About Luxury Interior Design
Increased disposable income has led to an increase in comfort and luxury. The demands for luxury interior design among the homes, hotels, and spas have increased exponentially in the last few years. From living rooms to the kitchen and bathroom, the luxury design is getting rapid popularity among the consumers. Luxury interior design is done with very detailing of each corner and using a personal touch. Harm-free materials play a key role in luxury interior design.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key players are focusing on product innovation, developing new flavors, and formulations that cater to evolving consumer preferences. They are also expanding their distribution channels to supermarkets, convenience stores, and online platforms, ensuring that their products are accessible to a wide customer base. Additionally, major companies are investing in effective marketing and branding campaigns, emphasizing the taste, nutritional benefits, and quality of their products. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Luxury Interior Design market throughout the forecasted period. Established and emerging Vendors 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 (United States), HBA (United States), Perkins+Will (United States), Jacobs (United States), Stantec (Canada), IA Interior Architects (United States), Callison (United States), Nelson (United States) and Leo A Daly (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SOM (United States), HKS (United States), DB & B (Singapore), Cannon Design (United States), NBBJ (United States), Perkins Eastman (United States), AECOM Technology (United States), Wilson Associates (China), M Moser Associates (China), SmithGroupJJR (United States) and Areen Design Services (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Luxury Interior Design market by Type (Residential, Commercial and Others), Application (Newly Decorated and Repeated Decorated) and Region.
On the basis of geography, the market of Luxury 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).
Influencing Trend:
Today’s Luxury Homes Feature Accents and Materials That Are as Great for the Earth and Its Creatures
Market Growth Drivers:
Rising Disposable Income of an Individual and Growing Demand for Luxury among the Commercial Spaces such as Hotels and Spas
Restraints:
High Interior Designing Cost Hampers The Growth
Opportunities:
Developing Nations are expected to Lucrative Opportunities for the Market
Market Leaders and their expansionary development strategies
In March 2024, Interior Design Masters, Alan Carr welcomes ten novice designers looking for their big break in the world of commercial interior design. Over eight weeks they will be competing to win a collaboration contract with a global homeware brand to produce their own line of home furnishings. Design expert and former editor of Elle Decoration Michelle Ogundehin returns as the series judge.
In October 2019, Leading hospitality interior designers Su Doggett and Carl Simmonds have joined the London studio of global architectural firm HKS as Principal and Director – Hospitality Interiors, and Design Director Hospitality Interiors, respectively. This marks a significant step for HKS, introducing interiors into the London office alongside existing architectural, urban design, master planning and landscape design capabilities.
Key Target Audience
Luxury Interior Design Companies, Luxury Interior Design Raw Material Suppliers, Potential Investors, Regulatory & Government Bodies, End Users 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.