Market Share of Architectural Services Industry
The degree of competitive rivalry in the studied market is high and expected to remain unchanged over the forecast period. The architectural services market comprises several global and regional players like IBI Group, Aedas, AECOM, HDR Architecture, Inc., and Gensler, among others, in a contested market space. Although the market poses high barriers to entry for new players, several new entrants have gained traction. Players in the market are adopting strategies such as partnerships and expansions to enhance their product offerings and achieve a sustainable competitive advantage.
Hillingdon Hospital in northwest London was scheduled to become a new, advanced healthcare facility after approval by the London Borough of Hillingdon's Major Applications Planning Committee in March 2023. For the 79,000 square meters project, Arcadis IBI Group supplied master planning, healthcare planning, architectural, and landscape design services, merging a modern, future-ready hospital with a mixed-use complex that encourages healthy living.
HDR Architecture Inc. expanded its architecture practice with the Kansas City Studio in March 2023. The architecture studio brings HDR's global health, science, education, and research facility design expertise. Also, it may bolster the firm's design capabilities in Kansas City, with new architecture leadership bringing decades of collective local and regional experience and specializations in healthcare and pediatric design.
Architectural Services Market Leaders
IBI Group
Aedas
AECOM
HDR Architecture, Inc.
Gensler
*Disclaimer: Major Players sorted in no particular order
