Architectural Activities in the UK - Industry Market Research Report

Building back up: Severe economic headwinds in 2023-24 are hindering revenue expansion

Over the five years through 2023-24, revenue is projected to decline at a compound annual rate of 1.4% to £8.5 billion. Residential construction activity has been resilient in recent years, aided by government initiatives introduced to stimulate the housing market and consumer spending. However, commercial construction activity has fared worse amid lower business confidence and uncertainty following the EU referendum. Intense competition from multidisciplinary building and engineering firms has put pressure on architects and restricted demand. Architects in this industry design and draft plans for buildings, plan urban areas and carry out landscape architecture. They also supervise the construction of buildings. Architectural firms provide information on design and construction procedures, zoning regulations, building codes and building materials. Interior decorating services are not included in 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.