Interior Design Services Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 137.93 Billion |
| Market Size (2029) | USD 177.13 Billion |
| CAGR (2024 - 2029) | 5.13 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Interior Design Services Market Analysis
The Interior Design Services Market size is estimated at USD 137.93 billion in 2024, and is expected to reach USD 177.13 billion by 2029, growing at a CAGR of 5.13% during the forecast period (2024-2029).
During the COVID-19 pandemic, our attitude toward our home has changed significantly, affecting the entire interior design market. And according to the American Society of Interior Designers, 51% of designers have already adjusted to the new norm. The pandemic has dramatically changed consumption habits, as it happened during the previous one in 1918: People started to redesign their kitchens, bedrooms, and bathrooms.
Over the two years of the pandemic, more and more people began to visualize their living spaces, so brands started adopting AR technologies not as a gimmick but as a viable alternative to showcase their products and offerings. One of the most obvious applications is simply allowing consumers to place furniture in their current homes to see how it feels.
Globally, investments in real estate are increasing. Commercial real estate and co-working spaces are the most popular market investments. Interior design services will be demanded as the real estate market expands in the future. Many countries are strengthening their investments in tier 1 and tier 2 cities, which is boosting the number of interior designers in these cities around the world. Several architecture businesses are venturing into interior design. The interior design industry is primarily concentrated in urban areas.
China and Japan's massive construction industries are responsible for a significant percentage of the increase in the use of interior design solutions. Hotels and resorts updated their ancient buildings in readiness for the Olympic Games bringing in millions of foreign guests. Japan is one of the largest and fastest-growing markets for Finnish companies specializing in furniture and other interior design products, owing to the country's increased demand for interior design.
Interior Design Services Market Trends
This section covers the major market trends shaping the Interior Design Services Market according to our research experts:
Commercial Segment is Dominating the Interior Design Services Market
Government initiatives for public infrastructure in construction projects are playing a key role in driving the growth of the market. Investments in the construction of smart cities, airports, and commercial buildings by governments across the globe are driving the demand for smart planning and technology-integrated interior design services.
The popularity of co-working offices is expected to fuel the demand for innovative interior design, which includes sustainable and wellness-focused designs, recreational activity areas, and advanced IT infrastructure. Thus, the demand for integrated solutions from commercial space is likely to drive the growth of the integrated design services market.
Asia-Pacific is Fastest Growing Region for the Interior Designing Services Market
The Asia-Pacific region is expected to be holding a high share of the interior designing services market. In APAC, China, Japan, and India are the most important markets for interior design services. The market in this region will increase at a quicker rate than the market in other regions. Increasing construction in developing countries, such as China and India, may contribute to the growth in the region. China's economy is expected to grow the highest because of changing global scenario in the market and its aspiring business and its astute leaders.
Interior Design Services Industry Overview
The interior design service market is fragmented in nature, as many players in the global market are trying to capture the market. Competition in the market has intensified due to the difference in the pricing of services in the market. Designers find it challenging to build a client base as young people pay less attention to interior designs. Also, many people themselves are indulging in designing homes in the market. Companies including Aecom, Gensler, Jacobs Engineering Group Inc., Perkins and Will, and Stantec Inc. among others have been profiled in the report.
Interior Design Services Market Leaders
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Aecom
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Gensler
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Jacobs Engineering Group Inc.
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Perkins and Will
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Stantec Inc.
*Disclaimer: Major Players sorted in no particular order
Interior Design Services Market News
- In May 2022, interior designer startup Havenly introduced IRL services, A digital interior design startup that's been offering online services and is bringing its interior design expertise into the real world. The biggest difference between Havenly's in-home services is that the designer will tour your space IRL, take measurements and make sure that everyone is on the same page before they send over a virtual design through digital layouts and 3D renderings.
- In March 2022, female-owned Modsy, a leading online interior design firm, launched a first-of-its-kind virtual renovation design service that will use 3D technology so customers can visualize and virtually walk through every detail of their project.
