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Interior Design Services Market Size (2024 - 2029)

The interior design services market is experiencing growth, driven by changing consumer attitudes towards home spaces, particularly influenced by the COVID-19 pandemic. This shift has led to increased demand for interior design solutions, as people reimagine their living environments. The expansion of the real estate sector, especially in commercial and co-working spaces, further fuels the need for interior design services. Urban areas are seeing a concentration of these services, with significant growth in countries like China and Japan, where the construction industry is booming. The adoption of technologies such as augmented reality is enhancing how consumers interact with design offerings, contributing to the market's expansion.

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Market Size of Interior Design Services Industry

Interior Design Services Market Summary
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

Interior Design Services Market 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 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
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Interior Design Services Market Size Summary

The interior design industry is experiencing a transformative phase, driven by evolving consumer preferences and technological advancements. The COVID-19 pandemic has significantly altered how individuals perceive and interact with their living spaces, prompting a surge in home redesign projects. This shift has led to the adoption of augmented reality technologies by brands, enabling consumers to visualize furniture and design elements in their homes. As global real estate investments rise, particularly in commercial and co-working spaces, the demand for interior design services is expected to grow. Urban areas, especially in tier 1 and tier 2 cities, are witnessing an increase in interior design professionals, fueled by investments in infrastructure and real estate development. The industry's growth is further supported by government initiatives in public infrastructure and smart city projects, which require innovative and technology-integrated design solutions.

The Asia-Pacific region, with China, Japan, and India at the forefront, is anticipated to hold a significant share of the interior design services market. The region's rapid construction activities and economic growth are key contributors to this expansion. However, the market remains fragmented, with intense competition among numerous players offering varied pricing strategies. Despite challenges in attracting younger clients and the trend of DIY home design, companies like Aecom, Gensler, and Stantec Inc. continue to shape the market landscape. Innovations such as Havenly's in-home services and Modsy's virtual renovation design service highlight the industry's shift towards integrating digital and real-world design experiences. These developments underscore the growing importance of personalized and technologically advanced interior design solutions in meeting contemporary consumer demands.

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Interior Design Services Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

    5. 1.5 Insights on Changes in Consumer Behavior in the Market

    6. 1.6 Insights on Government Regulations in the Market

    7. 1.7 Insights on Technological Advancements in the Market

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End User

      1. 2.1.1 Commercial

      2. 2.1.2 Residential

    2. 2.2 By Type

      1. 2.2.1 Newly Decorated

      2. 2.2.2 Repeated Decorated

    3. 2.3 By Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 South America

      5. 2.3.5 Middle-East and Africa

Interior Design Services Market Size FAQs

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.

In 2024, the Interior Design Services Market size is expected to reach USD 137.93 billion.

Interior Design Services Market Report Snapshots

Interior Design Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)