In 2023, the turnover for architectural services in Italy stood significantly higher than the forecasted values, marking the beginning of a declining trend.
Forecasted turnover shows a gradual decline: from 2.24 billion Euros in 2024, reducing annually to 1.97 billion Euros by 2028. This represents a continuous annual decrease in turnover, indicating industry contraction.
Year-on-year analysis shows diminishing turnover percentages, leading to a Compound Annual Growth Rate (CAGR) that underscores a negative trend over the five-year period.
Future trends to watch for:
- Impact of economic policies on infrastructure projects
- Technological advancements and their adoption in architectural practices
- Sustainable and green design trends influencing market demand
