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Premium Report Details
Base Year: 2022
Companies covered: 15
Tables & Figures: 285
Countries covered: 22
Pages: 261
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Built and Natural Environment Consulting Market
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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.
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.