The JAGG Group, a consulting and publishing company dedicated to the architecture, engineering, environmental and construction industries, ranks the apartment market as the hottest for AEC firms working in the United States in 2013.
The company’s 270-page report – The 2013 Guide to the U.S. AEC Markets – ranks 40 separate market sectors served by AEC firms within seven broader categories: residential, commercial, institutional, transportation, water/wastewater, environmental and power.
The full list is available on the firm’s blog (http://www.aecinsight.com).
“Ranking the markets according to a variety of factors, including size, anticipated growth and intangibles unique to the individual market gives some guidance to firms planning their marketing and business development approach in 2013,” says report author Jerry Guerra. “The intention is to show the relative strength various markets served by AEC firms in the United States. It is essentially a summary of the data and information presented throughout the rest of the report, which is where the real meat of these rankings lies.”
The report predicts that the multifamily-for-rent market, which enjoyed solid growth and high activity in 2012, will repeat its strong performance in 2013. The apartment market is followed in the rankings by natural gas, senior housing, transmission/ distribution and health care as the five markets anticipated to be the healthiest in 2013.
On the opposite end of the ranking for the New Year are high-speed rail, nuclear power and brownfields.
The report ranks the markets according to a weighted scale that takes into account the market’s size, short-term growth projection (2013), long-term growth projection (annualized five-year estimate) and a variety of intangible factors.
The intangible category – worth 20% of the total – is included to adjust for factors outside of size and anticipated growth. For example, single-family housing is a massive market expected to have a high growth rate in both the short- and long-term. However, because the market is recovering from such a low point, competition is high (including many small firms still starving for work) and opportunities for traditional architecture and engineering firms are limited, the “intangible” category drags the single-family housing market closer to the middle of the pack (12th overall).
To support the market sector rankings and provide more insight into their outlook for 2013, the book includes more than 150 pages of analysis. The annual report – the sixth authored by the 10-year-old JAGG Group – also includes top industry trends, an analysis of the 2012 Election results, an overview of the industry and U.S. economy, and a glimpse of international market opportunities for 2013. +
Related Stories
Office Buildings | Jun 1, 2015
Can you make a new building as cool as a warehouse?
Just as we looked at that boarded up warehouse and thought it could be something other, office towers can be reborn, writes CannonDesign's Robert Benson.
Fire and Life Safety | May 27, 2015
7 bold applications and innovations for fire and life safety
BD+C’s roundup features colorful sprinklers for offices, hotels, museums; a fire-rated curtain wall at a transit hub in Manhattan; a combination CO/smoke detector; and more.
BIM and Information Technology | May 27, 2015
4 projects honored with AIA TAP Innovation Awards for excellence in BIM and project delivery
Morphosis Architects' Emerson College building in Los Angeles and the University of Delaware’s ISE Lab are among the projects honored by AIA for their use of BIM/VDC tools.
Healthcare Facilities | May 27, 2015
Rochester, Minn., looks to escape Twin Cities’ shadow with $6.5 billion biotech development
The 20-year plan would also be a boon to Mayo Clinic, this city’s best-known address.
BIM and Information Technology | May 26, 2015
Lego-like model building kit was created by an architect for architects
Arckit, as the system is called, was designed to a 1:48 scale, making it easy to create models accurate to the real-life, physical building projected.
BIM and Information Technology | May 26, 2015
Moore's Law and the future of urban design
SmithGroupJJR's Stephen Conschafter, urban designer and planner, discusses his thoughts on the 50th anniversary of Moore's Law and how technology is transforming urban design.
Architects | May 26, 2015
AIA design competition creates portable, temporary housing for the homeless
The winning design from the AIA's "A Safe Place" competition was built at the AIA convention in Atlanta and later donated to a local non-profit partner.
BIM and Information Technology | May 21, 2015
How AEC firms should approach BIM training
CASE Founding Partner Steve Sanderson talks about the current state of software training in the AEC industry and common pitfalls in AEC training.
Architects | May 20, 2015
Architecture billings remain stuck in winter slowdown
Regional business conditions continue to thrive in the South and West
University Buildings | May 19, 2015
Special Report: How your firm can help struggling colleges and universities meet their building project goals
Building Teams that want to succeed in the higher education market have to help their clients find new funding sources, control costs, and provide the maximum value for every dollar.
