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Architectural, engineering, and related services (NAICS 541310) industry trends

Sageworks
July 30, 2013
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The architectural, engineering, and related services industry includes firms providing services in fields such as architecture, landscape architecture, engineering, drafting, building inspection and mapping. Architecture firms in this industry design residential, institutional, leisure, commercial and industrial buildings. Landscape architecture firms provide services related to garden planning, golf course or ski area design or industrial land use planning. Engineering firms in this industry provide services in the fields of civil engineering, environmental engineering, construction engineering and mechanical engineering. Drafting firms provide detailed layouts of structures based on engineering and architectural specifications. Building inspection service firms prepare reports on the physical condition of properties. Mapping firms gather and interpret geophysical data to locate oil, gas, minerals and other subsurface resources. Also included in this industry are testing laboratories that provide analytical testing services such as vibration testing or geotechnical testing.

The Census Bureau’s most recent data indicates that there are approximately 116,090 firms within this industry. The majority of firms in this industry provide engineering services.

According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 8.24 percent. During this same time, the average gross profit margin was 65.96 percent.

The graph below shows business statistics for the average company in the architectural, engineering, and related services industry.

 

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Sageworks

Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

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