Interior Design Services Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.5 Insights on Changes in Consumer Behavior in the Market
4.6 Insights on Government Regulations in the Market
4.7 Insights on Technological Advancements in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By End User
5.1.1 Commercial
5.1.2 Residential
5.2 By Type
5.2.1 Newly Decorated
5.2.2 Repeated Decorated
5.3 By Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Aecom
6.2.2 Gensler
6.2.3 Jacobs Engineering Group Inc.
6.2.4 Perkins and Will
6.2.5 Stantec Inc.
6.2.6 Areen Design Services Ltd
6.2.7 IA Interior Architects
6.2.8 Cannon Design
6.2.9 Hirsch Bedner Associates
6.2.10 NELSON & Associates Interior Design and Space Planning Inc.
6.2.11 Others (Perkins Eastman, Gold Mantis Technical Works LLC)*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Interior Design Services Industry Segmentation
The interior design services market report provides an overview of the market with an exhaustive analysis of current market advancements. The report also focuses on the trends in production and consumption data of the product, policies and plans, cost structures, and manufacturing processes. Moreover, the company profile of the key manufacturers, along with a thorough analysis of the competitive landscape, is also provided.
The Interior Design Services Market is segmented by Type (Newly Decorated and Repeated Decorated), End User (Commercial and Residential), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East, and Africa). The report offers market size and forecasts for the Global Interior Design Services Market in value USD billion for all the above segments.
| By End User | |
| Commercial | |
| Residential |
| By Type | |
| Newly Decorated | |
| Repeated Decorated |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Interior Design Services Market Research FAQs
How big is the Interior Design Services Market?
The Interior Design Services Market size is expected to reach USD 137.93 billion in 2024 and grow at a CAGR of 5.13% to reach USD 177.13 billion by 2029.
What is the current Interior Design Services Market size?
In 2024, the Interior Design Services Market size is expected to reach USD 137.93 billion.
Who are the key players in Interior Design Services Market?
Aecom, Gensler, Jacobs Engineering Group Inc., Perkins and Will and Stantec Inc. are the major companies operating in the Interior Design Services Market.
Which is the fastest growing region in Interior Design Services Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Interior Design Services Market?
In 2024, the North America accounts for the largest market share in Interior Design Services Market.
What years does this Interior Design Services Market cover, and what was the market size in 2023?
In 2023, the Interior Design Services Market size was estimated at USD 131.20 billion. The report covers the Interior Design Services Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Interior Design Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
How are technological advancements impacting the Interior Design Services Market?
Technologies like 3D modeling, VR design tools, and AI are enhancing design creativity, efficiency, and client engagement, thereby driving Interior Design Services Market growth through improved service delivery and customer satisfaction.
Which application segment dominates the Interior Design Services Market?
Based on the Application residential segment dominates the Interior Design Services Market.
Interior Design Services Industry Report
The global interior design services market is experiencing robust growth, driven by diverse market segments and regional dynamics. The interior design industry is segmented based on design type, including newly decorated and repeatedly decorated spaces, and caters to residential, commercial, and other sectors. The residential segment leads due to rising consumer income and homeownership rates, while the commercial sector expands rapidly, fueled by a focus on workplace environments and government investments in public infrastructure. This promotes the demand for smart and integrated interior design solutions. Geographically, North America currently leads in interior design market size, due to demographic changes and new design technologies. However, the Asia Pacific region is set to surpass it, driven by construction in emerging economies like China and India. The market is highly competitive, with players focusing on innovative technologies and sustainability to meet consumer preferences for smart homes and eco-friendly designs. For detailed statistics on the Interior Design Services market share, size, and revenue growth rate, consult 糖心vlog传媒鈩� Industry Reports, which include market forecasts, outlooks, and historical overviews. Get a sample of interior design industry analysis as a free report PDF download.
