Market Size of India Interior Design Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 18.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Interior Design Market Analysis
India's Interior Design Market generated a revenue of USD 22.21 billion in the current year, and it is expected to witness a CAGR of 18% during the forecast period.
The art, science, and practice of comprehending, organizing, and embellishing the internal architecture of man-made places are collectively referred to as interior design. It entails abstract development, site verification, research, programming, administration of the construction site, projection of space, and design implementation. Interior designers carry out these duties to create cozy, useful, and aesthetically pleasing spaces by analyzing internal building requirements and choosing decorative elements like color schemes, lighting, and other materials. Additionally, it improves space efficiency and functional usage, which contributes to its widespread use in residential and commercial infrastructures. In the Indian market, the interior design industry is expanding quickly.
The planning, designing, and decorating of interior spaces in India is done by interior designers, architects, tradespeople, and educators. The expanding Indian real estate industry, expanding population, increasing income levels, and urbanization are all blamed for the increase in interior design. Smart houses, the impact of social media, and changes in the living standards and lifestyle of the populace are other elements that contribute to an increase in demand for interior design services. For their homes and businesses, people are picking designs with a theme. Numerous trends are becoming more popular nowadays, including the Mediterranean Style, the European Style, and the Ethnic Indian Style of Design and Decor. In order to make homes even more technologically advanced, new innovations are being developed. The interior design industry is being disrupted by virtual reality, which has made the process of visualizing and experimenting easier for both clients and designers. However, the price of using this technology makes it unsuitable for industry adoption. High gestation durations for projects are among the constraints limiting industry growth.
Post-COVID-19, the interior design industry made great strides to mitigate the loss suffered by the industry during the lockdown period. The extensive use of technology during this period helped the industry revive to a great extent. While the designers relied on technology even in the pre-COVID-19 times, the outbreak of COVID-19 further gave them a push. The implementation of virtual design and 3D rendering has enabled the designing industry to effectively address consumer expectations. Additionally, the implementation of a virtual walkthrough process has enabled clients to gain a better understanding of their desired interiors. This concept is expected to become increasingly popular in the period following the COVID-19 pandemic, as it eliminates the need for physical site visits and facilitates meetings. Furthermore, the virtual walkthrough is the most secure method of ensuring that briefs are incorporated without any errors. India is poised to be the epicenter of global growth that calls for larger infrastructure and construction. This has driven the demand for innovative interior designers who are adaptable to changing trends and demands.
