About Interior Design
In Current Scenario, Interior design is a platform that blends creative expression with practical application in residential and commercial housing. Interior design market is expected to mark significant growth over forecasted period owing to beneficial for furniture and furnishings, color palettes, materials and finishes, and drawings. In addition, Interior design is used for Residential and Commercial applications for better performance and feasibility. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the industrial and construction. Further, increasing demand for the urbanization products expected to drive the market growth over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Interior Design market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Gensler (United States), Gold Mantis (China), HOK (India), HBA (United States), Perkins+Will (United States), Jacobs (United States), Stantec (Canada) and IA Interior Architects (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Callison (United States), Nelson (United States) and Leo A Daly (United States).
Segmentation Overview
AMA Research has segmented the market of Global Interior Design market by Type (Newly decorated and Repeated decorated), Application (Residential, Commercial and Others) and Region.
On the basis of geography, the market of Interior Design has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sources, the sub-segment i.e. Renewable Sources will boost the Interior Design market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand in Europe Region. and Value Oriented Customers
Market Growth Drivers:
Increase Demand Due to Residential Application. and Growing Urbanization and Digitalization.
Challenges:
Fluctuation Of Materials Cost Is Anticipated To Challenge The Market.
Restraints:
Lack of Awareness among the Customers. and Stringent Government Intervention Hamper the Global Market.
Opportunities:
Proliferation Due to Smart Cities Revolution. and Upsurge Demand Due to Research and Development of Interior Design Products.
Market Leaders and their expansionary development strategies
In February 2019, Chairish acquired Dering Hall. This acquisition is beneficial in providing better high end home décor, furniture and art. It is also offer online marketing platform for interior designers and to-the trade companies that supply designers exclusive products.
In September 2023, Zinoti, is thrilled to announcethe grand opening of its flagship experience store, nestled in the heart of Indiranagar, Bangalore. This innovative and immersive space is set to redefineinterior design, offering a comprehensive range of bespoke solutions that transform livingspaces into a reflection of individual personality.
“According to American Society of Interior Designers (ASID), the regulation continues to push for stricter licensing regulations all over the United States. In all the states that license interior designers, it is easier to become a licensed emergency medical technician (EMT), an occupation that requires workers to literally hold lives in their hands.”
Key Target Audience
Interior Design Manufacturers, Interior Design Traders, End-Use Market Participants of Different Segments of Interior Design, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.