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During the global lockdown, the demand for commercial/industrial constructions weakened. Nevertheless, the rising demand for distribution, logistics, data centers and other industrial facilities is helping offset the industry. Architectural services revenue was estimated at $344 billion in 2021, with engineering services revenue estimated at $938 billion globally.
While increasing demand for green buildings has created a niche that many firms have developed talent to exploit, a long, continuous decline of profit margins in both architecture and engineering poses a threat to the growth of this market- particularly in developed economies.
Geo Strategy Partners serves architectural and engineering clients with customized research and analysis, consulting, and M&A support.
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