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Global Interior Design Market 1995

Global Interior Design Market 1995

Interior Design Market - Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Type (Residential, Corporate, Others), By Application (Newly Decorated, Repeated Decorated), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: November 2021
  • Report ID: BWC1995
  • Available Format: PDF
  • Page: 195

Report Overview

Global Interior Design Market- Industry Trends & Forecast Report 2027

The global interior design market was worth USD 145.3 billion in 2020 and is further projected to reach USD 210.0 billion by the year 2027, growing at the CAGR of 5.5% during the forecast period (2020-2027). The growth of the global economy, changes in the social environment, and improvements in the standard of life among millennials are important factors that are projected to drive the growth of the global interior design market in the coming years. The lifestyle and work choices of Millennials differ from those of earlier generations, and this is projected to have an impact on the global interior design market in the coming years.

Global Interior Design Market

Source: BlueWeave Consulting

Global Interior Design Market- Overview

Interior designers create functional, comfortable, and beautiful interior spaces by analyzing space requirements and selecting decorative things such as color schemes, lighting, and materials. The external areas of the place may also be included in the design. Interior design is a broad field that includes tasks, such as abstract development, space planning, site verification, programming, research, construction administration, and design execution. Furthermore, environmental protection in design is influenced by both governmental legislation and design businesses' corporate responsibility policies, to protect the public's health, safety, and welfare.

Global Interior Design Market Forecast and Trends

Growth Drivers

Increasing Construction and Real Estate Work

With the rising construction work due to government and private investments, the demand for interior design is going to escalate in the forecast period. The number of residential and commercial sites is estimated to rise significantly in the upcoming years due to urbanization which is estimated to fuel the market demand. The construction of commercial buildings like shopping complexes, co-working spaces, set-up of conglomerate’s business stores and spaces like restaurants, etc. is expected to pull significant demand for interior designing in the forecast period.

Rising Demand for Improved Interior Designing

With the rising exposure to various cultures and global trends, people are opening up to new designs and decorations in their home appearances. They are willing to spend more on improving their residential spaces and hire interior designing services to receive custom designing specifically for their home, which will make their look stand out from the crowd. The demand for interior designing is also estimated to surge in the commercial segment too as businesses learned to need a beautiful environment for improving the efficiency of their employees. This is expected to contribute to the market growth in the forecast period.

Restraints

High Cost of Interior Designing Services

Interior design is still restricted to the wealthy or upper-middle classes which is a major impediment to market expansion. Even though an increasing number of people are seeking interior design services to decorate and refurbish their houses, the process is still delayed due to the high cost involved. Furthermore, the lack of sufficient and well-structured interior designing services in most parts of developing countries like India is acting as a major setback for the market.

Impact of Covid-19 on Global Interior Design Market

For most businesses, including the interior design market, COVID-19's outbreak has been a game-changer. The global interior design market was crippled by the Covid-19 pandemic. All interior design work, including new contracts and continuing work, has been postponed as a result of the nationwide lockdown enforced by several governments. The demand for interior design also subsequently declined as the purchasing power of the people reduced to a great extent. Populations around the world were more focused on fulfilling their essential needs. Furthermore, the complete lockdown prevented all imports, exports, and manufacturing, obstructing the smooth flow of raw materials and severely affecting the market. The market also faced numerous hurdles as a result of the labor shortage. While the outbreak of COVID-19 was a challenge for the business, it also provided the market with an opportunity to grow. During this time, the widespread usage of technologies such as 3D render techniques and virtual designing aided the industry's recovery to a large extent.

Global Interior Design Market - By Type

Based on product type, the global interior design market is segmented into residential, commercial, and others. The residential segment dominates the global interior design market owing to the growth in the income and purchasing power of the consumers and home-ownership rates. Moreover, the influence and exposure of different cultures and lifestyles will boost the market in the upcoming period. The corporate business is the fastest-growing sector due to increased concerns about workspaces, which focus more on creating physical environments and cultures that attract employees.

Global Interior Design Market - By Application

Based on application, the global interior design market has been segmented into newly decorated and repeated decorated. Estimates say that the newly decorated segment will lead the market during the forecast period due to an increment in urbanization and changes in standard of living among consumers. Corporate offices, health facilities, and educational institutions will influence the growth of the repeating decorated segment, which is predicted to grow at a fast rate throughout the forecast period. The repeated decorated market will be boosted by urbanization in developing countries and staff movement from one country to another.

Regional Insights

Geographically, the global interior design market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa. North America dominates the interior design market owing to demographic shifts, cultural amalgamation, as well as emerging technologies in interior design in the region. However, due to improving standards of living and changes in lifestyle, changing tastes in home decor increased disposable income, and population growth, the Asia-Pacific region is expected to be the fastest-growing market throughout the projection period.

