Market Share of Architectural Services Industry
The degree of competitive rivalry in the market studied is high and expected to remain the same during the forecast period. The architectural services market comprises several global and regional players like IBI Group, Aedas, AECOM, HDR Architecture Inc., and Gensler in a contested market space. Although the market poses high barriers to entry for new players, several new entrants have gained traction. Players in the market are adopting strategies such as partnerships and expansions to enhance their product offerings and achieve a sustainable competitive advantage.
- February 2024: CannonDesign announced its collaboration with SRG Partnership, an energetic firm specializing in architecture, interior design, and planning, with offices in Portland, Oregon, and Seattle, Washington. Both firms are dedicated to creating environments that promote the growth of individuals, communities, and the environment. They will enhance their influence across the Pacific Northwest and nationwide, establishing new benchmarks for innovative design in the fields of health and wellness, education, science and technology, sports and recreation, and culture.
- February 2024: In a strategic move that marked a significant expansion of its services and market reach, Designblendz, a key architecture and 3D visualization firm known for its innovative approach to multi-family and commercial design, announced the merger with the architecture and interior design firm, IEI Group. This consolidation is poised to elevate the quality of architectural and design services, merging state-of-the-art technology with a distinguished history of design superiority.
Architectural Services Market Leaders
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IBI Group
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Aedas
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AECOM
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HDR Architecture, Inc.
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Gensler
*Disclaimer: Major Players sorted in no particular order
