Architectural Services in Australia - Industry Market Research Report

Building up: Recovering business confidence is projected to lay the foundation for rising revenue

Architectural services firms have endured challenging conditions in recent years. In response to uncertain economic conditions because of the pandemic and subsequent supply chain issues, many downstream clients delayed or cancelled projects, dropping demand for architectural services. Tumbling business confidence and construction activity have contributed to a limited number of new projects in recent years. This trend has intensified competition and put downward pressure on prices, further reducing architects' ability to lift revenue. Nonetheless, climbing demand from institutional construction has buoyed industry revenue in recent times. Overall, industry revenue is expected to fall at an annualised 1.9% over the five years through 2023-24, to $7.5 billion. This trend includes an anticipated drop of 2.0% in the current year, largely due to supply chain disruptions' and rising interest rates' ongoing effects on construction activity, which have limited new projects.

Industry firms provide architectural design and drafting services, landscape design services and town planning services. Industry operators also provide consultation on land zoning and building code regulations. Activities related to prime contractors managing or organising construction projects are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.