India Interior Design Market, By Decoration Type (New, Renovation); By Budget (Luxury/high-end, Mid-range, Budget-conscious); By Application (Residential, Commercial) By Region (North India, South India, East India, West India), Trend Analysis, Competitiv

India Interior Design Market, By Decoration Type (New, Renovation); By Budget (Luxury/high-end, Mid-range, Budget-conscious); By Application (Residential, Commercial) By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

India Interior Design Market Size Booming to Touch USD 53 Billion by 2029

India interior design market is flourishing due to the expanding construction sector, favorable initiatives being undertaken by the Government of India (GoI), and technical improvements.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India interior design market size at USD 28.97 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India interior design market size to grow at a CAGR of 10.54% reaching a value of USD 52.84 billion by 2029. With the increasing expansion of the construction sector, there has been widespread use of low-cost interior design solutions in commercial and residential complexes to improve look and optimise space efficiency. This, in turn, is one of the primary reasons driving the growth of the India interior design market. Furthermore, favorable initiatives being undertaken by the Government of India (GoI) for investing in ongoing renovations and intrastromal projects to strengthen public infrastructure through the development of various commercial buildings, such as multiplexes, airports, shopping malls, and private institutions, are propelling market growth. In conjunction with this, quick technical improvements, such as the advent of cloud-based interior design software for lowering remodelling and restructuring design, are serving as other growth-inducing factors.

Opportunity: Growing demand for sustainable interior design

There is a growing demand for sustainable interior design in India. People are becoming more aware of the environmental impact of their choices, and they are looking for ways to make their homes and offices more sustainable. This presents an opportunity for interior designers to offer sustainable design solutions. People are becoming more aware of the environmental impact of their choices, and they are looking for ways to make their homes and offices more sustainable. The government is promoting sustainable practices, such as the use of renewable energy and the construction of green buildings. This is creating demand for sustainable interior design solutions. There is a growing availability of sustainable materials and products, such as bamboo flooring, recycled furniture, and energy-efficient lighting. This is making it easier for interior designers to create sustainable spaces.

Segmental Information

India Interior Design Market - By Application

Based on application, India interior design market is divided into commercial and residential. The commercial segment currently dominates the market and is likely to maintain its supremacy even during the forecast period. The interior designing solution is experiencing a progressive evolution in the market because of the increased demand from commercial real estate. Due to the demand for commercial space, this sector is expected to grow substantially in the coming years. In India, the work culture is undergoing a great change, which has led to an evolution in the interior design and furniture of offices, which in turn is driving the commercial segment of India’s interior design market.

Impact of COVID-19 on India Interior Design Market

The Indian interior design market was adversely affected by the COVID-19 outbreak. The pandemic presented a variety of issues for interior designers, including decreased demand for interior design services as consumers cut back on non-essential purchases, including commercial interior design projects, as many businesses have had to close or operate at a reduced capacity. The pandemic disrupted supply chains, making it difficult for interior designers to obtain the materials they want for their projects. It resulted in interior design project delays and expense increases.

Competitive Landscape

The India interior design market is fragmented, with numerous players serving the market. The key players dominating the India Interior Design market include Livspace Pte Ltd, Sobha Limited, The KariGhars, CEE BEE Design Studio, Ensemble Infrastructure India Ltd, La Sorogeeka Interiors Pvt Ltd, Futomic Design Services Pvt Ltd, Gauri Khan Designs, SAMIKA DESIGN SOLUTIONS PVT LTD, BONITO DESIGNS, Savio & Rupa Interior Concepts, Morph Design Company, Aamir & Hameeda Interior Designers (AANDH), Home2decor, Homevista Decor and Furnishing Private Limited, Hohm Editors Interior Design Studio, DesignQube, Carafina Interior Designers, De PANACHE, and Acme Interiors Pvt Ltd. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Interior Design Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Interior Design Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.