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).

Global Interior Design Services Market Size, Share, Growth Analysis, By Design Type(Newly Decorated, Repeated Decorated), By Application(Residential, Commercial) - Industry Forecast 2024-2031

Report ID: SQMIG25R2021 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 62 | Figures: 75

Global 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.

Global Interior Design Services Market Report Snapshots

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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 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.

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 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.

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Global Interior Design Services Market Size, Share, Growth Analysis, By Design Type(Newly Decorated, Repeated Decorated), By Application(Residential, Commercial) - Industry Forecast 2024-2031

Global Interior Design Services Market Insights

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