including program and facilities management, maintenance, training, logistics, consulting, technical assistance, and systems integration and IT services. These services are primarily aimed at U.S. government agencies but are also available to national governments worldwide. AECOM’s operations are divided into four segments: Design and Consulting Services (DCS), Construction Services (C.S.), Management Services (M.S.), and AECOM Capital (ACAP). These segments are organized based on the nature of the services they offer, the unique needs of their clients, and the company’s management structure. The DCS segment, for instance, offers a range of services such as planning, consulting, architectural and engineering design, program management, and construction management to a diverse clientele that includes industrial, commercial, institutional, and government clients around the world.
AEDAS - Aedas is a firm specializing in architecture, offering a wide range of design and architectural services through its design studios. It caters to various sectors including transportation, hospitality, entertainment, offices, retail, residential, and master planning. With a global footprint, Aedas has offices in the Americas, Europe, Asia, and the Middle East. It has completed over 30 major projects, some of which include the Shenzhen Airport Satellite Concourse, Commercial Bank Headquarters Mixed-use Project, China World Trade Center Phase 3C Development, DAMAC Heights, and Hengqin International Financial Center. Aedas organizes its services into seven main categories: Architecture, Arts Team, Graphics, Interiors, Landscape, Retail, and Urban Design & Masterplanning. This categorization allows for a more streamlined and efficient service delivery to its clients.
DP Architects Pte Ltd - DP Architects Pte Ltd is a prominent architectural firm in Asia, with over five decades of active participation in large-scale and diverse urban planning projects. The company offers a wide array of services, including project management consultancy, architecture and urban planning, interior design, landscape architecture, lighting and visual planning, engineering, facade design and engineering, sustainable design, and environmental branding, among others. The company operates under several brands, each specializing in a different area. These include DP Architects (DPA) for architecture and urban planning, DP Consultants (DPC) for project management consultancy, DP Design (DPD) for interior design and spatial planning, DP Engineers (DPE) for engineering and building services design, DP Façade (DPF) for building envelope design, DP Green (DPG) for landscape and arboriculture consultancy, and DP Lighting (DPL) for lighting design and visual planning. With a global footprint in more than 75 countries, DP Architects Pte Ltd has strategically positioned its international offices in 16 key locations worldwide. This global presence allows the company to serve a diverse range of clients and projects effectively.
FOSTER + PARTNERS - Foster + Partners is a global studio that provides architecture and integrated design services. Its engineering and architectural teams collaborate with other teams to offer comprehensive design solutions in areas such as environmental and structural urbanism. The company has completed projects in various sectors including transport and infrastructure, health and education, industrial and research, industrial design, hospitality and leisure, residential, retail, and urban design, among others. Some of the company’s distinguished projects include the London City Hall, Great Court, and Bloomberg London. Foster + Partners operates globally, with offices in cities such as Abu Dhabi, Bangkok, London, Beijing, Buenos Aires, Dubai, Madrid, Hong Kong, New York, San Francisco, Shenzhen, Shanghai, Singapore, and Sydney. The company’s excellence in architecture has been recognized with the Royal Institute of British Architects (RIBA) Stirling Prize, a prestigious British award, in 1998, 2004, and 2018.
Gensler - Gensler, an architecture, and design firm based in the U.S., provides a wide range of services. These include aviation, critical facilities, education, civic & culture, health & wellness, urban strategies & design, brand design, digital experience design, hospitality, retail, food & beverage, sports & convention centers, consulting & real estate services, office buildings, and product development. The firm boasts a high client retention rate, with 87% of its clients being repeat customers. Gensler operates globally, with offices in 48 locations and projects in 86 countries. Some of its notable works include the Shanghai Tower, Johnson Controls Asia Pacific Headquarters, Accenture Innovation Hub Tokyo, Adobe Campus Renovation, Duke Kunshan University, and Facebook Headquarters.
