The turnover of architectural services in Italy is projected to decline progressively from 2024 through 2028. Starting at 2.17 billion Euros in 2024, the forecast indicates a decrease to 1.87 billion Euros by 2028. In comparison, the turnover stood at 2.25 billion Euros in 2023, marking a noticeable downward trend over the forecast period.
Year-on-year variations show a consistent decline as follows:
- 2024 vs 2023: -3.56%
- 2025 vs 2024: -3.68%
- 2026 vs 2025: -3.35%
- 2027 vs 2026: -3.47%
- 2028 vs 2027: -4.10%
The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately -3.63%, suggesting an average annual decline in turnover.
Future trends to watch for include potential recovery driven by innovation in sustainable architecture, digital transformation, and government investments in infrastructure. Monitoring these factors could provide insights into a potential rebound in the industry.
