Heavy Industry
Architectural and Design Services in New Zealand - Industry Market Research Report
Architectural and Design Services in New Zealand - Industry Market Research Report
Architectural and Design Services in New Zealand - Industry Market Research Report
Architectural and Design Services in New Zealand
Architectural and design services revenue is projected to increase at a compound annual rate of 0.4% over the five years through 2022-23 to $3.2 billion. The industry has faced varying trading conditions as economic uncertainty brought on by the COVID-19 outbreak has constrained demand for new construction and discretionary projects. Demand for non-residential building construction has declined, primarily driven by fluctuating business confidence and subdued foreign investment. However, strong public investment in infrastructure development has provided a lifeline to the industry as these projects are generally larger in dollar value and duration than residential contracts. Rising house construction activity due to strong residential housing price growth has supported architectural and design services demand.
Industry firms provide architectural services, surveying and mapping services, and other specialised design services. These services include planning and designing buildings, structures and land developments; aerial surveying; engineering surveying; land surveying; fashion design; graphic design; and interior design. Engineering and computer system design services 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.