Competitive Landscape

The leading market players of the global interior design market are Gensler, Gold Mantis, HOK, HBA, Perkins+Will, Jacobs, Stantec, IA Interior Architects, Callison, Nelson, Leo A Daly, SOM, HKS, DB&B, Cannon Design, RoomSketcher AS, SmartDraw LLC, Chief Architect Inc., Roomtodo OU, and other prominent players. The market is highly competitive due to the presence of global and regional industry players. Local players are gaining an advantage over the competition by providing a wide range of interior design services at low pricing as compared to internal interior design companies

Recent Developments

  • In January 2021, IKEA, the leading furniture retail conglomerate based in Sweden, launched an interior design and renovation studio in Singapore. It is said to be their first-of-its-kind planning studio which will offer personalized home interior design services.

  • In January 2021, Flipspaces, a global interior design firm launched its virtual store called ‘VIZSTORE’, which will allow furnishing product sellers to display their products using virtual reality, which is going to enhance the selection experience for the customers.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa

Product Service/Segmentation

By Type, By Application, By Region

Key Players

Gensler, Gold Mantis, HOK, HBA, Perkins+Will, Jacobs, Stantec, IA Interior Architects, Callison, Nelson, Leo A Daly, SOM, HKS, DB&B, Cannon Design, RoomSketcher AS, SmartDraw LLC, Chief Architect Inc., Roomtodo OU, and other prominent players.

 

By Type

  • Residential

  • Corporate

  • Others

By Application

  • Newly Decorated

  • Repeated Decorated

By Region

  • North America

  • Europe

  • Asia-Pacific (APAC)

  • Latin America (LATAM)

  • Middle-East & Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary and Secondary Sources
    2. Quantitative Research
      1. Primary and Secondary Sources
    3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Industry Participants
    5. Key Questionnaire asked during Primary Interviews
    6. Key Primary Responses
    7. Market Size Estimation
    8. Assumption for the Study
    9. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Global Interior Design Market – Industry Insights
    1. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunity
      4. Challenges
    2. Recent Developments / Technical Landscape
    3. Regulatory Framework
    4. Porter’s Five Forces Analysis
    5. Value Chain Analysis
    6. Strategic Outlook
  5. Global Interior Design Market Overview
    1. Market Estimates & Forecast by Value, 2017-2027
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Residential
        2. Corporate
        3. Others
      2. By Application
        1. Newly Decorated
        2. Repeated Decorated
      3. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Interior Design Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
        1. U.S.
        2. Canada
  7. Europe Interior Design Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Netherlands
        8. Rest of Europe
  8. APAC Interior Design Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Interior Design Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Interior Design Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2017-2027
    2. Market Share and Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Turkey
        5. Rest of Europe
  11. Competitive Landscape
      1. List of Key Players and Their Offerings
      2. Market Share / Ranking Analysis (2020)
      3. Competitive Benchmarking, By Operating Parameters
  12. COVID-19 Impact
    1. Future Impact
    2. Key Developments during COVID-19
    3. Impact on Market
      1. Different Scenario
      2. Impact on Companies
    4. Regional Impact
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Gensler
    2. Gold Mantis
    3. HOK
    4. HBA
    5. Perkins+Will
    6. Jacobs
    7. Stantec
    8. IA Interior Architects
    9. Callison
    10. Nelson
    11. Leo A Daly
    12. SOM
    13. HKS
    14. DB&B
    15. Cannon Design
    16. RoomSketcher AS
    17. SmartDraw LLC
    18. Chief Architect Inc.
    19. Roomtodo OU
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

* Financial information of non-listed Companies will be provided as per availability

 

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

 

List of Figures

 

 

Fig: Global Interior Design Segmentation

 

Fig: Global Interior Design Value Chain Analysis,

 

Fig: Company Market Share Analysis, 2020

 

Fig: Global Interior Design Size, By Value (USD Million), 2017-2027

 

Fig: Global Interior Design Share (%), By Type, By Value, 2017-2027

 

Fig: Global Interior Design Share (%), By Application, By Value, 2017-2027

 

Fig: Global Interior Design Share (%), By Country, By Value, 2017-2027

 

Fig: North America Interior Design Size, By Value (USD Million), 2017-2027

 

Fig: North America Interior Design Share (%), By Type, By Value, 2017-2027

 

Fig: North America Interior Design Share (%), By Application, By Value, 2017-2027

 

Fig: North America Interior Design Share (%), By Country, By Value, 2017-2027

 

Fig: Europe Interior Design Size, By Value (USD Million), 2017-2027

 

Fig: Europe Interior Design Share (%), By Type, By Value, 2017-2027

 

Fig: Europe Interior Design Share (%), By Application, By Value, 2017-2027

 

Fig: Europe Interior Design Share (%), By Country, By Value, 2017-2027

 

