Interior Design Services Market to Register Growth of USD 24.13 Billion at a CAGR of 4% | Shift in consumer expectations towards leisure and work experience is a key driver | Technavio |

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NEW YORK, February 1, 2022 /PRNewswire/ — The interior design services market is expected to grow by $24.13 billion from 2020 to 2025, and market growth is expected to accelerate at a CAGR of 4%.

Factors such as changing consumer expectations towards leisure as well as government initiatives for the development of smart cities are driving the interior design services market significantly.

Our research report on “Interior Design Services Market – Forecast and Analysis Report 2021-2025has broadly covered the factors influencing the growth potential of the parent market in the coming years, which will determine the market share growth levels over the forecast period.

Key Highlights of the Interior Design Services Market Report

  • Estimated annual growth rate: 3.30%
  • Key Market Segments: End User (Commercial and Residential) and Geography (North America, APAC, Europe, South America, and MEA)
  • Key consumption region and contribution: APAC at 35%

Interior Design Services Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 4%

Market Growth 2021-2025

$24.13 billion

Market structure

Fragmented

Annual growth (%)

3h30

Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

APAC at 35%

Main consumer countries

United States, China, Japan, Germany, India and Canada

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

AECOM, Aedas Ltd, DP Architects Pte Ltd, Foster Partners Group Ltd., Gensler. M. Arthur Gensler Jr. and Associates Inc., HDR Inc., Jacobs Engineering Group Inc., NIKKEN SEKKEI Ltd, Perkins Will International Group of Companies and Stantec Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contact our analysts for more personalized reports according to your needs. Talk to our analyst now!

Interior Design Services Market Trend

    • Investment in R&D and technological progress

Investment in R&D along with the advancement of technology in digital design is one of the key factors driving the growth of the global interior design market share. Additionally, technological innovations in digital design, planning, and execution are a rising trend in the interior design services market. Additionally, innovations in technology platforms are fueling interior design execution like machine learning, virtual reality, and AI. In addition, vendors have increased their R&D investments to launch digital design labs to stay competitive in the market.

Interior Design Services Market Challenge

    • Disorganized players and intense competition

Presence of unorganized players and intense competition among the existing players is one of the major challenges for the growth of interior design services market share. There are a variety of providers present in the market, from small one-stop service providers to large multinational corporations offering multiple types of interior design services. Moreover, the competition among the established providers is intense based on various parameters. Moreover, new entrants offering services at lower prices, convenience as well as online logistics to customers are expected to further intensify the competition in the market.

Get a free sample for detailed information on key market drivers, trends and challenges influencing the interior design services market.

Information on the main vendors in the market

The interior design services market is fragmented and vendors are deploying various organic and inorganic strategies to compete in the market.

Some of the major vendors in the market are:

  • AECOM
  • Aedas Ltd
  • DP Architects Pte Ltd
  • Foster Partners Group Ltd.
  • Gensler. M Arthur Gensler Jr. and associates inc.
  • HDR Inc.
  • Jacobs Engineering Group Inc.
  • NIKKEN SEKKEI Ltd
  • Perkins Will International Group of Companies
  • Stantec Inc.

For more detailed highlights on product offerings and growth strategies adopted by other vendors, Download a free sample report

  • Key Segment Analysis by End User

The commercial segment will play an important role in the growth of the interior design market share during the forecast period. Rising number of commercial construction projects is expected to boost the commercial segment in the global interior design services market over the forecast period. Commercial interior designers conceptualize spaces for businesses to increase functionality and elevate style for financial gain. Moreover, the rise of commercial constructions such as hotels, restaurants and leisure centers is influenced by the rise of tourism.

Regional Market Analysis

APAC will contribute 35% of the global interior design services market share growth over the forecast period. China, India, and Japan are the major markets for interior design services in Asia-Pacific.

The demand for construction services is increasing dramatically in developing countries like China, India, and Japan is expected to drive the growth of the interior design services market in the region.

Ask for our free sample for additional highlights and key segments expected to impact the market during the forecast period.

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