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
| Dec 2, 2014
Main attractions: New list tallies up the Top 10 museums completed this year
The list includes both additions to existing structures and entirely new buildings, from Frank Gehry's Foundation Louis Vuitton in Paris to Shigeru Ban's Aspen (Colo.) Art Museum.
| Dec 2, 2014
Nonresidential construction spending rebounds in October
This month's increase in nonresidential construction spending is far more consistent with the anecdotal information floating around the industry, says ABC's Chief Economist Anirban Basu.
| Dec 2, 2014
Hoffmann Architects announces promotions
The architecture and engineering firm specializing in the rehabilitation of building exteriors announces the promotion of members of its Connecticut staff.
| Dec 2, 2014
SPARK designs urban farming housing for Singapore’s elderly population
The proposal blends affordable retirement housing with urban farming by integrating vertical aquaponic farming and rooftop soil planting into multi-unit housing for seniors.
| Dec 2, 2014
Bjarke Ingels unveils cave-like plan for public square in Battersea Power Station
A Malaysian development consortium is guiding the project, which is meant to mimic the caves of Gunung Mulu National Park in Sarawak, East Malaysia.
| Dec 1, 2014
9 most controversial buildings ever: ArchDaily report
Inexplicable designs. Questionable functionality. Absurd budgeting. Just plain inappropriate. These are some of the characteristics that distinguish projects that ArchDaily has identified as most controversial in the annals of architecture and construction.
| Dec 1, 2014
Skanska, Foster + Partners team up on development of first commercial 3D concrete printing robot
Skanska will participate in an 18-month program with a consortium of partners to develop a robot capable of printing complex structural components with concrete.
| Dec 1, 2014
How public-private partnerships can help with public building projects
Minimizing lifecycle costs and transferring risk to the private sector are among the benefits to applying the P3 project delivery model on public building projects, according to experts from Skanska USA.
High-rise Construction | Dec 1, 2014
ThyssenKrupp develops world’s first rope-free elevator system
ThyssenKrupp's latest offering, named MULTI, will allow several cabins in the same shaft to move vertically and horizontally.
| Nov 29, 2014
20 tallest towers that were never completed
Remember the Chicago Spire? What about Russia Tower? These are two of the tallest building projects that were started, but never completed, according to the Council on Tall Buildings and Urban Habitat. The CTBUH Research team offers a roundup of the top 20 stalled skyscrapers across the globe.
