Industry Analysis & Industry Trends
Throughout the ages, architectural design has been the method through which civilizations have built their houses, their temples and their sporting stadiums. Architecture stands unique among the knowledge-based service industries as it endeavors to blend artistic merit, ethical and cultural philosophies, and commercial design practicalities. Architects are hired to customize building designs to meet with a wide range of client requirements, which may include artistic or aesthetic qualities, cost control, environmental sustainability, disability access and flexibility of function. The optimum use of space, light, energy and thermal properties can also be of consideration... read more
Industry Key Buyers
This industry has a very low concentration of ownership and is characterized by its fragmented structure with very few large scale multi-national players, and many small scale firms operating in geographically narrow markets. The largest global players account for about 0.2% to 0.25% of annual industry revenue, and therefore the four leading architectural firms account for only about 1.0% of the world market.
A recent survey by the Architects' Council of Europe (ACE), indicated that about 87% of European firms employed one to five people (including 54% as sole person establishments), while only 5.0% of establishments employed more than 10 people... read more