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Europe's City Dwelling Past Makes It The World's Largest And Fastest-Growing Architectural And Engin

, 7 November 2017 -- (1888 PressRelease) By 2020, nearly 40% of the global market for architectural and engineering consultancy services will be in Europe. Its share will have grown by 4 percentage points from 2016, and will be worth $566 million.

By 2020, nearly 40% of the global market for architectural and engineering consultancy services will be in Europe. Its share will have grown by 4 percentage points from 2016, and will be worth $566 million. Asia's share will be the next largest, at 29%; it too will have grown since 2016, in this case by 3 percentage points. The Americas' share will be the third largest, at 25%, but this is shrinking and will be 4 percentage points lower in 2020 than 2016.

The architectural and engineering consultancy services market is fragmented but is in the process of consolidation. The top five competitors make up only 5.2% of the global total. Recent years have seen high levels of M&A activity in the market.

Architectural and engineering consultancy services are the largest segment of the professional services market, which also includes accounting, legal services, market research and advertising, design, scientific research and development, management consulting and environmental consulting. Globally, architectural and engineering services are worth about $12 billion or 28% of the total. Construction booms and high levels of investment in transport infrastructure in some parts of the world, especially Asia, mean that the growth of this segment is likely to remain buoyant.

Europe's high level and long history of urbanization is a strong influence on the size and growth of its architectural and engineering consultancy services market, which caters to replacement as well as new construction. For example, over 75% of Germany's and 80% of France's populations are town or city dwellers; this compares with 33% of India's and 58% of China's. However, the fact that the continent is split into 50 countries, each with different building regulations, does impede growth there. Skills shortages are another issue.

Where to Learn More
Read Architecture, Engineering Consultants, And Other Related Services Market Global Report 2017 from The Business Research Company for information on the following:

Markets Covered: Engineering Services, Architects, Laboratory Testing Services, Surveying And Mapping Services, Landscape Design, Building Inspectors, Geophysical Services

Markets Compared: Architectural, Engineering Consultants And Other Related Services, Management Consulting Services, Advertising, Public Relations and Related Services, Scientific Research & Development, Specialized Design Services, Market Research Services, Photographic Services, Environmental Consulting Services

Companies mentioned: Bechtel, AECOM, Jacobs, CH2M Hill, Gensler, Perkins+Will, Callison, HDR, HKS Inc, Skidmore Owings & Merrill LLP
Countries: Brazil, China, France, Germany, India, Italy, Japan, Spain, Russia, UK, USA and Australia.

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa
Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP, Expenditure Per Capita, The Musculoskeletal Disorders Drugs Indicators Comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Interested to know more? Here is a full scope of Professional Services Market reports to explore:
1. Accounting Services Market Global Report 2017
2. Advertising, Public Relations, And Related Services Market Global Report 2017
3. Professional Services Market Global Report 2017
4. Design, Research, Promotional And Consulting Services Market Global Report 2017
5. Environmental Consulting Services Market Global Report 2017
6. Legal Services Market Global Report 2017
7. Management Consulting Services Market Global Report 2017
8. Photographic Services Market Global Report 2017
9. Scientific Research And Development Services Market Global Report 2017
10. Specialized Design Services Market Global Report 2017
11. Geophysical Services Market Global Report 2017
12. Marketing Research And Analysis Services Market Global Report 2017

About The Business Research Company
Visit The Business Research Company is a market research and intelligence company which excels in company, market and consumer research. It has research professionals at its office in the UK, India, and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology. The Business Research Company’s management have more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world’s largest organizations. The Business Research Company’s Consultant have master’s qualifications from top institutes and include MBAs, MSCs, CFAs and CAs. The Business Research Company’s Consultants gain training and qualifications from the market Research Society and are trained in advanced research practices, techniques, and ethics.

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Submitted by 1888 presssrelease on Tuesday, 7 November 2017 at 3:12 PM
Category: Science & Research
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