Press release
Drafting Services Market 2022 Analysis by Global Manufacturers - Vegacadd, Creative Drafting, Tier 1 Utility Design, VIATechnik LLC, Curtainwall Design Consulting
The Drafting Services Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The global drafting services market is expected to grow from $4.69 billion in 2021 to $5.33 billion in 2022 at a compound annual growth rate (CAGR) of 13.6%. The growth in the drafting services market 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 drafting services market is expected to reach $8.40 billion in 2026 at a CAGR of 12.0%.
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Top Leading Companies of 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, Gray Design Group, DP Architects, Jacobs, Callison and others.
Market Overview:
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.
Market Segmentation:
1) By Service Type: 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
2) By End-User: Education; Healthcare; Hospitality; Industrial; Residential; Others.
3) By Provider: Large Enterprise; Small and Medium Enterprise
Regional Outlook of Drafting Services Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Drafting Services Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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