Industry Analysis & Industry Trends
The Architectural Services industry has endured a tough five years due to a prolonged downturn in the construction market. Over the last five years, the winding back of educational building investment and weak housing 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.
The key building markets for architectural services have displayed divergent trends over the past five years. In the non-residential building market, the value of institutional building has benefited from the injection of federal funding for school refurbishment under the Building the Education Revolution (BER) program... 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. Despite the industry losing ground as a share of the economy since the mid-2000s, due to the magnitude of the collapse in commercial building construction, the Architectural Services industry is expected to match the pace of the general economy over the long term.
Over the 10 years through 2019-20, industry value added, which measure an industry's contribution to the economy, is forecast to rise by an annualised 0.6%, compared with annualised GDP growth of 2.7%... purchase to read more