Standing tall: Increased construction activity and a growing economy will help the industry

Over the past five years, the Architects industry in Florida has grown alongside the booming level of construction activity. Construction activity is directly correlated with demand for architects in the state, as architects design and plan the construction of both private nonresidential and residential buildings. Fortunately for Architects in Florida, growth in the population and job market in the state has boosted demand for office buildings, retail centers, apartments and houses. As a result, revenue and demand for architects in the state has grown quickly over the past five years. IBISWorld expects industry revenue to increase at an annualized rate of 7.2% to $2.2 billion over the five years to 2017, with 4.3% growth in the year alone...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
7.2%
Forecast Growth 17-22
Profit
Employment
13,480
Businesses
5,752
What Our Customers Say

Industry Threats & Opportunities

  • Private nonresidential and residential construction have boosted industry revenue
  • A rising population will further boost demand for architectural services
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into the industry are low. The most significant barrier to entry comes from Florida's Department of Business and Professional Regulation's board of architecture and interior design, which oversees and ensures that architects have the required knowledge to perform the tasks. Registration requires that architects hold qualifications and take a written test of knowledge related to architecture. Beyond the education and knowledge required, architects require some capital investment, although these costs are relatively minimal. Architectural design requires computers and software, although these costs represent a relatively low share of the industry firm's cost structure...purchase to read more.

    Additional Insights for the Architects in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Architects in Florida Industry are

  • Having a clear market position
  • Ability to compete on tender
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Local and state government expenditure in Florida in the Architects in Florida industry impact industry performance..

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    What is the Architects in Florida Industry?

    Architects plan and design residential, institutional, recreational, commercial and industrial buildings and structures by applying their knowledge of design, construction procedures, zoning regulations, building codes and building materials.

    Industry Products
  • Private nonresidential projects
  • Residential projects
  • Industry Activities
  • Architectural (except landscape) consulting services
  • Architectural (except landscape) design services
  • Architectural (except landscape) services
  • Building architectural design services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Local and state government expenditure in Florida
  • Value of private nonresidential construction in Florida
  • Value of Residential Construction in Florida

  • Current Performance
  • Booming construction activity
  • The Florida economy
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Florida’s economic outlook
  • Continued construction growth activity
  • Industry structure
  • Table: Architects in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Architects in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Retail Trade
  • Professional, Scientific and Technical Services
  • Educational Services
  • Arts, Entertainment and Recreation
  • Accommodation and Food Services
  • Public Administration

  • Key Selling Industries
  • Engineering Services
  • Landscape Design
  • Surveying & Mapping Services

  • Products & Services
  • Private nonresidential projects
  • Residential projects
  • Other
  • Chart: Architects in Florida Industry Products and Services Segmentation

  • Major Markets
  • Private businesses
  • Government organizations
  • Individuals
  • Other
  • Not-for-profit organizations
  • Chart: Major Market Segmentation for the Architects in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Architects in Florida

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Architects in Florida Industry

  • AECOM HKS Inc.Jacobs Engineering Group Inc.Stantec Inc.
  • Table: AECOM - financial performance
  • Table: HKS Inc. - financial performance
  • Table: Jacobs Engineering Group Inc. - financial performance
  • Table: Stantec Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Architects in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Architects in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of private non-residential construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    American Institute Of Architects
  • The national professional association of architects.
  • Computer-Aided Design (Cad)
  • The use of computer technology to aid in the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Green Building
  • A building designed to reduce environmental impact and be resource efficient.
  • Leadership In Energy And Environmental Design
  • Also known as LEED, an environmental building certificate program established under the US Green Building Council that certifies buildings that meet energy-efficiency and green requirements.
  • Why buy this report?

    IBISWorld’s industry research report on Architects in Florida contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Architects in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Architects in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Architects in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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