Industry Analysis & Industry Trends
The Architectural Services industry has endured a tough five years due to a prolonged downturn in the building construction market. Over the past five years, the winding back of educational building investment and weak non-residential construction markets have led to subdued demand for industry services. Revenue is estimated to rise by just 0.5% annualised over the five years through 2014-15, corresponding with a slump in the value of total building construction over much of the past five years.
The key building markets for architectural services have displayed divergent trends over the past five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature stage of its life cycle as it is positioned in the middle of the building services market and is responsive to trends in downstream building investment. Over the 10 years through 2019-20, industry value added (a measure of an industry's contribution to the economy) is forecast to rise by an annualised 0.4%, compared with forecast GDP growth of 2.7% annualised over the same period. This means that the industry is underperforming the economy and reflects the subdued growth in the value of total building construction.
The industry is increasingly subject to competition from broader based and multiskilled building services firms... purchase to read more