The specialized design services market size is expected to see strong growth in the next few years. It will grow to $207.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth anticipated in the forecast period can be attributed to economic expansion, a rise in the number of internet users, and the impact of globalization. Major trends expected in the forecast period include increased investments in innovative technologies, the adoption of IoT and computer-aided engineering (CAE) technologies, the prevalence of cloud-based product design, the provision of customized solutions, collaborations with local interior designers, the delivery of virtual designing services, the integration of AI technologies, investments in 3D printing technologies, and commitments to lab-grown diamonds. Strategies adopted by players in the specialized design services industry involve expanding into new geographical areas, establishing new operational centers, developing innovative tools, and collaborating with technology-based companies.
The anticipated growth in the specialized design services market is expected to be propelled by an increasing focus on sustainability and eco-friendly design practices. Sustainability and eco-friendly design practices involve principles and practices aimed at minimizing negative impacts on the environment and promoting sustainable development. These practices help optimize building performance and minimize adverse effects on building occupants and the environment. For instance, data from the Office for National Statistics, a UK-based statistics authority, reveals that in 2021, 64% of UK consumers limited their consumption of single-use plastic, indicating a 3% increase compared to 2020. Thus, the growing emphasis on sustainability and eco-friendly design practices is a driving force behind the specialized design services market's growth.
The rising demand for transportation services is expected to contribute to the growth of the specialized design services market. Transportation services involve the movement of people, goods, and materials, playing a crucial role in the functioning of modern societies for work, commerce, and leisure. Specialized design services play a key role in helping transportation companies design and develop new products, including vehicles, parts, and accessories, that are more efficient, safer, and more comfortable for passengers and drivers. As per the Bureau of Transportation Statistics, a US-based government agency, truck transportation employment is projected to reach 1.59 million in January 2023, reflecting a notable increase of 600,000 from January 2022. Consequently, the growing demand for transportation services is a significant driver of the specialized design services market's expansion.
Major players in the specialized design services market are increasingly directing their focus toward 3D printing technology, anticipating the highest growth rate in the near future. The utilization of 3D printing technology is revolutionizing the delivery of specialized design services, enabling the creation of intricate and complex designs that may be challenging with traditional manufacturing methods. For example, in September 2023, Mastercam, a US-based specialist in CAD/CAM software, introduced a new Add-On product called Mastercam APlus by CAMufacturing Solutions, specifically tailored for 3D printing. This software supports the programming and simulation of additive manufacturing processes within Mastercam. Seamlessly integrating with Mastercam, the software empowers users to generate 3D printing toolpaths and visualize the additive machining outcomes. The introduction of Mastercam APlus enhances the value proposition in the specialized design services market, providing a more efficient and cost-effective approach to creating intricate designs.
Interior design service providers are widely incorporating virtual reality (VR) and augmented reality (AR) technologies to offer customized designs to customers and deliver low-cost design plans within a short timeframe. Virtual reality involves using computer technology to create computer-stimulated visuals, while augmented reality supplements real-world objects with computer-generated information through sensory inputs. These technologies contribute to reducing rework, enhancing quality, lowering labor costs, improving safety, facilitating collaboration, and aiding in project management. For instance, online interior design service provider Decorilla utilizes AR and VR technologies for interior design. Major corporations such as Google, Facebook, and Samsung also leverage these technologies to boost productivity and elevate the quality of design. Other companies employing virtual reality and augmented reality for interior design include Roomy and Vectorworks.
Major companies operating in the specialized design services market report are AECOM, Gensler, Perkins and Will, HOK Group, Inc., HKS Architects, Arcadis NV, Southern Graphics, Inc., HDR Inc., IDEO, Pentagram, Flow, Neri and Hu, Archstudio, Ahead Design, China Industrial Design, Shark Design, Farfetech, IDC China, India’s Mandy WebDesign, First Point Web Design, Design Qube, Carafina, Desmania, IDEINN and Morph Design & Co., Digiwebart, Logo Design India and CrowdStudio, Japan’s Curiosity, Hashimoto Yukio, Kono Designs, Eat Creative, Accorder Inc., Azoth Inc., Isato Design Works Ltd., Kondo Knit Co. Ltd., Nippon Design Center, Australia’s MIM Design, Coco Republic, Nude Design Studio, Evie Group, Creator Global, Vert Designs., John Wood Group, MKV Design, Align, Wilkinson Beven Design, Addict Clothing, Seymourpowell, PDD, Gusto Design, Tangerine, Zara, Taxi Studio, Graphical House, La Boca, Design One, Luxottica, Altercasa, Andrei Dmitriev, Alter Ego, LEDAS, ASCON Group, Antonovich Design, Iron Water Studio, Inostudio Solutions, ITA Labs, Ronas IT, Digital Dali., Interior Logic Group, Inc., RKS, Designworks, Karten Design, Studio O+A, IA, Eastlake Studio, Sagmeister and Walsh, FINIEN, Piscatello Design Centre, Georgia Thomas Designs, J. Jansen Designs, Keith Llyod Couture., Iris, Valtech, 360i, Key Ideas, United Group of Companies, Al-Khulaifi Group, Doha Online Network, Jets Projects, Rumaillah Services Est., Sahar Madanat, Don Rite Consultancy & Design, S3T Koncepts, NBA, Ideso, Bravo Design, Designs Squared, Teritory, Sand Product Design NN Vintage, MaXhosa, CK Digital.
