Industry Analysis & Industry Trends
The Architectural Services industry has endured a tough five years due to fluctuations in downstream building construction markets and rising competition. Over the past five years, the winding back of the Federal Government’s Building the Education Revolution (BER) program and low growth in commercial construction has led to subdued demand for industry services. However, an upswing in housing construction activity in the three years through 2014-15 (partly caused by record low interest rates) is anticipated to contribute to revenue growth of 1.0% in 2015-16. Revenue is estimated to rise by an annualised 0.2% over the five years through 2015-16, climbing to $7.7 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature stage of its life cycle and is characterised by a reliance on downstream building construction markets. Over the 10 years through 2020-21, industry value added, a measure of an industry's contribution to the economy, is forecast to rise by an annualised 1.5%, compared with forecast GDP growth of 2.6% annualised over the same period. This means that the industry is underperforming compared with the overall economy. This reflects subdued growth in downstream building construction markets, particularly over the past five years.
The industry is increasingly subject to competition from multi-skilled building services firms. These broad-based companies can offer a one-stop shop range of services and expertise, including architectural services... purchase to read more