The Architectural Services industry is forecast to generate revenue of $6.3 billion in 2012-13, down by 1.6% on the previous year due to the winding back of educational building investment and weaker housing construction. Revenue is estimated to decline by an annualised 2.0% over the five years through 2012-13, corresponding with the cyclical decline in the value of total building construction (1.3%), and failing to match the pace of GDP growth (2.4% annualised). The industry generated export earnings equating to 4.0% of annual revenue ($255 million in 2012-13), outweighing import penetration, which captures an estimated 1.5% of domestic demand.
This industry includes establishments that provide planning and design services on residential, institutional, commercial, and industrial buildings and structures. Industry activities may include the preparation of drawings and specifications, administering building contracts, inspecting completed projects, the design of building interiors, and landscape architectural activities.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.