SHERIDAN, UNITED STATES, Oct. 5, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, “India Interior Design Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the La India home decoration market size is expected to grow at a CAGR of 7.40% during the period 2022-2027. Interior design is a composite industry in which customer criteria are used to finish or enhance an interior décor using inventive and technological design concepts. Interior designers develop functional, comfortable and beautiful interior designs by analyzing space requirements and selecting decorative elements, such as color schemes, lighting and materials. It is a broad field that includes abstract development, space planning, site verification, programming, research, construction administration and design execution. Various interior design themes, such as Mediterranean style, European style, and Indian ethnic style of design and decoration, are becoming more and more popular these days.
The market in India is mainly driven by the improvement in the standard of living of millennials. From this perspective, rapid urbanization and inflation of disposable income positively influence the market. With the increase in construction work due to government and private investments, the demand for interior design is increasing. Also, the growing number of residential and commercial sites is expected to increase significantly in the coming years due to rapid urbanization. Apart from this, construction of commercial buildings, such as shopping complexes, co-working spaces, setting up of conglomerate business stores and public spaces like restaurants are catalyzing the market. With the increasing exposure to various cultures and global trends, Indians prefer innovative designs and decorations in their homes. They are willing to spend more to improve their residential spaces and hire interior design services to receive custom designs for their home which makes their living space stand out from the crowd.
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The significant growth in the corporate sector is contributing significantly to the expansion of the market due to the emphasis on creating physical environments and cultures that attract employees. With the widespread demand for futuristic and tech-enhanced offices and workspaces, players in the Indian interior design market are receiving incredible demand from commercial real estate players, giving a boost thumb to the market. The rapid preference for smart homes and the influence of social media are also propelling the market. Also, the growing number of interior designers and interior design firms in India is bolstering the market. Moreover, the introduction and rapid integration of Virtual Reality (VR) technologies are creating positive prospects for the market.
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India Interior Design Market Analysis and Segmentation 2022-2027:
Breakdown by type of decoration:
Breakdown by end user:
Breakdown by region:
• North India
• West and Central India
• South India
• Eastern India
The competitive landscape of the industry has also been examined along with the profiles of key players.
Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
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