USA Dominated Architecture, Engineering Consultants & Other Related Services Market in 2016, Says TBRC in Its Report Available at MarketPublishers.com28 Jul 2017 • by Natalie Aster
LONDON – Architecture, engineering consultants and other related services encompass activities that offers support to planning and designing of construction-related businesses of various sizes within all domains. Enterprise entities that are involved in the provisioning of the services in question are typically referred to as architectural bureaus or engineering consultancies.
The USA dominated the market for architecture, engineering consultants and other related services as of 2016, capturing a share of 25% of the market, or USD 250 billion. China came the second, grabbing 10% of the market, or close to USD 115 billion. The UK was the third biggest market, capturing 8%, or nearly USD 90 billion, of the market. Russia’s architecture, engineering consultants and other related services market captured a share of only around 2%. Other nations collectively represented close to 25% of the total market.
Many professional companies are choosing virtual offices to eliminate costs associated with permanent offices. Thus, by hosting their IT infrastructure in the cloud, having few permanent offices, and hiring freelance employees and independent contractors close to the clients’ locations these companies are capable of competing aggressively on price whilst keeping margins reasonably low.
Perkins+Will, Bechtel, Jacobs, CH2M Hill, HKS Inc, AECOM, Gensler, HDR, Callison, Skidmore Owings & Merrill LLP, amid others, are the leading players in the marketplace.
Topical research report “Architectural, Engineering Consultants And Other Related Services Market Global Report 2017” elaborated by TBRC is aimed at analysing the market worldwide.
The study provides detailed market characteristics, size as well as growth (historic growth and future forecasts), segmentation, regional and country breakdowns covering all the regions, major developed countries and leading emerging markets. The research report canvasses the competitive scene, competitors’ market shares, gives a description of the dominant players, and keeps track of leading financial deals that have taken place in the marketplace in the recent past. It presents an evaluation of the trends and strategies, covering the possible future developments in the industry and suggesting approaches firms can adopt to exploit this. It reviews the market within the context of the wider market, and compares it with other marketplaces. The report also gives a global perspective on the evolution of the market.
More topical market research reports created by the publisher can be found in The Business Research Company catalogue at MarketPublishers.com.