Interior Design Services Market Share, Size, Trends, Industry Analysis Report, By Type (Newly Decorated and Repeated Decorated); By End-User; By Region; Segment Forecast, 2024- 2032
- Published Date:Jan-2024
- Pages: 114
- Format: PDF
- Report ID: PM3528
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global interior design services market was valued at USD 121.56 billion in 2023 and is expected to grow at a CAGR of 6.20% during the forecast period. The rise of smart home technology includes features such as smart lighting, voice-activated assistants, and home automation systems, presenting an opportunity for interior designers to incorporate these advanced features into their designs along with the rising prevalence among the global population regarding sustainable and customized design solutions introduced by major players, that meets their specific requirements, are among the foremost factors driving the global market growth. For instance, in November 2022, Decorilla announced the launch of its new high-end platinum interior design service package, offering joint services from industry-leading designers and project management assistance. The new platinum package blends on-site and online interior design with the help of the latest communication and tech tools.
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With people spending more time at home, there has been an increase in demand for home renovation projects. Hence, interior designers specializing in home renovation can capitalize on this trend and offer design services for tasks such as home offices, outdoor living spaces, and home gyms. Moreover, there have been several emerging trends in the market like Biophilic design, which is an approach that seeks to connect people with nature by incorporating natural elements into interior design, including features such as living walls, natural light, and natural materials like wood and stone, that is likely to contribute significantly towards the market growth.
The Interior design services market report details key market dynamics to help industry players align their business strategies with current and future trends. It examines technological advances and breakthroughs in the industry and their impact on the market presence. Furthermore, a detailed regional analysis of the industry at the local, national, and global levels has been provided.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the interior design services market. Due to the spread of the deadly coronavirus across the globe, many countries have imposed lockdowns and other necessary restrictions on the market, which has caused delays or canceled interior design projects due to economic uncertainty or logistical challenges and led to a decrease in demand for interior design services in several areas.
Industry Dynamics
Growth Drivers
The growing number of new entrants across the globe equipped with advanced technology-enabled devices and offering services like color combination, floor planning, and architectural design without any intervention of certified designers, which makes life easier for service providers and consumers, are driving the market growth rapidly. Besides this, technologies like CAD software have revolutionized the way interior designers create designs, as it allows designers to create accurate and detailed 3D models of their creations, which can be easily modified and adjusted as needed, propelling the market.
Furthermore, interior designers across the globe have impressively expanded their market reach globally with the help of utilizing e-design services, which enables them to reach out to a broader range of audiences and potential clients and also allow businesses to incur low overhead costs, streamline their workflow in a better way, and running the business flexible, that is positively impacting the growth and demand of the market.
Report Segmentation
The market is primarily segmented based on type, end-user, and region.
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By Type |
By End-User |
By Region |
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Newly decorated segment accounted for the largest market share in 2022
The newly decorated segment garnered for largest market share in 2022. The growth of the segment market can be mainly driven by the surging adoption of various new technologies like 3D printing, virtual reality, and augmented reality, which has enabled interior designers to create unique designs and visualize them in real-time, enhancing the customer experience coupled with the increasing demand for personalized, aesthetically appealing, and functional interior design services.
The emerging trend towards sustainable and eco-friendly design and the rising number of clients globally who are increasingly looking for designers who are knowledgeable about sustainable design practices and can help them create a more environmentally-friendly home as well as having the ability to provide them personalized design solutions that reflect their tastes and lifestyles is creating new growth potential for the segment market.
The repeated decorated segment is anticipated to grow at the fastest growth rate over the coming years on account increasing number of people looking for the renovation of their homes to get them an appealing look and design and are increasingly seeking for unique and tailored interior design solutions to reflect their style and preferences, leading to a rise in the demand for customized interior design services, which often involve the use of repeated decorative elements.
