$55.3bn
$X.Xbn
225k
73,313
$XX.Xbn
Architects faced a volatile environment over the past five years. High wage growth and low unemployment encouraged consumer spending and business investment in the years immediately preceding the pandemic, resulting in high revenue growth for architects. The pandemic forced households to stay put, so spending in various markets plunged, resulting in a major decline in nonresidential construction and caused revenue to fall significantly. Despite these challenges, architects operating primarily in residential markets performed well, as low-interest rates and government assistance enabled households to purchase and renovate homes at record amounts. Overall, revenue for architects slipped at a CAGR of 0.1% to an estimated $55.3 billion over the past five years, including an estimated 2.0% boost in 2024 alone.
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated $55.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Gensler | 1,179.3 | 76.7 | 6.5 | |
HKS Inc. | 336.9 | 21.9 | 6.5 | |
Stantec Inc. | 298.8 | 28.9 | 9.7 |
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Industry revenue is measured across several distinct product and services lines, including Office building projects, Hospitals and clinical buildings and College and university school projects. Office building projects is the largest segment of the Architects in the US.
Architects provide a similar set of services to all customers
Architects in the United States plan and design residential, institutional, recreational, commercial and industrial buildings and structures by applying their knowledge of design, construction procedures, zoning regulations, building codes and building materials.
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NAICS 54131 - Architects in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Revenue endured considerable volatility due to high inflation. Architects rebounded well following the pandemic, yet faced considerable changes in revenue due to rising inter...
Learn about an industry's products and services, markets and trends in international trade.
Architects enjoy mixed results from core revenue streams. Hospital revenue has surged due to increased construction spurred by health concerns, but higher interest rates have...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Mid-Atlantic region hosts numerous architectural firms. High population density and major client sectors, such as finance and government, provide lucrative revenue niches...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Most architects operate within a specific city or county in the United States. The localization of architects enables a diverse array of demand niches and provides numerous o...
Learn about the performance of the top companies in the industry.
Architects endure significant fragmentation. Major players such as Gensler branch out into other industries, such as landscape and interior design, keeping consolidation low.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The National Council of Architectural Registration Boards (NCARB) provides the bulk of architect regulations across the United States. NCARB's exam is required for licensure,...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Architects' profits have fluctuated in line with the domestic economy. Although overall profit has been steadier in recent years, heightened inflationary pressures continue t...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Architects in the US industry in United States is $55.3bn in 2024.
There are 73,313 businesses in the Architects in the US industry in United States, which has grown at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Architects in the US industry in United States has been declining at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Architects in the US industry in United States is expected to grow.
The biggest companies operating in the Architects market in United States are Gensler, HKS Inc. and Stantec Inc.
Office building projects and Architectural services for residential building projects are part of the Architects in the US industry.
The company holding the most market share in United States is Gensler.
The level of competition is moderate and steady in the Architects in the US industry in United States.