John Wood Group PLC Emerges As The Largest Company In The Design Services Market, According To TBRC's Report (Companies: John Wood Group PLC, Altran Technologies, SA, Gensler, Jacobs Engineering Group Inc And Arcadis NV.)
The global design services market was valued nearly at $153 billion in 2018. North America was the largest market for design services, accounting for around 31% of the global market in 2018. The USA is the largest country in terms of value in the design services market.
The design services market consists of sales of 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 design projects according to the client's specifications.
Design service is the process of providing a plan or drawing of an object to clients to show the look and function or workings of a building, garment, or other object before it is made.
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Design Services Market Size
The global market for design services is expected to grow at a growth rate of around 13% to nearly $250 billion by 2022.Growth in the historic period resulted from strong economic growth in emerging markets, rapid technological developments, demographic shifts, and growth in the remodeling industry. Factors that negatively affected growth in the historic period were skilled workers' shortages, and counterfeit designs.
The global market for design services is highly fragmented. Players in the market include John Wood Group PLC, Altran Technologies, SA, Gensler, Jacobs Engineering Group Inc. and Arcadis NV.
John Wood Group PLC was the largest competitor in the design services market in 2018 with around 1.25% market share. It helps to provide energy, products and services that improve the quality of lives across the globe. The company provides innovative pipeline design to wind turbine and tidal energy expertise. It is headquartered in Aberdeen, UK.
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The Design Services market is segmented by type of service and by geography.
By Service Type - The design services market can be segmented by type of service into*a) Industrial Design Services *b) Graphic Design Services *c) Interior Design Services *d) Fashion And Other Design Services
The industrial design services market was the largest segment of the design services market in 2018 at 31.9%. The interior design services market is expected to be the fastest-growing segment going forward at a CAGR of 14.5%.
By Geography - The design services market is segmented into*o North America*USA*o Western Europe*UK *Germany *France *Spain *Italy*o Asia Pacific*China *Japan *India *Australia*o Eastern Europe*Russia*o South America*Brazil*o Middle East *o Africa
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