The Architects industry has finally begun to recover from the recession, although revenue remains below the industry's 2007 peak due to the lingering effects of the housing crash. Nevertheless, the construction market has recently shown signs of recovery, with the values of both residential and nonresidential construction rising over the past five years. Moreover, firms' cost-cutting efforts during the economic downturn have improved profit margins, even as the industry's workforce has once again begun to expand. Over the next five years, environmentally friendly design will increase in importance to architecture firms as downstream construction markets continue to improve and the inudstry proceeds with its recovery.
Architects plan and design residential, institutional, recreational, 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.