Overview and Scope
Interior design services refer to professional services provided by trained and experienced individuals or firms to plan, design, and execute interior spaces according to the functional needs and aesthetic preferences of clients. These services encompass a range of activities aimed at creating visually appealing, functional, and harmonious interior environments that enhance the quality of life or support the objectives of businesses.
Sizing and Forecast
The interior design services market size has grown strongly in recent years. It will grow from $121.17 billion in 2023 to $128.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to increased home sales, evolving lifestyles, increasing consumer awareness, fluctuations in the housing market, and increased spending on interior design services.
The interior design services market size is expected to see strong growth in the next few years. It will grow to $164.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to projected economic expansion, aging population, shift towards remote work, growing awareness of the impact of interior environments, and ongoing digital transformation. Major trends in the forecast period include a growing preference for virtual interior design, integration of technology tools, increased focus on creating interior spaces, increasing interest in outdoor living spaces, and smart home technology integration.
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Segmentation & Regional Insights
The interior design services market covered in this report is segmented –
1) By Type: Newly Decorated, Repeated Decorated
2) By Specialized Interior Design Services: Hospitality Interior Design, Healthcare Interior Design, Retail Interior Design, Office Interior Design, Restaurant Interior Design, Event And Exhibition Design
3) By End User: Commercial, Residential
North America was the largest region in the interior design services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interior design services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing construction industry is expected to propel the growth of the interior design services market going forward. The construction industry encompasses all activities involved in planning, designing, constructing, and maintaining structures, infrastructure, and buildings. The construction industry is rising due to increasing urbanization, infrastructure demands, and investment in real estate and public works projects. Interior design services are increasingly utilized in construction to create aesthetically pleasing and functional indoor spaces that align with clients’ preferences and needs. For instance, in December 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, a US-based government administration, construction spending during October 2023 was at a seasonally adjusted annual rate of $2,027.1 billion, which is 0.6% higher than the revised September estimate of $2,014.7 billion. During the first ten months, construction spending amounted to $1,646.0 billion, which is 5.6% higher than the $1,559.1 billion for the same period in 2022. Therefore, the growing construction industry is driving the growth of the interior design services market.
Key Industry Players
Major companies operating in the interior design services market are Jacobs Engineering Group Inc., AECOM Technology Corporation, Stantec Inc., Arcadis NV, SmithGroup Ltd., HDR Inc., Gensler, Perkins And Will Inc., Arcadis IBI Group, Nelson Worldwide Holdings Inc., Hirsch Bedner Associates Inc., HOK Group Inc., Foster + Partners Group Ltd., CallisonRTKL Inc., Cannon Design Inc., Perkins Eastman Inc., ZGF Architects LLP, Woods Bagot Architects Pty Ltd, Samoo Architects And Engineers Co. Ltd., IA Interior Architects , Areen Design Services Ltd., Rockwell Group LLC, Yabu Pushelberg, Avroko Design LLC , Rapt Studio Inc.
The interior design services market report table of contents includes:
1. Executive Summary
2. Interior Design Services Market Characteristics
3. Interior Design Services Market Trends And Strategies
4. Interior Design Services Market – Macro Economic Scenario
5. Global Interior Design Services Market Size and Growth
…..
32. Global Interior Design Services Market Competitive Benchmarking
33. Global Interior Design Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Interior Design Services Market
35. Interior Design Services Market Future Outlook and Potential Analysis
36. Appendix
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