Interior Design Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Interior Design Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

With the advent of the current slowdown in world economic growth, the Interior Design industry has also suffered a specific impact. Still, it is expected to maintain a relatively optimistic growth in the forecast period. The interior designing services market involves consulting and designing services provided to clients in various sectors to design the client's working environment.

Construction activities across the world, improvements in the standard of living, and rising incomes of the population are factors driving the market. The increasing trend of construction in developed economies such as the United States is likely to increase the demand for interior design services.

Consumer experience and leisure activities are changing in the current scenario across the globe. As people are getting rich, they are buying new homes or renovating the existing space, Interior designers and architectures are innovative and are influencing the designs in the market. There is a growing trend of customization and personalization in the market for Kitchen, bath spaces.

Key Market TrendsCommercial 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 the 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 for the interior designing services market. 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 highest because of changing global scenario in the market and its aspiring business and its astute leaders. However, North America has the largest share of the market, as it has multicultural people, high standards of living, and the rising disposable income of the people in the country. Designers help people over there lookout for innovative designs and in building spaces. Another factor driving the market is growing nuclear families and the immigrant population in the region.

Competitive Landscape

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.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned
 
Aecom
Gensler
Jacobs Engineering Group Inc.
Perkins and Will
Stantec Inc.
Areen Design Services Ltd
CallisonRTKL Inc.
Cannon Design
Hirsch Bedner Associates
NELSON & Associates Interior Design and Space Planning Inc.
Others (Perkins Eastman, Gold Mantis Technical Works LLC)

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