India Design Services Market Forecast
The relevance of research
The result of the design is a set of documentation intended for the implementation of capital construction, reconstruction, expansion, restoration of any real estate object. Architectural and construction design is part of the process of building engineering, which implies the implementation of construction activities from project development to the complete completion of the facility.
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 the construction of an object. The result of the design is...
Architectural and construction design is part of the process ...
When conducting construction design, work can be divided into two parts:
...
The stages of building design include:
...
At the end of 2021, the volume of the design services market amounted to … billion Rs. Industry … but is important …
1.2. Growth rates of the design services market
When assessing the volume and dynamics of the design services market in India, data on ..., as well as financial indicators ...
Diagram 1. Dynamics of the volume of the market for design services, 2016-2021, billion Rs.
The volume dynamics of the design services market 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 …% more compared to 2019. The slowdown in growth rates is associated with a decrease in …
According to the results of 2021, there is an increase in …, the increase in the volume of the design services market is estimated at …% compared to 2020. One of the reasons for the recovery of the market is the increase in launch ...
1.3. Design Services Market Trends
Consider the main trends in the design services market:
...
1.4. The main problems of the industry
Design activities are an integral part of the construction industry. Designing creates a model of the future investment object and determines its attractiveness in terms of the effectiveness of investment resources. Being an intermediate stage between scientific developments and construction, it affects the technical progress and efficiency of the building complex.
Speaking about the factors and problems that limit the activities of design organizations, it is important to take into account the problems of the entire construction industry.
- ...
- Rising cost...
- ...
- Scarcity...
- ...
- Changes in the law on...
- Tightening…
- ...
1.5. The stage of the life cycle of the market for design services
In general, the building design industry is in the stage of ..., which requires updating and systematization ...
The main task of the stage ...
To further develop the field of design, ...
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).
During the period 2013-2018, ... The increase by …% in 2015 compared to 2014 was due, in addition to natural growth and growth due to migration, by joining …
According to Rosstat, due to the COVID-19 pandemic, the population of India decreased by … people in 2020.
As of January 1, 2022, the population amounted to … million people, which is …% less compared to the previous period. It …
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 …
According to Rosstat, as a result of the crisis caused by the pandemic, real disposable cash income decreased by …% in 2020. At the end of 2021, there is …
...
1.7. Estimated consumption per capita
The volume of consumption of design services per capita is determined by GidMarket from the ratio ...
The dynamics of consumption in the design services market over the period under review tends to ... In 2021, the indicator is estimated at … Rs./person, which is …% higher than in 2020 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 data for …
Gross margin serves as an assessment of the economic efficiency of an enterprise, which reflects ...
During the period under review, the dynamics of the gross margin indicator in the design services industry had ... character - ... At the end of 2021, the gross margin of the design services industry in India is estimated at ...%, which is at the level of ... the same financial indicator for the Indian economy as a whole by .. p.p.
Diagram 7. Profitability of profit before tax (profit of the reporting period) in the design services industry in comparison with all sectors of the Indian economy, 2017-2021, %
Profitability before tax in the design services industry for the period from 2017 to 2021 ranged from …% to …%. At the same time, it was ... an indicator for all sectors of the Indian economy (with the exception of ... a year).
Consider the liquidity ratios in the design services industry. The current liquidity ratio is a measure of...
The estimated indicator of current liquidity of a normally operating solvent legal entity should be ...
...
At the same time, in world practice, the optimal coefficient is considered to be in the range from …
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 which part...
The normal value of the absolute liquidity ratio ranges from ... Such a value of the absolute liquidity ratio means that ...
During the period under review, the indicator for all sectors of the Indian economy did not fall below ..., which indicates ... In the design services industry, this indicator ...
Business activity is the ability of an enterprise based on the results of its economic activity ...
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 2017 to 2021 had … character. Compared to 2017, the indicator increased in 2021 by …, which is … a trend.
...
The equity ratio characterizes the availability of own working capital of the enterprise, necessary for ...
The final working capital ratio for all sectors of the economy in India in 2017-2019 shows a trend towards ... The indicator for the considered industry of design services ... of the normative value ...% during the entire period, however, tends to ...
Thus, at the end of 2021, the indicators ...
1.9. Price analysis
The dynamics of prices in the market of design services is due to …
During the entire period, prices for design services were growing - CPI …%. 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 …
Average prices in the design services market in 2021 are determined by …
Table 4. Average prices in the market for design services in the Union Territories in 2020, million Rs.
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 … federal district – … mln Rs.
The cost of design services depends on ...
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
…
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.
Table 7. STEP analysis of factors influencing the design services market
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)
Consider the level of competition depending on the scale.