North America was the largest region in the specialized design services market in 2023. Asia-Pacific was the second largest region in the specialized design services market. The regions covered in the specialized design services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the specialized design services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The specialized design services market consists of revenue earned by entities by providing services such as planning, designing and administering projects as required by client specifications. The specialized design services market does not include architectural, engineering and computer system design services. Specialized design services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Specialized design services are diverse and include interior design services, graphic design services, industrial design services, fashion design, and others. Graphic design, for instance, is an art or profession in visual communication that blends images, words, and ideas to effectively convey information to a target audience, aiming to achieve specific effects. These services are accessible through various modes, including both online and offline channels. Service providers in this domain range from large enterprises to small and medium-sized enterprises.
The specialized design services market research report is one of a series of new reports that provides specialized design services market statistics, including specialized design services industry global market size, regional shares, competitors with a specialized design services market share, detailed specialized design services market segments, market trends and opportunities, and any further data you may need to thrive in the specialized design services industry. This specialized design services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Specialized Design Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on specialized design services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for specialized design services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Interior Design Services, Graphic Design Services, Industrial Design Services, and Fashion and Other Design Services
2) By Mode: Online and Offline
3) By Service: Large Enterprise; Small and Medium Enterprise
Key Companies Mentioned: AECOM; Gensler; Perkins and Will; HOK Group, Inc.; HKS Architects
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- AECOM
- Gensler
- Perkins and Will
- HOK Group, Inc.
- HKS Architects
- Arcadis NV
- Southern Graphics, Inc.
- HDR Inc.
- IDEO
- Pentagram
- Flow
- Neri and Hu
- Archstudio
- Ahead Design
- China Industrial Design
- Shark Design
- Farfetech
- IDC China
- India’s Mandy WebDesign
- First Point Web Design
- Design Qube
- Carafina
- Desmania
- IDEINN and Morph Design & Co.
- Digiwebart
- Logo Design India and CrowdStudio
- Japan’s Curiosity
- Hashimoto Yukio
- Kono Designs
- Eat Creative
- Accorder Inc.
- Azoth Inc.
- Isato Design Works Ltd.
- Kondo Knit Co. Ltd.
- Nippon Design Center
- Australia’s MIM Design
- Coco Republic
- Nude Design Studio
- Evie Group
- Creator Global
- Vert Designs.
- John Wood Group
- MKV Design
- Align
- Wilkinson Beven Design
- Addict Clothing
- Seymourpowell
- PDD
- Gusto Design
- Tangerine
- Zara
- Taxi Studio
- Graphical House
- La Boca
- Design One
- Luxottica
- Altercasa
- Andrei Dmitriev
- Alter Ego
- LEDAS
- ASCON Group
- Antonovich Design
- Iron Water Studio
- Inostudio Solutions
- ITA Labs
- Ronas IT
- Digital Dali.
- Interior Logic Group, Inc.
- RKS, Designworks
- Karten Design
- Studio O+A, IA
- Eastlake Studio
- Sagmeister and Walsh
- FINIEN
- Piscatello Design Centre
- Georgia Thomas Designs
- J. Jansen Designs
- Keith Llyod Couture.
- Iris
- Valtech
- 360i
- Key Ideas
- United Group of Companies
- Al-Khulaifi Group
- Doha Online Network
- Jets Projects
- Rumaillah Services Est.
- Sahar Madanat
- Don Rite Consultancy & Design
- S3T Koncepts
- NBA
- Ideso
- Bravo Design
- Designs Squared
- Teritory
- Sand Product Design NN Vintage
- MaXhosa
- CK Digital
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 300 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 156.92 Billion |
Forecasted Market Value ( USD | $ 207.32 Billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |
No. of Companies Mentioned | 98 |