Interior Design Services Industry Overview
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
|CAGR:||> 4 %|
*Disclaimer: Major Players sorted in no particular order
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Interior Design Services Market Analysis
During the COVID-19 pandemic, our attitude toward our home has changed significantly, affecting the entire interior design market. And according to the American Society of Interior Designers, 51% of designers have already adjusted to the new norm. The pandemic has dramatically changed consumption habits, as it happened during the previous one in 1918: People started to redesign their kitchens, bedrooms, and bathrooms.
Over the two years of the pandemic, more and more people began to visualize their living spaces, so brands started adopting AR technologies not as a gimmick but as a viable alternative to showcase their products and offerings. One of the most obvious applications is simply allowing consumers to place furniture in their current homes to see how it feels.
Globally, investments in real estate are increasing. Commercial real estate and co-working spaces are the most popular market investments. Interior design services will be demanded as the real estate market expands in the future. Many countries are strengthening their investments in tier 1 and tier 2 cities, which is boosting the number of interior designers in these cities around the world. Several architecture businesses are venturing into interior design. The interior design industry is primarily concentrated in urban areas.
China and Japan's massive construction industries are responsible for a significant percentage of the increase in the use of interior design solutions. Hotels and resorts updated their ancient buildings in readiness for the Olympic Games bringing in millions of foreign guests. Japan is one of the largest and fastest-growing markets for Finnish companies specializing in furniture and other interior design products, owing to the country's increased demand for interior design.
Interior Design Services Industry Segments
The interior design services market report provides an overview of the market with an exhaustive analysis of current market advancements. The report also focuses on the trends in production and consumption data of the product, policies and plans, cost structures, and manufacturing processes. Moreover, the company profile of the key manufacturers, along with a thorough analysis of the competitive landscape, is also provided.
The Interior Design Services Market is segmented by Type (Newly Decorated and Repeated Decorated), End User (Commercial and Residential), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East, and Africa). The report offers market size and forecasts for the Global Interior Design Services Market in value USD billion for all the above segments.
|By End User|
|Middle-East and Africa|
Interior Design Services Market Trends
This section covers the major market trends shaping the Interior Design Services Market according to our research experts:
Commercial Segment is Dominating the Interior Design Services Market
Government initiatives for public infrastructure in construction projects are playing a key role in driving the growth of the market. Investments in the construction of smart cities, airports, and commercial buildings by governments across the globe are driving the demand for smart planning and technology-integrated interior design services.
The popularity of co-working offices is expected to fuel the demand for innovative interior design, which includes sustainable and wellness-focused designs, recreational activity areas, and advanced IT infrastructure. Thus, the demand for integrated solutions from commercial space is likely to drive the growth of the integrated design services market.
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Asia-Pacific is Fastest Growing Region for the Interior Designing Services Market
The Asia-Pacific region is expected to be holding a high share of the interior designing services market. In APAC, China, Japan, and India are the most important markets for interior design services. The market in this region will increase at a quicker rate than the market in other regions. Increasing construction in developing countries, such as China and India, may contribute to the growth in the region. China's economy is expected to grow the highest because of changing global scenario in the market and its aspiring business and its astute leaders.
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Interior Design Services Market Competitor Analysis
The interior design service market is fragmented in nature, as many players in the global market are trying to capture the market. Competition in the market has intensified due to the difference in the pricing of services in the market. Designers find it challenging to build a client base as young people pay less attention to interior designs. Also, many people themselves are indulging in designing homes in the market.
Interior Design Services Market Top Players
Jacobs Engineering Group Inc.
Perkins and Will
*Disclaimer: Major Players sorted in no particular order
Interior Design Services Market Recent Developments
- In May 2022, interior designer startup Havenly introduced IRL services, A digital interior design startup that’s been offering online services and is bringing its interior design expertise into the real world. The biggest difference between Havenly’s in-home services is that the designer will tour your space IRL, take measurements and make sure that everyone is on the same page before they send over a virtual design through digital layouts and 3D renderings.
- In March 2022, female-owned Modsy, a leading online interior design firm, launched a first-of-its-kind virtual renovation design service that will use 3D technology so customers can visualize and virtually walk through every detail of their project.
Interior Design Services Market Report - Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.5 Insights on Changes in Consumer Behavior in the Market
4.6 Insights on Government Regulations in the Market
4.7 Insights on Technological Advancements in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By End User
5.2 By Type
5.2.1 Newly Decorated
5.2.2 Repeated Decorated
5.3 By Geography
5.3.1 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.3 Jacobs Engineering Group Inc.
6.2.4 Perkins and Will
6.2.5 Stantec Inc.
6.2.6 Areen Design Services Ltd
6.2.7 IA Interior Architects
6.2.8 Cannon Design
6.2.9 Hirsch Bedner Associates
6.2.10 NELSON & Associates Interior Design and Space Planning Inc.
6.2.11 Others (Perkins Eastman, Gold Mantis Technical Works LLC)*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Interior Design Services Market Research FAQs
What is the study period of this market?
The Interior Design Services Market market is studied from 2018 - 2027.
What is the growth rate of Interior Design Services Market ?
The Interior Design Services Market is growing at a CAGR of >4% over the next 5 years.
Which region has highest growth rate in Interior Design Services Market ?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Interior Design Services Market ?
North America holds highest share in 2021.
Who are the key players in Interior Design Services Market ?
Aecom, Gensler, Jacobs Engineering Group Inc., Perkins and Will, Stantec Inc. are the major companies operating in Interior Design Services Market .
Interior Design Services Industry Reports
In-depth industry statistics and market share insights of the Interior Design Services Market sector for 2020, 2021, and 2022. The Interior Design Services Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Interior Design Services Market report PDF.