CLEVELAND, Dec. 12, 2016 /PRNewswire/ -- US architectural service revenues are forecast to rise 4.6% annually through 2020 on the strength of robust construction activity. Especially strong gains in residential construction will heighten the need for design and planning services, particularly those related to multi-family building projects. Increasing demand for sustainable building design will provide another avenue for revenue growth, as more building owners are seeking LEED certification due to benefits such as tax credits and energy savings.
These and other key insights are featured in Architectural Services: United States, a report recently released by Freedonia Focus Reports, a division of The Freedonia Group. http://www.freedoniagroup.com/freedonia-focus/architectural-services-united-states-FF95039.htm
The report forecasts US architectural service revenues in US dollars to 2020. Total revenues are segmented by market in terms of:
- multi-family residential
- single-family residential
- interior design
- other markets such as architectural advisory, historical restoration, and urban planning.
US architectural service providers' revenues include income from all domestic locations primarily engaged in providing architectural services.
To illustrate historical trends, total revenues and the various segments are provided in annual series from 2005 to 2015.
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About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-architectural-service-revenues-to-grow-46-annually-amid-gains-in-construction-300376545.html
SOURCE The Freedonia Group