About Interior Design Services
Interior design is said to be the art and science of turning the interior of a building or home or any space into a healthier and more elegant environment for the people who would be using the space. Interior designing is a major part wherein a customer or client would want to entirely redecorate a home or workspace or would want a perfect looking piece of furniture for a particular room. To bring out the value of homes and other spaces, it is very much necessary to get along with the best interior design services. An accurate and well-decorated house can very easily show the taste, standard, lifestyle and can also offer an individual interesting set of services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are exploring new geographies and industries through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Interior Design Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stantec (Canada), CallisonRTKL (United States), Cannon Design, Inc (United States), Gensler (United States), Gold Mantis (China), HOK (United States), Hirsch Bedner Associates (United States), Perkins and Will (United States), Interior Architects (United States), NELSON Worldwide, LLC (United States), SKIDMORE, OWINGS & MERRILL LLP (United States), DB & B Pte Ltd (Singapore), NBBJ (United States), Perkins Eastman (United States), SmithGroupJJR (United States) and Areen Design Services (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Leo A Daly (United States), HKS Inc (United States), Wilson Associates (United States) and M Moser Associates (China).
Segmentation Overview
AMA Research has segmented the market of Global Interior Design Services market by Type (General Interior Design Consultations, Detailed Interiors Concept Designs, Complete Project Design and Coordination, Room Make-Over, Home Staging, Mood Boards and Telephonic Conversations), Application (Construction and Renovations, Painting and Polishing, Space Management, Themed Spaces and Interior Decorations) and Region.
On the basis of geography, the market of Interior Design Services 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). If we see Market by Design Type, the sub-segment i.e. Newly Designed will boost the Interior Design Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Residential will boost the Interior Design Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Service, the sub-segment i.e. Online will boost the Interior Design Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
A Rise in Disposable Income, The Growing Trend of Personalized and Customized Interior Designing Has Prompted Interior Designers to Offer Innovative Designs Which Maximize Space and Ensures No Wastage and Rising Demand for Such Commercial and Residential Spaces That Are Equipped With Damage Resistant Features and Spaces
Market Growth Drivers:
Growing Awareness about Interior Designing and the Services Provided, Increase in the Spending On Practical, Manageable, Stylish and Technical Spaces and Growth in Developed and Developing Nations
Challenges:
High competition and low barriers to entry
Restraints:
High Costs, High Maintenance and Delicacy Regarding the Designs
Opportunities:
Rapid Expansion of the Construction Sector and Growing Standard of Living, Growing Global Smart City Initiatives Attracting Huge Technology Investments and Increase in Residential and Commercial Building Tie-Ups with Governmental Expenditures on Infrastructural Development
Market Leaders and their expansionary development strategies
In February 2022, Havenly, the largest online interior design service, announced today it has acquired The Inside, a direct-to-consumer home furnishings brand that has grown nearly 600% in the past two years. The Inside unlocks access to made-to-order, customization options, historically only available at luxury prices. By combining two of the industry's fastest growing and beloved brands, the acquisition paves the way to create an innovative design ecosystem which will serve new and existing customers in exciting new ways.
In December 2022, Home improvement firm Livspace has launched Livspace for Business to provide interior design services to corporates. This segment will cater to offices, retail, hospitality, and warehouses and will help the company expand its business-to-business (B2B) vertical.
Key Target Audience
Companies Providing Interior Design Services, Construction Industry, Architecture Industry, Regulatory Bodies and Governmental Bodies
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.