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Architects in Canada - Industry Market Research Report

Publisher IBISWorld
Published Nov 04, 2024
Length 73 Pages
SKU # IBSS19341068

Description

Architects in Canada - Industry Market Research Report


Architects in Canada

Buoyed by a modest expansion in the Canadian real estate market and increased residential and public investment in nonresidential construction, Canadian architects' revenue has increased, rising at a CAGR of 1.5% to $6.2 billion through the end of 2023. Companies in this industry primarily plan and design buildings and other structures; consequently, revenue is tied to the real estate market's health. For instance, as corporate balance sheets improve, many businesses expanded their storefronts and offices, increasing demand for architectural services. Despite the adverse economic effects of COVID-19, revenue will increase 0.3% in 2023 alone. This rise can be mainly attributed to the steady economic recovery in 2021 and 2022 as vaccines have been rolled out and restrictions have begun to ease. However, industry profit has decreased in recent years.

The Architects industry in Canada plans and designs residential, institutional, leisure, commercial and industrial buildings and structures by applying their knowledge of design, construction procedures, zoning regulations, building codes and building materials.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

73 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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