Design Services Market Forecast
The relevance of research
Design is the process of developing and issuing project documentation necessary for the construction of an object. The result of the design is a set of documentation intended for the implementation of capital construction, reconstruction, expansion, restoration of any property
Purpose of the study
Analysis of the state of the design services market in India, assessment of the market size, analysis of competitors, as well as identification of factors affecting the design services market
Content
Chapter 1. Key components of the market for design services
1.1. Market size
1.2. Growth rates of the design services market
1.3. Design Services Market Trends
1.4. The main problems of the industry
1.5. The stage of the life cycle of the market for design services
1.6. Estimation of the number of buyers and their financial capabilities
1.7. Estimated consumption per capita
1.8. Analysis of sectoral indicators of financial and economic activity
1.9. Price analysis
Chapter 2
2.1. Economic components
2.2. Social Components
2.3. Technological components
2.4. Political Components
2.5. STEP-analysis of the design services market
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
3.2. Number of competitors and relative market shares of the largest competitors
3.3. Compact location of industry companies in certain regions
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
4.2. Analysis of the impact on the state aid industry at the current date
4.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the market for design services
4.4. Prospects and growth drivers for the design services market
4.5. Forecast of the development of the market for design services in the context of the current economic crisis due to covid-19
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
5.2. Sources of information for forecasting
5.3. Timing of forecasting
Research excerpt
Chapter 1. Key components of the market for design services
1.1. Market size
Design is the process of developing and issuing project documentation necessary for ...
Architectural and construction design is part of the process ...
The stages of building design include:
...
At the end of 2020, the market volume amounted to … billion Rs. The industry is not one of the largest in India, but it is ..., largely determining the pace of development of the national economy, as well as contributing to ...
1.2. Growth rates of the design services market
...
Diagram 1. Dynamics of the volume of the market for design services, 2016-2020, billion Rs.
The dynamics of the market volume during the period under review has … character. The average annual growth rate before the economic crisis of 2020 is …%. In 2020, the market volume is estimated at … billion Rs., which is …% … compared to 2019. The slowdown in growth rates is associated with a decrease in ... Under conditions of uncertainty, this has led to ...
1.3. Design Services Market Trends
...
1.4. The main problems of the industry
...
1.5. The stage of the life cycle of the market for design services
...
The main task of the stage ... is to strengthen ... Strategies in this stage are aimed at ...
For the further development of the design sphere, according to ..., the following goals and objectives are defined:
formation ...;
transition to multi-stage ...;
transition to execution ...;
...
1.6. Estimation of the number of buyers and their financial capabilities
Consider the data on the population in India and its real income (purchasing power).
For the period of 2010-2018, … population was observed. The increase by …% in 2015 compared to 2014 is due, in addition to natural growth and growth due to migration, ... However, at the beginning of 2018 …% compared to the previous year 2017, in 2019 (as of 01.01.2019) population growth …
According to Rosstat, against the backdrop of the COVID-19 pandemic, the population of India in 2020 is …, this is …
The general deterioration of the socio-economic conditions for the implementation of the project and the decrease in the purchasing power of the population may lead to …
From 2014 to 2017, there is a trend towards ... In 2014, the real income of the population is …%, in 2015 – …%, and in 2016 another …% compared to the previous year. But in 2017 we can observe a decrease of …%. According to Rosstat data, the growth rate of real disposable income in 2018 …
According to preliminary data from Rosstat, as a result of the crisis caused by the pandemic, real disposable cash income in 2020 decreased by …%. According to the results of the 1st quarter of 2021, the real disposable money income of Indians decreased by …% compared to the pre-crisis 1st quarter of 2020.
Direct customers in the design services market are ...
So, according to the results of 2020, within the framework of 44 and 223 Federal Laws, more than ... contracts for the provision of services ...
...
In 2020, more than ... customers of design services were identified as part of the tender procedures.
The potential capacity of the design market is the maximum possible size of the market, which is determined from ...
For the most part, achieving the potential of the design market and its qualitative development mainly depends on …
1.7. Estimated consumption per capita
...
The dynamics of consumption in the design services market over the period under review tends to ... In 2020, the indicator is estimated at … Rs./person, which is …% higher than in 2019 and by …% more than in 2016.
1.8. Analysis of sectoral indicators of financial and economic activity
Important data for analyzing the state of the industry is the dynamics of such indicators as profitability, liquidity, and business activity. The indicators are calculated by GidMarket based on industry data …
The table shows the dynamics of the gross profit margin (the ratio of gross profit to income). Gross margin serves as an estimate of...
...
Chart 6. Profitability before tax (profit of the reporting period) in the design services industry in comparison with all sectors of the Indian economy, 2016-2020, - ,
Profitability before tax in the design services industry for the period from 2016 to 2020 …% to …%. At the same time, until 2020, it was ... an indicator for all sectors of the Indian economy.
