Global Architectural Services for Retail Sector Market Report and Forecast 2024-2032

Global Architectural Services for Retail Sector Market Outlook

The global architectural services for retail sector market size reached approximately USD 385.35 billion in 2023. The market is estimated to grow at a CAGR of 4.6% in the forecast period of 2024-2032, reaching a value of around USD 580.75 billion by 2032.

Key Trends in the Market

Architectural service refers to a service which involves the planning and designing of an infrastructural project. This service is composed of a feasibility study, programming, schematic design of the building, design development, and construction documents for the project.

• Growing demand for architectural services by retailers to showcase the brand image of retail stores is one of the key architectural services for retail sector market trends. Architects can aid retailers by incorporating their brand colours in the colour scheme of their stores.

• With the rising trend of sustainability, architects are incorporating sustainability assessments in their architectural services, which include overall energy analysis of the retail store project and the impact of construction material on the environment and human health.

• Several architects are leveraging advanced technologies such as digital twins for visualising a retail store’s appearance before its conception, which further contributes to the architectural services for retail sector market growth. Digital twins can display the 3D model and simulation of road traffic and surrounding areas to help stakeholders understand the architectural design better.

Market Analysis

Based on service type, the market is divided into architectural advisory services, construction and project management services, engineering services, interior design services, and urban planning services, among others. On the basis of brand category, the market is bifurcated into economical retail store and luxury retail store.

The architectural services for retail sector market segmentation, on the basis of application, includes apparel, footwear, and accessories, electronic and household appliances, personal care and cosmetics, food and beverages, and furniture and toys, among others. The major regional markets of architectural services for retail sector include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the architectural services for retail sector market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• CallisonRTKL Inc. 

• RDAI Company  

• MCM 

• Aedas Group  

• Foster + Partners  

• M. Arthur Gensler Jr. & Associates, Inc. 

• IBI Group  

• Perkins Eastman  

• Others

Market Share by Service Type

Construction and project management service occupies a sizeable portion of the architectural services for retail sector market share, due to the growing usage of architectural services for project management tasks such as project life cycle management, cost control, and risk management, among others. This service also aids architects in proper time and budget management of a retail store project.

Additionally, urban planning services are expected to gain significant growth in the forecast period, due to the surge in the construction of retail stores under the urban development plan.

Market Share by Region

As per the architectural services for retail sector market analysis, the Asia Pacific accounts for a substantial share of the global market, owing to the rapid urbanisation, coupled with the rise in commercial construction projects in the region. Strategic initiatives by several market players such as the incorporation of traditional and cultural elements into the retail stores also fuel the market growth.

Furthermore, Europe is expected to witness robust growth in the coming years, due to the growing investment in infrastructural development.

Competitive Landscape

CallisonRTKL Inc., established in 2015, is an architectural and designing firm, that was formed as a merger of Callison and RTKL Associates. The company also offers services such as brand building, commercial interiors, design development, and environmental graphic design, among others.

RDAI Company, founded in 1972, is an architecture and design company, based in Paris, France. The company offers its architectural solutions for the residential, hospitality, workplace, commercial, and furniture sectors.

Aedas Group is an architectural firm, incorporated in 2002, with its headquarters in Hong Kong. The company offers tailor-made design solutions to different cities and communities depending on their social and cultural environment.

Other architectural services for retail sector market players include MCM, Foster + Partners, M. Arthur Gensler Jr. & Associates, Inc., IBI Group, and Perkins Eastman, among others.

Key Highlights of the Report