What is the global market size of Interior Design Services Market?

Global Interior Design Services Market size was valued at USD 42 billion in 2021 and is poised to grow from USD 45.1 billion in 2022 to USD 79.6 billion by 2030, growing at a CAGR of 7.4% in the forecast period (2023-2030).

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 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.

Interior Design Services Market Report Snapshots

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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).

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. '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'

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 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.

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.

Based on the region, the North American region currently dominates the 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.

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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

Interior Design Services Market Regional Insights

Interior Design Services Market Report Snapshots

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