Major companies in the specialized design services market include Suzhou Gold Mantis Construction Decoration Co. Ltd. , Gensler, China Railway Signal & Communication Corporation Limited, China Energy Engineering Group, Nippon Express Co.
New York, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Specialized Design Services Global Market Report 2022" - https://www.reportlinker.com/p06193735/?utm_source=GNW
Ltd., Perkins+Will, HOK Group, Arcadis NV, Martela Oyj and CPFL Energia S.A.
The global specialized design services market is expected to grow from $127.28 billion in 2021 to $142.92 billion in 2022 at a compound annual growth rate (CAGR) of 12.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $216.97 billion in 2026 at a CAGR of 11.0%.
The specialized design services market consists of sales of specialized design services such as interior, industrial, graphic and fashion design services and related goods by entities (organizations, sole traders and partnerships) that plan, design and administer 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 specialized design services market is segmented into interior design services; graphic design services; industrial design services and fashion and other design services.
The main types of specialized design services are interior design services, graphic design services, and industrial design services.Graphic design is a visual communication art or profession that mixes images, words, and ideas to transmit information to an audience, with the goal of achieving a specific effect.
The services are available in various modes including online and offline mode. The different service providers include large enterprise, small and medium enterprise.
North America was the largest region in the specialized design services market in 2021.Asia Pacific was the second largest region in the specialized design services market.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Many design services companies are entering into new markets, or collaborating with foreign designers to offer a wide range of services, thereby eliminating boundaries on the geographic scope of design services.As overseas travel is becoming prevalent, awareness of the latest design trends is increasing.
Therefore, many companies have access to more globalized and advanced design services. For instance, Callison RTKL, a Batimore based design firm collaborated with HBS realtors, an Indian real estate company to design residential buildings in India.
Virtual reality and augmented reality technologies are being widely used by interior design service providers to provide customized design to customers and offer low cost design plans in a short time span.Virtual reality is the use of computer technology to create a computer stimulated visuals and augmented reality is a real environment objects supplemented with computer-generated information through sensory inputs.
These technologies aid in reducing rework, increase quality, lower labour costs, improve safety, streamline collaboration and aid in project management.For instance, Decorilla, an online interior design service provider, is providing AR and VR based technologies for interior designing.
Large companies such as Google, Facebook, and Samsung are also widely using these technologies to increase productivity and enhance quality associated with designing. Other companies using virtual reality and augmented reality for interior designs include roOmy and Vectorworks.
The outbreak of Coronavirus disease (COVID-19) has acted as a restraint on the specialized design services market in 2020 as governments globally imposed lockdowns and restricted trade, thereby limiting the need for professional services.COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.
The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia.Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of ’lock down’ and the outbreak had a negative impact on businesses throughout 2020 and into 2021.
However, it is expected that the specialized design services market will recover from the shock across the forecast period as it is a ’black swan’ event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The countries covered in the specialized design services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
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