According to …, the share of India in the world export of construction services is on average 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 ... However, by 2035 it is planned ...
The main competition is concentrated at the … level, because …
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, organizations offer their services, which can be divided into three categories depending on the list of services provided:
...
The Unified Register of Self-Regulatory Organizations today lists ... active self-regulatory organizations in the field of building design, based on membership ...
...
Among the leaders of the Indian market of design services are JSC “…”, JSC “…”, JSC…
Estimation of the shares of the largest competitors in the design services market in India is based on …
Diagram 18. Shares of the largest competitors in the design services market in 2021, %
According to the results of the analysis, the main market participants are JSC “…” with a share of …%, JSC “…” with a share of …%, JSC …
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 … nature - an indicator annually ... In 2021, it is estimated at … billion Rs., which is …% higher than the value of 2020. 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 volumes of revenue of design organizations in the union territories and their shares in the total market volume were considered.
Diagram 20. Compactness of location of companies in the industry in certain regions in 2018-2021, %
The … federal district traditionally leads the market, holding a share of at least …% during the period under review. The second place in 2021 is occupied by … Union Territories with a share of …%, followed by … Union Territories (…%), whose share is …
...
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 2021 and ...% - from ... to the Union Territories. Leadership ... is explained by the fact that ...
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 construction industry is one of the key fund-creating industries, on which the formation of the Indian economy largely depends. Construction sector…
The market for design services depends directly on ...
In a crisis, the dependence of designers on customers and builders ...
...
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.
Table 10. Analysis of the impact on the industry of the state aid proposed to 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
The forecast belongs to the medium-term category - 5 years (2022-2026)
Diagrams
Diagram 1. Dynamics of the volume of the market for design services, 2016-2021, billion Rs.
Diagram 2. Events in 2021 that had or will have the greatest negative impact on the construction business in the future (according to the survey), %
Figure 3. Stage of the life cycle of the design services market
Diagram 4. Dynamics of the population of India, as of January 1, 2013-2022, million people, %
Diagram 5. Dynamics of real incomes of the population of India, 2013-2021, % to the previous year
Diagram 6. The volume of consumption in the market of design services per capita, 2016-2021, Rs./person
Diagram 7. Profitability of profit before tax (profit of the reporting period) in the design services industry in comparison with all sectors of the Indian economy, 2017-2021, %
Diagram 8. Current liquidity (total coverage) for the design services industry for 2017-2021, times
Diagram 9. Business activity (average term of receivables turnover) in the field of design services, for 2017-2021, days days
Diagram 10. Financial sustainability (security of own working capital) in the field of design services, in comparison with all sectors of the Indian economy, 2017-2021, %
Diagram 11. Dynamics of India's GDP, 2013-2021, % to the previous year
Chart 12. Monthly dynamics of the US dollar against the rupee, 2017-2022 (Jan.-Feb.), Rs. for 1 US dollar
Chart 13. Dynamics of the commissioning of residential and non-residential buildings in India, 2010-2021, thousand buildings
Diagram 14. Structure of commissioning of non-residential buildings by type, 2018-2021, %
Diagram 15. Population forecast for India, for the period 2022-2025, million people
Diagram 16. Dynamics of the volume of mortgage lending, 2020-2022 (Jan.-Feb.), at the beginning of the month, billion Rs.
Diagram 17. Dynamics of the weighted average rate for residential mortgage lending, 2019-2021 (Jan.-Jun.), %
Diagram 18. Shares of the largest competitors in the design services market in 2021, %
Diagram 19. Dynamics of the total revenue of the largest operators of the design services market (TOP-5) in India, 2016-2021, billion Rs.
Diagram 20. Compactness of location of companies in the industry in certain regions in 2018-2021, %
Diagram 21. Forecast of the volume of the design services market in 2022-2026, billion Rs.
Tables
Table 1. Gross margin of the design services industry in comparison with all sectors of the Indian economy, 2017-2021, %
Table 2. Absolute liquidity of the design services industry in comparison with all sectors of the Indian economy, 2017-2021, times
Table 3. Consumer price indices in the design services market in India in 2017-2021, %
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 ""Construction"" sector (in actual prices), 2016-2021, billion Rs.
Table 7. STEP analysis of factors influencing the design services market
Table 8. Main companies participating in the design services market in 2021
Table 9. Assessment of the impact of recent crises on the industry
Table 10. Analysis of the impact on the industry of the state aid proposed to date
Table 11. Forecast indicators of the development of the Indian economy in 2021-2024, %
Table 12. Controlled indicators within the framework of the ""road map"" in the field of engineering and industrial design until 2025, units rev.
Table 13. Forecast indicators (baseline and conservative scenario) of India's Construction and Housing Development Strategy 2035, 2021-2030
All reports