Blue print: The industry will continue its recovery as downstream construction markets improve

The Architects industry derives the bulk of its revenue from nonresidential building design. Revenue is generated from fee-based contracts for preplanning and design services related to construction and building projects. In the five years to 2022, industry operators will continue to benefit from improvements in downstream construction markets. The volume of construction projects will increase as access to credit becomes more readily available and the value of construction continues to grow...purchase to read more.

Industry Statistics & Market Size
Revenue
$45bn
Annual Growth 13-18
5.6%
Forecast Growth 18-23
Profit
Employment
227,166
Businesses
69,307
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increases in nonresidential and residential construction result in an increased need for architectural design services
  • Over the past five years, client demand for LEED-certified buildings has increased
  • A general movement toward integrated architecture and engineering firms is expected
  • Industry Report - Industry SWOT Analysis Chapter

    The Architects industry is in the mature phase of the industry lifecycle. Over the 10 years to 2023, IBISWorld expects that industry value added (IVA), which measures the industry's contribution to the overall economy, to be growing by an annualized 3.7%. This is more than that of US GDP growth, which is expected to grow at an annualized 2.1% over the same period. Although growth is high enough to be characteristic of an industry in its growth phase, other industry indicators are more characteristic of a mature industry.The number of enterprises in the industry are stagnant. The number of establishments and enterprises is not growing quickly nor declining and major merger and acquisition activity is not widespread. Thi...purchase to read more.

    Additional Insights for the Architects Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Architects 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 Value of private nonresidential construction and Access to credit in the Architects industry impact industry performance..

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    What's in this report

    What is the Architects 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
  • Office building projects
  • Hospitals and clinical buildings
  • College and university school projects
  • Primary and secondary school projects
  • Retail and restaurant projects
  • All other nonresidential building projects
  • Architectural services for residential building projects
  • Architectural services for all other 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
  • Value of private nonresidential construction
  • Access to credit
  • Value of residential construction
  • Corporate profit
  • Consumer Confidence Index
  • Housing starts

  • Current Performance
  • Steady revenue growth
  • LEED and energy efficiency
  • Industry structure and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Growth in downstream markets
  • Competitive conditions
  • Table: Architects Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Architects 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
  • All other nonresidential building projects
  • Architectural services for residential building projects
  • Office building projects
  • Architectural services for all other projects
  • Hospitals and clinical buildings
  • College and university school projects
  • Primary and secondary school projects
  • Retail and restaurant projects
  • Chart: Architects Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • All other private businesses and organizations
  • Governmental bodies (Federal, state and local)
  • Construction, engineering and architectural firms and all other
  • Private corporations and businesses
  • Household consumers/Individuals
  • Nonprofit organizations
  • Private Hospitals and clinics
  • Private colleges and universities
  • Chart: Major Market Segmentation for the Architects Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Architects

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Architects Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Architects 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 Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of private non-residential construction (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    American Institute Of Architects (Aia)
  • 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.
  • What Our Customers Say

    Why buy this report?

    The Architects industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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