Industry Statistics and Rankings
How does this industry perform in Latvia compared to Europe?
Country Benchmarking
Industry Data Latvia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#25 In EuropeBusiness
#26 In EuropeEmployees
#26 In EuropeWages
#23 In EuropeRevenue in the Specialised Design Activities industry in Europe is anticipated to decline at a compound annual rate of 0.8% over the five years through 2024 to €50.9 billion. Revenue has proved volatile, as advertising companies have propped up revenue while falling demand for home renovations and manufacturing activity has limited sales. The COVID-19 outbreak’s lasting effect on economic stability has also held designers back, with lacklustre business and consumer sentiment warding off large expenditure on specialised design activities.
Enterprises
Number of businesses in 2024
Biggest companies in the Specialised Design Activities in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Specialised Design Activities in Latvia industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Specialised Design Activities industry in Latvia in 2024?
The market size of the Specialised Design Activities industry in Latvia is €57.3m in 2024.
How many businesses are there in the Specialised Design Activities in Latvia industry in 2024?
There are 934 businesses in the Specialised Design Activities industry in Latvia, which has grown at a CAGR of 6.9 % between 2019 and 2024.
Has the Specialised Design Activities industry in Latvia grown or declined over the past 5 years?
The market size of the Specialised Design Activities industry in Latvia has been growing at a CAGR of 4.0 % between 2019 and 2024.
What is the forecast growth of the Specialised Design Activities industry in Latvia over the next 5 years?
Over the next five years, the Specialised Design Activities industry in Latvia is expected to grow.
What does the Specialised Design Activities in Latvia include?
Graphic design and Industrial design are part of the Specialised Design Activities industry.
How competitive is the Specialised Design Activities industry in Latvia?
The level of competition is high and steady in the Specialised Design Activities industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Software Development in Latvia
- Advertising Agencies in Latvia
Complementors
- Architectural Activities & Engineering Services in Latvia
- Photographic Activities in Latvia
International industries
Table of Contents
About this industry
Industry definition
Companies in this industry specialise in designing clothing, fashion, accessories and other goods. Graphic design and interior design are included in the industry.
Related Terms
FREELANCERCONSUMER DURABLE GOODS INTERIOR DESIGNWhat's included in this industry?
Graphic design Industrial design Interior design Fashion designCompanies
Industry Code
741 - Specialized design activities in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Specialised Design Activities in Latvia industry?
Outlook
Analysis
What's driving the Specialised Design Activities in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Specialised Design Activities in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Specialised Design Activities in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Hybrid work edges out interior designers. The rise of hybrid work models is seeing companies think twice about their extensive, well-designed office spaces, cutting the ned for interior design services.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Specialised Design Activities in Latvia industry's products and services performing?
Analysis
What are innovations in the Specialised Design Activities in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Specialised Design Activities in Latvia industry?
International Trade
Highlights
- Total Imports into Latvia
- Total Exports into Latvia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Larger companies undertake consolidation efforts. Prominent specialised design companies have acquired smaller businesses to expand their reach and presence across Europe.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Specialised Design Activities in Latvia located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Most regulations affecting designers are indirect. Designers must comply with the regulatory requirements of the industries they provide services for. For example, interior designers must consider the same building and safety codes as architects and engineers.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Specialised Design Activities in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Intense competition exerts pressure on prices and profitability. Specialist designers that offer a comprehensive range of services can set themselves apart from the competition, allowing them to charge higher prices and generate stronger returns.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Specialised Design Activities in Latvia industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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