IBI Group - IBI Group is a top-tier technology design firm, powered by a team of planners, architects, engineers, technology professionals, and designers. They specialize in planning and designing for urban development and transportation. The company operates in three main segments: Intelligence, Buildings, and Infrastructure. The Intelligence segment offers a variety of services, including advisory services, systems design, consulting services on systems operation, deployment, and assistance with the implementation of industry solutions. The buildings segment provides a comprehensive suite of services, including architecture, interior design, and mechanical, structural & electrical engineering services. This segment serves various markets, including healthcare, educational institutions, high-density and high-rise residential and mixed-use developments, low-rise buildings, industrial facilities, high-rise office buildings, retail spaces, institutional buildings, recreation, hotel, and resort facilities. Lastly, the Infrastructure segment provides services in civil engineering, landscape architecture, planning, transportation, and urban design.
Jacobs - Jacobs stands as the premier provider of highly technical professional services. It offers a broad range of professional services, encompassing consulting, technical, scientific, and project delivery for both the government and private sectors. The company’s services are delivered through two segments: People & Places Solutions (PPS) and Critical Mission Solutions (CMS). The CMS segment includes services such as software application development, systems integration, enterprise and mission IT, cybersecurity, data analytics, and other highly technical consulting solutions. These solutions are within the realms of artificial intelligence & automation, data analytics, software development, and digitally-driven architecture, consulting, program management, and planning. This segment serves a variety of major clients, including the U.S. Department of Defense (DoD), the Combatant Commands, the U.S. Intelligence Community, NASA, the U.S. Department of Energy (DoE), the UK Ministry of Defence, the UK Nuclear Decommissioning Authority (NDA), and the Australian Department of Defence. It also caters to private sector customers, primarily in the aerospace, automotive, energy, and telecom sectors.
NIKKEN SEKKEI LTD - NIKKEN SEKKEI LTD. is a company that specializes in architecture and planning services. Their expertise spans across various domains such as architectural design, interior design, urban design and planning, landscape design, structural engineering, MEP engineering, civil engineering, computational design & BIM, sustainability, and consulting. The company strives to offer a comprehensive multi-disciplinary design service in the field of architecture. They have a vast portfolio, having completed over 25,000 projects in more than 250 cities across 50 countries. NIKKEN SEKKEI LTD. operates globally, with offices in cities like Shanghai, Beijing, Dalian, Seoul, Hanoi, Singapore, Bangkok, Dubai, Riyadh, Moscow, and Barcelona. The company offers a wide range of services including architectural, engineering, urban planning, interior design, and consulting and management services. Some of their notable projects include the Saitama Super Arena, Jumeira Gardens in Dubai, terminals for Tokyo International Airport, and various hotels, city halls, hospitals, and office buildings across Japan.
PERKINS&WILL - PERKINS&WILL is a company that specializes in providing architectural consulting services. It operates design studios in various locations worldwide, including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denmark, Denver, Houston, London, Dubai, Durham, Los Angeles, Miami, Minneapolis, New York, Ottawa, Monterrey, San Francisco, Shanghai, Toronto, Vancouver, Washington, São Paulo, and Seattle. Its clientele is diverse, encompassing governments, corporations, residential buildings, educational institutions, healthcare, and other sectors. The company extends its services to regions such as Asia, Africa, Europe, Latin America, Turkey, and the CIS. PERKINS&WILL is a subsidiary of Dar Al-Handasah Consultants Ltd., a company based in the UK.
Perkins Eastman - Perkins Eastman is an international architectural firm that provides services to various sectors including healthcare, education, and transit-oriented developments. The firm specializes in a variety of project types such as healthcare, civil, higher education, office & retail, hospitality, planning & urban design, residential, science & technology, and transportation & infrastructure. The team at Perkins Eastman is composed of professionals from various disciplines including architects, planners, urban designers, graphic designers, construction administrators, interior designers, construction specification writers, environmental analysts, and more. The firm has strengthened its service portfolio through partnerships with affiliate companies that provide real estate and transportation planning services, landscape architecture, and economic & demographic forecasting. Perkins Eastman has a robust global footprint with 17 offices located in North America, East and Central Asia, South America, and MENA. The firm provides urban, interior, and sustainable design & planning services not only in New York but also across the U.S. and internationally.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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