In harmony with transformation
In Harmony With Transformation
PROJECT NAME : Market and industry analysis
tEAM : business development
DATE : 2023
CATEGORY : growth
STATUS : complete
PROJECT NAME
Team
DATE
CATEGORY
STATUS
Market and industry analysis
Business Development
2023
Growth
COMPLETE
Services
Scenario planning | Strategic planning
Aligned With Change In The World Of Consulting Engineers
Changes in the field of architecture, engineering, and construction like other industries and micro and macro-economic and technological changes have created various opportunities and challenges in the in the path of growth and development of these businesses.
In addition to being influenced by many economic, technical, infrastructural, environmental and global social factors, these developments depend on the background and geographical scope of business.
The upcoming report provides an overview of market studies and the architecture, engineering and construction industry, and then presents the development scenarios of Naqsh Honar Taqaron Consulting Engineers.
Changes in the market of global engineering services
A look at Iran's real estate construction market
Capital accumulation in Iran’s housing market is more than the world average and about 6 times the rate of gross domestic product (GDP). In this regard, property, as a not very productive capital good, has always been the direction of capital and increased the depth of the market in Iran.
But the investigation of the volume of construction of this product (property) indicates a decrease in supply, and on the other hand, with a relatively constant average of about 1200 dollars per square meter, it shows the decline of the prosperity of this market. Therefore, consultants, as one of the players in this field, must adapt themselves to the changes of this market and review the value cycle that can be presented.
The business environment of design, engineering and construction consulting engineers in Iran
Most of Iran’s consulting engineering companies are concentrated in Tehran and in the field of residential, commercial and office buildings. This can be investigated and developed in two dimensions; First, there is tight competition from consultants in Tehran, and then there are special opportunities based on geographical features in other parts of the country.
Of course, the evaluation of qualified companies or engineers from other authorities such as Construction Engineering Organization (the following statistics were compiled based on the information of the country’s program and budget organization) were evaluated and presented in the supplementary documents.
Potential services for architecture, engineering
and construction companies
Potential services for architecture, engineering and construction companies
Architecture, engineering and construction (AEC) companies have been providing a specific range of services including design, providing specialized engineering solutions, project management and control, project planning, etc.; But by looking at the market developments and technological developments, we find that aligning with these changes has become the main scenario of growth and businesses in this field. Among the potential services for the sustainability and development of the AEC business now are the expansion of financial and technological services such as asset management – analysis and decision-making based on data – development and management of infrastructure – innovation and creation of digital transformation.
In regional and national dimensions, 3 challenges express the importance of completing this service chain;
1– Lack of financial resources and the importance of financing projects
2– The need to increase productivity with the help of digital and data-based tools
3– Deterioration of the infrastructure and the need to revive and develop the country’s infrastructure
AEC business model changes
Considering the evolution of potential global services and the national need that was mentioned, it seems that the business model in the fields of architecture, engineering and construction requires changes such as the following;
AEC business model changes
Considering the evolution of potential global services and the national need that was mentioned, it seems that the business model in the fields of architecture, engineering and construction requires changes such as the following;
Future requirements of AEC businesses
The changes and transformations facing the market and the environment of design, engineering and construction businesses will bring with them requirements. In this regard, the following strategies will work a lot;
1– The focus of companies in this field can go beyond providing a product in the form of physical space; Providing a portfolio of diverse solutions for customers
2– Taking advantage of transformations, especially digital developments, for business sustainability and growth
3– Creating value and providing services throughout the entire life of the project, not just at a certain point.
4– Focus on operational efficiency and performance improvement
5– Using integrated digital solutions and advanced analysis
MINE team for this project: Saghar Yazdani, Hannan Abagheri, Mohamad Ebrahimi
MINE team for this project: Saghar Yazdani, Hannan Abagheri, Mohamad Ebrahimi