Asia-Pacific Architectural Services Market – Growth, Trends, COVID-19 Impact, and Forecast (2021)


The Asia-Pacific architectural services market is expected to register a CAGR of approximately 4.2% during the forecast period (2021 – 2026). Architectural planning has experienced a paradigm shift in recent years due to the emergence of computer software.

New York, October 27, 2021 (GLOBE NEWSWIRE) – announces the publication of the report “Asia Pacific Architectural Services Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” –
Advances in digital design tools, computer-controlled manufacturing, computer-controlled connectivity and interconnectivity have enabled a new phase in the design and construction processes.

Architectural services include a wide variety of processes including feasibility studies, architectural programming, project management with design assistance, preparation of construction documents, and construction administration. The growing demand for green buildings is driving the architectural services market, as sustainable construction offers significant benefits and business opportunities. In addition, the return on investment can be improved, as well as the occupancy, thus saving operating costs.
The Asia-Pacific region is characterized by significant ongoing and upcoming infrastructure projects, especially smart city projects, in Singapore, China, Japan and India, which can create a demand for architectural services. . According to the India Brand Equity Foundation (IBEF), the real estate sector in India is expected to reach a value of $ 1 trillion by 2030, which could represent more than 13% of the country’s GDP by 2025.
In the context of technological integration, homes are embracing automation and turning into smart homes. New buildings are designed with automation as a top priority. Automated systems help with functions such as security, temperature control, and lighting, which are helpful in controlling bills and positively impact the environment and the environment.
Firms offering architectural services have been significantly negatively impacted due to the COVID-19 pandemic. The pandemic has resulted in nationwide lockdowns in many countries, leading to the complete halt of construction projects in Asia-Pacific. However, the market is expected to gain momentum as the situation continuously improves and normalizes due to widespread vaccination in this region.
In addition, the architectural industry in the region is experiencing tremendous growth, with an increasing number of new architectural firms entering the market with innovative designs and software, thus providing better services, such as improvements in planning. urban. These advancements are expected to increase the demand for improved design technologies involving high-end 3D models and design software. The entry of new players is supported by several investments from venture capital companies, which supports the growth of the studied market.

Key market trends

The residential sector will hold a significant market share

The residential sector is among the largest segment of end users for architectural services. The actors of the residential project use different forms of architectural visualization to meet different needs.
These architectural services offer a full range of assistance, including interior design, in the residential sector to ensure the success of a residential construction project. Operating companies work with trusted partners, suppliers, and service providers to help users achieve their project goals.
Rapid urbanization is one of the major factors driving the residential architectural services market in the APAC region. Growth in residential development remained weak in 2020, but is expected to pick up in 2021. The government places considerable emphasis on affordable housing in the region’s emerging markets.
For example, the Indian government recently introduced the Affordable Rental Housing Program (AHRC) to provide migrant workers with affordable rental housing. This, combined with the introduction by the Chief Minister of Maharashtra of Maha Awas Yojana, a new rural housing project, is expected to propel the residential construction sector in India.
Likewise, in Malaysia’s 2021 budget, the government proposed a number of incentives to increase home ownership. For example, the Malaysian government has said that first buyers of property in the country will be exempt from stamp duty until 2025. Many Malaysians who wish to buy a home in the country will benefit from the stamp duty exemption.
Such initiatives are expected to create a plethora of opportunities for architectural services in the residential realm.

China will occupy maximum market share

China’s urbanization rate is one of the highest in the world. According to data from the American Institute of Architects (AIA) Shanghai, by 2025, China will have built the equivalent of 10 cities the size of New York since the 1990s. China remains a site for architectural experimentation and attracts many companies to provide architectural services.
In the past development of China’s construction industry, architectural design does not participate deeply in subsequent building construction process after submission of design drawings, showing a state of fragmentation between architectural design and building construction , which resulted in a series of inconveniences. The shortcomings of the traditional production model have encouraged the development of new business models, such as general engineering contracts and full process engineering consulting.
In addition, China has experienced rapid development of Leadership in Energy and Environmental Design (LEED) green buildings in recent years, with top-tier cities remaining the most active players. As of April 2021, nearly 6,600 projects in China totaling more than 330 million square meters had received or are working on LEED certification, making it the second-largest market after the United States in terms of LEED certification, according to data from the American Green Building Council.
China is also investing heavily in the digital transformation of its cities and has developed a smart city infrastructure that has already been applied to many of its major metropolises and their industries. In addition, the Chinese state-led initiatives in technological innovation and participation of public-private enterprises are also expected to boost the demand for architectural services during the forecast period.

Competitive landscape

The architectural services market in Asia-Pacific is moderately competitive and grows in competition with the entry of an increased number of players. The market is made up of a large number of local and global players. The players are focused on expanding their customer base across the region and adopting both organic and inorganic growth strategies. Some of the major players operating in the market include IBI Group Inc., AECOM Ltd., Aedas Architects Ltd and HDR Architecture Inc. among others.

October 2021 – Bengaluru Airport City Limited (BACL) appointed DP Architects Singapore & Portland Design UK as a construction consultant for the integrated Retail-Dining-Entertainment (RDE) Village project. Developed at BIAL Airport (Bengaluru) as part of Airport City, RDE Village is built on the vision of creating retail and lifestyle destinations. In an energizing and lively airport environment, RDE Village can meet the expectations of millennials. This development envisions having an open and fluid environment that connects several areas through an interactive and sensory experience and facilitates longer stay times and repetitive visits.
September 2021 – Arup won a civil and structural engineering consultancy contract for the detailed design phase of the passenger terminal at Long Thanh International Airport, 40 km from Ho Chi Minh City. This project adds to a growing list of key regional transportation hubs with Arup selected as a key consultant, including Hong Kong International Airport, Taiwan Taoyuan T3 Airport, Singapore Changi T5 Airport, the Beijing Capital Airport T3 and the timber-framed Mactan-Cebu. terminal in the Philippines.

Additional benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report:

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