Consider the liquidity ratios in the design services industry. The indicator of current liquidity is a measure of the solvency of the organization, the ability to repay the current (up to a year) obligations of the organization.
The estimated indicator of current liquidity of a normally operating solvent legal entity should be ...
If the current liquidity ratio is greater than 2, this indicates that the company has current assets ...
At the same time, in world practice, the coefficient in the range of …
The annual value of current liquidity in the design services industry for the period under review is more than ..., this indicates ... However, according to the standards of domestic practice ...
A more stringent liquidity criterion is the absolute liquidity ratio. It shows what...
The normal value of the absolute liquidity ratio ranges from ...
During the period under review, the indicator for all sectors of the Indian economy did not fall below ..., which indicates ...
Business activity is the ability of an enterprise, based on the results of its economic activity, to take ...
Consider the dynamics of the average turnover of receivables in the design services industry in India.
The dynamics of the average turnover period of receivables in the period from 2016 to 2020 had … character. Compared to 2016, the indicator of … in 2020 is more than …
The stability of the financial position of the enterprise is impossible without effective management of working capital, based on the identification of significant factors and measures to provide the enterprise with its own working capital.
The equity ratio characterizes the availability of own working capital of the enterprise, necessary for its financial stability, it is calculated ...
The total working capital ratio for all sectors of the economy in India in 2016-2019 shows a trend towards ... The indicator for the design services industry under consideration is …% throughout the entire period, however, it tends to …, which indicates …
Thus, at the end of 2020, the indicators ...
1.9. Price analysis
The dynamics of prices in the market of design services is due to …
Table 3. Consumer price indices in the design services market in India in 2016-2021 (Q2), %
During the entire period, prices for design services … – CPI annually …%. Over the indicated period, the largest price growth occurred in … year, the growth rate amounted to …%. The smallest increase (…%) is observed in … year. In general, the increase in prices for design services exceeds …
The average prices in the design services market for 2020 are determined based on an analysis ...
The average cost of a contract for the provision of design services in India in 2020 amounted to … million Rs. The highest price level is observed in … the federal district – … mln Rs., the lowest average price is noted in …
The cost of designing depends on many factors: ...
Chapter 2
Macroeconomic factors influence the dynamics of all sectors of the Indian economy, including the market for design services. The main groups of factors are: economic, political, social and technological.
2.1. Economic components
GDP dynamics
Gross domestic product (GDP) is a macroeconomic indicator that reflects the market value of all final goods and services produced ...
The chart shows India's GDP growth rate from 2012 to 2021 (Q1) at comparable prices (at 2016 prices).
According to the data of Rosstat, during the period 2012-2014, … is observed, while the indicator gradually decreased, and in 2015 it was ... In 2015, which was the peak of the crisis in the country, the decline in GDP amounted to …% compared to the previous year , and since the dynamics of GDP is directly proportional to the well-being of citizens, this indicates ...
...
At the end of 2020, the decline in GDP amounted to …%, which is better than … which assumed a fall by …%. This is the most significant drop in the Indian economy since 2009, when GDP fell by …%. The decline in GDP in 2020 is due to …
...
2.2. Social Components
...
2.3. Technological components
...
2.4. Political Components
...
2.5. STEP-analysis of the design services market
Let's present the results of the analysis of factors influencing the market in the form of a STEP-analysis table.
Thus, at the current moment, the Indian design services market is experiencing in general ... the influence of environmental factors ... forces.
Holding back market development: …
The following factors positively affect the market: ...
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
...
According to the data of the project … India's share in the world export of construction services averages about …%. India’s construction services exports are dominated by services…
In this regard, it can be noted that global competition in the market in question is currently …
The main competition is concentrated at the … level, as the largest innovative technological solutions and products represent …
At … levels, competition in the design services sector is represented by …
3.2. Number of competitors and relative market shares of the largest competitors
In India, in the design market ... depending on the list of services provided, into three categories:
...
Today, the Unified Register of Self-Regulatory Organizations lists ... active self-regulatory organizations in the field of building design, based on the membership of more than ... design companies.
The features of the industry under consideration are the complexity ...
In this regard, in order to identify the largest players in the market, companies in the industry were considered ...
Among the leaders of the Indian market of design services are “…” JSC, “…” JSC, …
Diagram 17. Shares of the largest competitors in the design services market in 2020, %
Estimation of the shares of the largest competitors in the design services market in India is based on ...
According to the results of the analysis, the main market participants are JSC “…” with a share of …%, JSC“…” with a share of …%...
The total share of the top 10 market operators is …%. The Herfindahl-Hirschman index for the design services market is ... (HHI ...), the market is ...