Fig: the Asia-Pacific Interior Design Size, By Value (USD Million), 2017-2027

 

Fig: the Asia-Pacific Interior Design Share (%), By Type, By Value, 2017-2027

 

Fig: the Asia-Pacific Interior Design Share (%), By Application, By Value, 2017-2027

 

Fig: Asia-Pacific Interior Design Share (%), By Country, By Value, 2017-2027

 

Fig: Latin America Interior Design Size, By Value (USD Million), 2017-2027

 

Fig: Latin America Interior Design Share (%), By Type, By Value, 2017-2027

 

Fig: Latin America Interior Design Share (%), By Application, By Value, 2017-2027

 

Fig: Latin America Interior Design Share (%), By Country, By Value, 2017-2027

 

Fig: Middle East & Africa Interior Design Size, By Value (USD Million), 2017-2027

 

Fig: Middle East & Africa Interior Design Share (%), By Type, By Value, 2017-2027

 

Fig: Middle East & Africa Interior Design Share (%), By Application, By Value, 2017-2027

 

Fig: Middle East & Africa Interior Design Share (%), By Region, By Value, 2017-2027

 

 

List of Tables

 

 

Table: Global Interior Design Size, By Type, By Value, 2017-2027

 

Table: Global Interior Design Size, By Portability, By Value (USD Million), 2017-2027

 

Table: Global Interior Design Size, By Region, By Value (USD Million), 2017-2027

 

Table: North America Interior Design Size, By Type, By Value (USD Million), 2017-2027

 

Table: North America Interior Design Size, By Application, By Value (USD Million), 2017-2027

 

Table: North America Interior Design Size, By Country, By Value (USD Million), 2017-2027

 

Table: Europe Interior Design Size, By Type, By Value (USD Million), 2017-2027

 

Table: Europe Interior Design Size, By Application, By Value (USD Million), 2017-2027

 

Table: Europe Interior Design Size, By Country, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Interior Design Size, By Type, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Interior Design Size, By Application, By Value (USD Million), 2017-2027

 

Table: the Asia-Pacific Interior Design Size, By Country, By Value (USD Million), 2017-2027

 

Table: Latin America Interior Design Size, By Type, By Value (USD Million), 2017-2027

 

Table: Latin America Interior Design Size, By Application, By Value (USD Million), 2017-2027

 

Table: Latin America Interior Design Size, By Country, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Interior Design Size, By Type, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Interior Design Size, By Application, By Value (USD Million), 2017-2027

 

Table: The Middle-East & Africa Interior Design Size, By Country, By Value (USD Million), 2017-2027

 

Table: Gensler Financial Analysis

Table: Gensler Business Overview

Table: Gold Mantis Financial Analysis

Table: Gold Mantis Business Overview

Table: HOK Financial Analysis

Table: HOK Business Overview

Table: HBA Financial Analysis

Table: HBA Business Overview

Table: Perkins+Will Financial Analysis

Table: Perkins+Will Business Overview

Table: Jacobs Financial Analysis

Table: Jacobs Business Overview

Table: Stantec Financial Analysis

Table: Stantec Business Overview

Table: IA Interior Architects Financial Analysis

Table: IA Interior Architects Business Overview

Table: Callison Financial Analysis

Table: Callison Business Overview

Table: Nelson Financial Analysis

Table: Nelson Business Overview

Table: Leo A Daly Financial Analysis

Table: Leo A Daly Financial Analysis

Table: SOM Financial Analysis

Table: SOM Business Overview

Table: HKS Financial Analysis

Table: HKS Business Overview

Table: DB&B Financial Analysis

Table: DB&B Business Overview

Table: Cannon Design Financial Analysis

Table: Cannon Design Business Overview

Table: RoomSketcher AS Financial Analysis

Table: RoomSketcher AS Business Overview

Table: SmartDraw LLC Financial Analysis

Table: SmartDraw LLC Business Overview

Table: Chief Architect Inc. Financial Analysis

Table: Chief Architect Inc. Business Overview

Table: Roomtodo OU Financial Analysis

Table: Roomtodo OU Business Overview

 

Market Segmentation

By Type

  • Residential
  • Corporate
  • Others

By Application

  • Newly Decorated
  • Repeated Decorated

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: Global Interior Design Market size is projected to grow at a CAGR of 5.5% during the forecast period between 2017-2027.
Ans: Key players in global interior design market include Gensler, Gold Mantis, HOK, HBA, Perkins+Will, Jacobs, Stantec, IA Interior Architects, Callison, Nelson, Leo A Daly, SOM, HKS, DB&B, Cannon Design, RoomSketcher AS, SmartDraw LLC, Chief Architect Inc., Roomtodo OU, and other prominent players.
Ans: North America accounted for the largest share in the global interior design market.
Ans: The global interior design market has reached USD 145.3 billion in 2020
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