USD 42 billion
Interior Design Services Market Size, Share, Growth Analysis, By Design Type(Newly Decorated, Repeated Decorated), By Application(Residential, Commercial, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25R2021 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|Tables:
62
|Figures:
75
Interior Design Services Market Insights
Global Interior Design Services Market size was valued at USD 42 billion in 2019 and is poised to grow from USD 45.1 billion in 2023 to USD 79.6 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).
Interior design is a broad field where creative and technology design ideas are applied to finish or improve an interior setting according to the preferences of the client. Companies that are experts in project planning, design, and management in a variety of interior environments make up the interior design sector. Interior design companies and consultants must take necessary building laws and health and safety requirements into consideration for all projects. Along with any technical or electrical needs, floor plans, furniture, and interior decor must all be taken into account by designers. The quantity of projects that interior design businesses accept, the precision of their bids, and the prompt delivery and completion of those projects all affect how profitable they are. People are choosing theme-based designs for both their workplaces and homes. Nowadays, a number of themes are growing in popularity, including the Ethnic Indian Style , European Style, and Mediterranean Style of Design and Decor. Interior design services are an example of the growing demand for smart homes, the impact of social media, and changes in living standard of people and lifestyles. As a result, the market for interior design will expand during the forecast period.
US Interior Design Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
7.4% CAGR
Global Interior Design Services Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Interior Design Services Market Segmental Analysis
The Global Interior Design Services Market is segmented based on design type, application and region. Based on Design Type, Interior Design Services Market is categorized into Newly Decorated and Repeated Decorated. Based on Application, Interior Design Services Market is categorized into Residential, Commercial, and Others. Based on region, Interior Design Services Market is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Interior Design Services Market Analysis by Application
On the basis of application, the residential segment is currently dominating the global interior design services market. The residential sector commands the global interior design market due to increased consumer income and purchasing power as well as rising home ownership rates. In the coming years, the sector will also profit from the influence and exposure of different cultures and lifestyles. The business sector is the one that is expanding the fastest due to increased worries about workplaces, which place a greater emphasis on creating physical environments and cultures that attract people.
On the other hand, the commercial segment is projected to grow significantly over the forecast period. Government programs for public infrastructure in building projects are a major factor in the market's expansion. Governments all over the world are making investments in the development of the smart cities, airports, and commercial buildings, which is increasing demand for smart planning and technology-integrated interior design services. The demand for innovative interior design, such as sustainable and wellness-focused designs, enjoyable activity areas, and cutting-edge IT infrastructure, is anticipated to increase as co-working offices become more and more popular. As a result, the market for integrated design services is projected to expand growing demands for integrated solutions from the commercial sector.
Global Interior Design Services Market By Application, 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Interior Design Services Market Regional Insights
Based on the region, the North American region currently dominates the global interior design services market. The market for interior design is dominated by North America because of regional demographic changes, cultural fusion, and new interior design technologies in the region.
On the other hand, Asia Pacific is expected to lead the market over the forecast period. The Asia-Pacific region is anticipated to account for a large portion of the market for interior design services over the forecast period. Growing construction in developing nations like China and India may support regional expansion. China's economy is predicted to grow at the fastest rate due to the market's shifting global environment, its aspirant businesses, and its savvy leaders. However, due to its multicultural population, high level of living, and growing disposable income of its citizens, North America holds the largest portion of the industry. Designers assist in developing spaces and in the search for cutting-edge ideas. Growing nuclear families and the region's immigrant population are further market-drivers.
Global Interior Design Services Market By Geography, 2022-2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Interior Design Services Market Dynamics
Interior Design Services Market Drivers
- The expansion of the commercial infrastructure sector: In the residential, commercial, government, business, and public sectors, there is an increase in construction activity. Meanwhile, a number of national governments in emerging economies are making more efforts to create customized infrastructure, which is anticipated to stimulate the construction industry and enhance the economies of these countries. The public sector's growing investment in construction projects also has a significant impact on the growth of the global interior design services market. As a result, the demand for interior design services will increase throughout the projected period due to numerous governments investing substantial sums of money in the construction of cities, airports, and other commercial facilities.
Interior Design Services Market Restraints
- The existence of unorganized players and fierce rivalry between the current players: Established suppliers are in fierce competition with one another based on a variety of factors, including distinctiveness, product portfolio, premiumization, and pricing. The market's competitors differ by the services they offer across various locations and compete on the basis of design, the designer's experience, brand experience, and service. Smaller providers of services charge lower pricing in developing regions. Big suppliers' technological innovation puts smaller businesses in a highly competitive environment. For instance, AECOM has invested in artificial intelligence, and Gensler has invested in virtual reality (VR) technology (AI). This will increase competition as new businesses enter the market and offer reduced rates, consumer convenience, and online logistics. These difficulties are impeding market expansion.
Request Free Customization of this report to help us to meet your business objectives.
Interior Design Services Market Competitive Landscape
The interior design services industry is highly fragmented due to the numerous businesses competing for market share. Due to the variations in prices of services in the market, competition has increased. Developing a clientele is difficult for designers since young people are less interested in interior design. Additionally, a lot of people are designing homes for sale themselves.
Interior Design Services Market Top Players Company Profiles
- Gensler
- HOK
- Perkins+Will
- AECOM
- Stantec
- HBA
- IA Interior Architects
- CallisonRTKL
- HKS
- Nelson Worldwide
- Wilson Associates
- Hirsch Bedner Associates (HBA)
- Woods Bagot
- CannonDesign
- SOM (Skidmore, Owings & Merrill)
- Perkins Eastman
- HDR
- SmithGroup
- NELSON
- Geyer Design
Interior Design Services Market Recent Developments
- In June 2022, Gensler, one of the key players in the global interior design services market, announced the opening of their new office in Berlin, its second in Germany, to expand its commitment to the German market and the local creative economy.
- In May 2022, AECOM, the world's most recognised infrastructure consulting organization, today announced that Digital AECOM's PlanEngageTM platform is now available in the Microsoft Azure Marketplace, an online marketplace for purchasing and selling cloud products certified to run on Azure. PlanEngage is a cutting-edge digital platform that enhances public participation and comprehension of the planning process to streamline stakeholder engagement in planning. Infrastructure owners may now use the efficient and reliable Azure cloud platform to access this interactive solution, which has simplified deployment and management.
Interior Design Services Key Market Trends
- Increasing investments in research & development and improvements in digital design technology: The execution of interior design is being improved by cutting-edge technological platforms like machine learning, VR, and AI. In order to stay competitive in the market and make interior design more productive, increase safety, and identify and fix issues, vendors are expanding their spending in research and development and opening digital design laboratories. For instance, AECOM is creating Capture, a web- and mobile-based AI-powered platform, to assist designers in bringing precision to presently clumsy, time-consuming, and subjective project management processes. Additionally, gathering data and employing machine learning to analyze it results in more precise design data and saves time. The market will grow as a result of this precision during the forecasted period.
Interior Design Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global interior design services market is currently led by countries in the North American region, due to the regional demographic changes, cultural fusion, and new interior design technologies in this region. Along with this, the commercial segment is projected to lead the market mainly due to Government programs for public infrastructure in building projects, over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 42 billion |
| Market size value in 2031 | USD 79.6 billion |
| Growth Rate | 7.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Interior Design Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Interior Design Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Interior Design Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Interior Design Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Interior Design Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Interior Design Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
