Home > Media & Technology > Information Technology > IT Services > Built and Natural Environment Consulting Market
Built and Natural Environment Consulting Market Size
- Report ID: GMI7144
- Published Date: Oct 2023
- Report Format: PDF
Built and Natural Environment Consulting Market Size
Built And Natural Environment Consulting Market size was valued at USD 63.8 billion in 2022 and is projected to grow at a CAGR of over 5.5% by 2032 due to the rapid pace of urbanization.
As more people flock to urban areas, the demand for infrastructure, real estate, and sustainable urban development will skyrocket. According to the United Nations Conference on Trade and Development (UNCTAD), 57% of the world's population resides in urban areas. This statistic highlights the ongoing trend of global urbanization with many people living in cities and metropolitan regions. Consulting firms specializing in architecture, engineering, and environmental sciences play a pivotal role in planning, designing & managing these urban transformations. Moreover, urbanization leads to increased regulations and compliance requirements, necessitating the expertise of consultants to navigate through complex zoning laws, environmental impact assessments, and sustainable building practices.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Built and Natural Environment Consulting Market Size in 2022: | USD 63.8 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 109.8 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 261 |
| Tables, Charts & Figures: | 285 |
| Segments covered: | Service Type, Application, End User, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
The rising service demand from the infrastructure and real estate sectors is a significant factor driving the industry gains. These sectors require expertise in urban planning, architectural design, and environmental sustainability. According to the India Brand Equity Foundation, the construction market is expected to reach USD 1.42 trillion by 2027. Under the National Infrastructure Pipeline (NIP), infrastructure projects with a combined value of USD 1.3 trillion are in their various stages of implementation. These projects encompass a wide range of sectors including transportation, energy, and urban development, aiming to bolster the country's infrastructure and promote economic growth & development.
Evolving environmental regulations and sustainability standards present challenges in the market. As standards change, consulting firms must stay updated, thus incurring additional costs. Meeting stringent regulations and sustainability criteria can be complex & costly.
Frequently Asked Questions (FAQ) :
Built and Natural Environment Consulting Market Scope
