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Drafting Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Drafting Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • May 2021
  • 175 pages
  • ID: 6071825
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the drafting services market are Vegacadd; Creative Drafting; Tier 1 Utility Design; VIATechnik, LLC; Curtainwall Design Consulting; CFI Engineering, Aedas; MatkinHoover Engineering & Surveying; Duenas Camacho & Associates; and Gray Design Group.

The global drafting services market is expected to grow from $3.06 billion in 2020 to $3.42 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.08 billion in 2025 at a CAGR of 4.5%.

The drafting services market consists of the sales of drafting services and related goods by entities (organizations, sole traders, and partnerships) that draw detailed layouts, plans, and illustrations of buildings, structures, systems, or components from engineering and architectural specifications. Only goods and services traded between entities or sold to end consumers are included.

3D printed buildings is a key trend gaining popularity in the drafting services market. A 3D printer can support the design and construct of the entire building. This method is more eco-friendly, cost-effective, and time-efficient in printing buildings than other traditional methods. A digital 3D design of an object is produced either by a computer-aided design (CAD) or by a 3D scanner. In 2018, COBOD, a Danish 3D printing construction company launched the BOD2 3D printer. This cuts the installation time by 50%, enabling the printer to be mounted in a new location within 4 hours. The BOD2 can create three-story buildings in one go, each of which could be more than 300 square meters in length.

The drafting services market is segmented by service type into mechanical drafting services; site drafting services for civil engineering projects; structural components of buildings drafting services; architectural drafting services; drafting of as-built drawings; drafting consulting services; others and by end-user into education; healthcare; hospitality; industrial; residential; others

In May 2019, WorleyParsons, an Australia-based engineering services company acquired Jacobs ECR for $3.2 billion. The deal will help to bring equal abilities in key business lines including a best-in-class coastal and downstream MMO capability allowing customers to benefit from expanded integrated solutions offering. Jacobs ECR, an America based professional services firm.

The growing demand for computer-aided design (CAD) services is expected to propel the growth of the drafting services market.Computer-aided design (CAD) includes the design and drafting of objects, goods, or structures using computer technology.

Owing to the tremendous benefits that CAD provides to real estate developers, architects, interior designers, and consumers, CAD outsourcing has proven particularly relevant in the sector of architecture and building design.For instance, in 2019 Autodesk, an America-based software company revealed that the company revenue for its construction, architecture, engineering, AutoCAD, and AutoCAD LT products grew by 37%.

Therefore, the growing demand for CAD services drives the growth of the drafting services market.

The high cost of computer-aided design (CAD) drafting services is expected to hamper the growth of the drafting services market in the coming years.CAD, or computer-aided design and drafting (CADD), is a design and technical documentation software that substitutes an automated process instead of a manual design.

The cost of the design depends upon the type and size required.Most of the drafting firms will charge an average of $100 to $120 an hour.

Architects are more costly, charging $130 to $150 per hour. Therefore, the high cost of CAD drafting services hinders the growth of the drafting services market.

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