Residential segment is expected to gain steady growth rate during forecast period
The residential segment is expected to grow at a healthy CAGR over the course of the study period, which is highly attributable to increased consumer spending power or capacity, high demand for residential property, and constant surge in the urban population, especially in developing countries like India, China, Indonesia, and Malaysia. In addition, the rising prevalence among existing homeowners to keep up with the emerging trends and styles, as they have the freedom to restyle and redesign their interior when they require, which is not possible in commercial spaces where the designing or styling happens at a fixed point of time, which in turn, has been influencing the market growth.
The commercial segment held the maximum market share in terms of revenue in 2022, which was mainly accelerated by a significant increase in the number of construction projects and several other factors, including rising investments toward the development of smart cities, commercial buildings, and airports by both government and private organizations, that requires innovative interior design services. The rising popularity of co-working offices from the commercial space that include sustainable and wellness-focused designs, advanced IT infrastructure, and recreational activity areas to keep the employees engaged is further likely to create demand for integrated solutions worldwide.
North America region dominated the global market in 2022
The North American region dominated the market for interior design services in 2022 and is projected to maintain its dominance throughout the anticipated period, mainly due to significant technological advancements in the interior design industry, allowing designers to create more accurate and detailed designs, as well as enabling clients to view and interact with designs in new ways. Moreover, with the increasing importance of aesthetic appeal in commercial and residential spaces and an increasing number of clients seeking out environmentally-friendly design options, the adoption of these services has steadily increased.
The Asia Pacific region is anticipated to be the fastest growing region with a substantial growth rate during the anticipated period, owing to rising construction activities in major developing countries along with the growing penetration among the population across the region for busing properties and investing heavily in the decoration and designing of buildings to get aesthetic appeal and relaxation because of the influence of hectic lifestyles and industrialization across the region. For instance, according to the Ministry of Statistics and Program Implementation, the Indian construction sector has witnessed a significant growth of 16.8% in the first quarter of the financial year 2022-23 due to the rising government’s focus on infrastructure projects.
Competitive Insight
Some of the major players operating in the global market include Areen Design Services, Cannon Design, DB&B, DP Architects, Gold Mantis Technical Works, HDR, Jacobs Engineering, M Moser Associates, Nelson Worldwide, Perkins & Will, Perkins Eastman, Stantec, Yabu Pushelberg, IA Interior Architects, Hirsch Bedner Associates, Foster Partners, Aecom, and CallisonRTKL.
Recent Developments
- In May 2022, Havenly introduced a new IRL service called “Havenly At Home,” allowing clients to work with their chosen designer conveniently. The new services will likely deliver an enhanced and improved customer design experience and address the market typically overlooked by several other models.
- In April 2022, Sheraspace introduced its new and more affordable B2B interior service, which allows businesses to easily avail of professional internal design guidance at very affordable rates. The company’s new service, Commercial Design Consultation, mainly aimed to cater to SMEs and various startup companies needing professional interior services, just like their Online Interior Design Consultation, while addressing three key needs: short-term delivery, convenience, and affordability.
Interior Design Services Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 128.89 billion |
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Revenue forecast in 2032 |
USD 208.71 billion |
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CAGR |
6.20% from 2024– 2032 |
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Base year |
2023 |
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Historical data |
2019– 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Type, By End-User, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Areen Design Services Ltd., Cannon Design, DB&B, DP Architects Pte Ltd., Gold Mantis Technical Works LLC, HDR Inc., Jacobs Engineering Group Inc., M Moser Associates, Nelson Worldwide, Perkins & Will, Perkins Eastman, Stantec Inc., Yabu Pushelberg, IA Interior Architects, Hirsch Bedner Associates, Foster Partners Grpup, Aecom, and CallisonRTKL Inc. |
The analysis of Interior design services market extends to a comprehensive market forecast up to 2032, coupled with a retrospective examination. Avail yourself of a complimentary PDF download to sample this in-depth industry analysis.
FAQ's
The Interior Design Services Market report covering key are type, end-user, and region.
Interior Design Services Market Size Worth $ 208.71 Billion By 2032
The global interior design services market expected to grow at a CAGR of 6.2% during the forecast period.
North America is Interior Design Services Market.
key driving factors in Interior Design Services Market are growing number of new entrants across the globe equipped with advanced technology.
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