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
| Aug 15, 2012
MBH Architects announces new appointments
MBH Architects continues to grow, take on new clients.
| Aug 15, 2012
Architects and designers challenged in Allsteel’s reality design competition
KITS mobile app offers flexibility in planning.
| Aug 14, 2012
Leo A Daly welcomes Carl Gentilcore
Gentilcore will be responsible for identifying, developing and managing client relations with key federal government agencies.
| Aug 14, 2012
SOM Foundation announces prize recipients for 2012
Submissions for the SOM Prize were received from students at 34 schools in the U.S.
| Aug 9, 2012
Slideshow: New renderings of 1 WTC
Upon its scheduled completion in early 2014, One World Trade Center will rise 1,776 feet to the top of its spire, making it the tallest building in the Western Hemisphere.
| Aug 9, 2012
Slideshow: New renderings of 1 WTC
Upon its scheduled completion in early 2014, One World Trade Center will rise 1,776 feet to the top of its spire, making it the tallest building in the Western Hemisphere.
| Aug 9, 2012
DSGW Architects welcomes new employees
Three new employees located in DSGW's Duluth office.
| Aug 9, 2012
DMR Architects converts bank building to municipal court
The project consisted of a $4 million renovation to a 2-story building totaling 13,000-sf.
| Aug 8, 2012
BD+C wins six B2B journalism awards
BD+C wins two national awards, three regional awards, and a regional Graphical Excellence award.
| Aug 8, 2012
BIM’s future up in the cloud
The AEC industry is on the cusp of a still more significant evolution with cloud computing.