The dynamics of the total revenue of the Top 5 market leaders has … character - an indicator annually ... In 2020, it amounted to … billion Rs., which is …% higher than in 2019. Due to the pandemic and subsequent economic crisis, …
3.3. Compact location of industry companies in certain regions
To determine the compactness of the location of companies in the industry, …
The … federal district traditionally leads the market, holding a share of at least …% during the period under review. The second place in 2020 is occupied by … the Union Territories with a share of …%, however, earlier the share of the district was insignificant and amounted to … The share of the … federal district tends to decrease, so in 2020 it amounted to …%.
Diagram 19. Compactness of location of companies in the industry in certain regions in 2020,
If we consider the regional structure of the location of companies in the design industry, then the undisputed leader is ... with a share of ...% of the total market in 2020 and ...% of ... the Union Territories. Leadership ... is explained by the fact that it is the most ...
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
...
The design services market depends on…
Table 10. Assessment of the impact of recent crises on the industry
4.2. Analysis of the impact on the state aid industry at the current date
Forecasting the development of the design services market in India is impossible without understanding the economic situation in the country, as well as the impact of the spread of the COVID-19 virus and the measures taken.
...
4.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the market for design services
...
4.4. Prospects and growth drivers for the design services market
...
4.5. Forecast of the development of the market for design services in the context of the current economic crisis due to covid-19
...
Chapter 5 Forecasting Methodology
...
Diagrams
Diagram 1. Dynamics of the volume of the market for design services, 2016-2020, billion Rs.
Figure 2. Stage of the life cycle of the design services market
Diagram 3. Dynamics of the population of India, as of January 1, 2012-2021, million people, %
Diagram 4. Dynamics of real incomes of the population of India, 2012-2021 (Q1), % to the previous year
Diagram 5. The volume of consumption in the market of design services per capita, 2016-2020, Rs./person
Diagram 6. Profitability of profit before tax (profit of the reporting period) in the design services industry in comparison with all sectors of the Indian economy, 2016-2020, %
Diagram 7. Current liquidity (total coverage) for the design services industry for 2016-2020, times
Diagram 8. Business activity (average term of receivables turnover) in the field of design services, for 2016-2020, days days
Diagram 9. Financial sustainability (security of own working capital) in the field of design services, in comparison with all sectors of the Indian economy, 2016-2020, %
Chart 10. Dynamics of India's GDP, 2012-2020, Q1 2021, % to the previous year
Chart 11. Monthly dynamics of the US dollar against the rupee, 2016-2021 (Jan-Jun), Rs. for 1 US dollar
Diagram 12. Dynamics of the commissioning of residential and non-residential buildings in India, 2010-2020, thousand buildings
Diagram 13. Structure of commissioning of non-residential buildings by type, 2018-2020, %
Diagram 14. Population forecast for India, for the period 2022-2025, million people
Diagram 15. Dynamics of the volume of mortgage lending, 2019-2021 (Jan.-Jun.), at the beginning of the month, billion Rs.
Diagram 16. Dynamics of the weighted average rate for residential mortgage lending, 2019-2021 (Jan.-Jun.), %
Diagram 17. Shares of the largest competitors in the design services market in 2020, %
Diagram 18. Dynamics of the total revenue of the largest operators of the design services market (TOP-5) in India, 2016–2020, billion Rs.
Diagram 19. Compactness of location of companies in the industry in certain regions in 2020, %
Diagram 20. Forecast of the volume of the design services market in 2021-2025, billion Rs.
Tables
Table 1. Gross margin of the design services industry in comparison with all sectors of the Indian economy, 2016-2020, %
Table 2. Absolute liquidity of the design services industry in comparison with all sectors of the Indian economy, 2016-2020, times
Table 3. Consumer price indices in the design services market in India in 2016-2021 (Q2), %
Table 4. Average prices in the market for design services in the Union Territories in 2020, million Rs.
Table 5. Projections from various sources of real GDP in India in 2020-2023 (base scenario), %
Table 6. Investments in fixed capital in the industry (in actual prices), ""Construction"", 2016-2020, billion Rs.
Table 7. Weighted average interest rates of credit institutions on credit operations in rupees, excluding PJSC Sberbank (% per annum), 2016-2021 (Jan-April)
Table 8. STEP analysis of factors influencing the design services market
Table 9. Main companies participating in the design services market in 2020
Table 10. Assessment of the impact of recent crises on the industry
Table 11. Analysis of the impact on the industry of the state aid proposed to date
Table 12. Forecast indicators of the development of the Indian economy in 2021-2024, %
Table 13. Controlled indicators within the framework of the ""road map"" in the field of engineering and industrial design until 2025, units rev.
Table 14. Forecast indicators (baseline and conservative scenario) of India's Construction and Housing Development Strategy 2035, 2020-2030
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