Interior design services market size to grow by USD 34,029.03 million from 2022 to 2027: Increase in global construction activities to drive growth

NEW YORK, March 22, 2023 /PRNewswire/ — The global interior design services market size is estimated to increase by USD 34,029.03 million from 2022 to 2027. The market’s growth momentum will accelerate at a CAGR of 5.16%. The increase in global construction activities is driving the global interior design services market growth. Construction activities are increasing across sectors such as residential, commercial, government, corporate, and public. Governments of several emerging nations are undertaking initiatives to develop infrastructure. Increasing investments by the public sector will also drive market growth. Discover more insights on market size historic period (2017 to 2021) and forecast (2023 to 2027) before buying the full report – Request a sample report

Interior design services market – Vendor analysis
Vendor Landscape –

The global interior design services market is fragmented, with the presence of vendors. A few prominent vendors that offer interior design services in the market are AECOM, Aedas Ltd., Arcadis NV, Architectural Surfaces Inc., Areen Design Ltd., CannonDesign, DP Architects Pte Ltd., Foster and Partners Group Ltd., Gensler. M. Arthur Gensler Jr. and Associates Inc., HBA International, HDR Inc., HOK Group Inc., IBI Group Inc., Interior Architects Inc., Jacobs Engineering Group Inc, NIKKEN SEKKEI Ltd., Perkins and Will International Group of Co., Samoo Architects and Engineers, Stantec Inc., and Suzhou Gold Mantis Construction Decoration Co. Ltd. and others.

Large organizations have significant advantages in marketing, developing partnerships with stakeholders, and receiving priority service from suppliers. However, small and medium enterprises can compete with large vendors by providing better service, timely delivery, and unique products or services. To survive and succeed in such a competitive environment, it becomes imperative for vendors to differentiate their service offerings through clear and unique value propositions. Therefore, many players focus on developing new and innovative interior designs, which help them differentiate themselves from their competitors.

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• Global competitiveness and key competitor positions

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Vendor offerings –

• AECOM – The company offers interior design services such as integrated design, management, and technical services.

• Aedas Ltd. – The company offers interior design services such as hospitality, residential, and corporate office services.

• Architectural Surfaces Inc. – The company offers interior design services such as Metroquartz Nova Senza, Glass Tile Onix, and Pentalquartz Velare.

• For details on vendors and their offerings – Request a sample report

Interior design services market – Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (commercial and residential) and application.

• The commercial segment will account for a significant share of the market growth during the forecast period. Commercial end-users include corporate players, government institutions, and private players. The increase in the number of commercial construction projects will drive the growth of this segment. Commercial interior designers conceptualize spaces for businesses to improve functionality and aesthetics. Commercial buildings are renovated more frequently than residential buildings. These factors will further drive the growth of the commercial segment during the forecast period.

Geography Overview
Based on geography, the global interior design services market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global interior design services market.

• APAC is projected to account for 34% of the market’s growth during the forecast period. The growth of the regional market is attributed to factors such as an increase in the demand for construction projects in developing countries such as China, Japan, and India. Japan is one of the largest importers of interior decorative products worldwide. The growth of the construction industries in Japan and China has contributed to the adoption of interior design solutions.

For insights on global, regional, and country-level parameters with growth opportunities
from 2017 to 2027 – Download a sample report

Interior design services market – Market dynamics

Key trends – R&D investments and technological advances in digital design will support the global interior design services market growth. Innovative technological platforms, such as machine learning, VR, and AI, improve the execution of interior design projects. Hence, vendors are investing in R&D and launching digital design labs to remain competitive in the market. VVR devices enable customers to visit different iterations of rooms in a virtual manner. In addition, collecting and analyzing data using machine learning provides more accurate design data and saves time. Such technological advances will drive the growth of the global interior design services market during the forecast period.

Major challenges – The presence of unorganized players and intense competition among existing players are challenging the market growth. The global interior design services market is highly fragmented, with organized and unorganized interior design service providers. A few vendors account for a significant share of the market. The competition between established vendors is intense. The competitors vary by the type of service across different regions and compete based on design, experience, brand, and service. Innovations by large vendors increase the competition for smaller players. These factors will impede the growth of the market during the forecast period.

Trends and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this interior design services market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the interior design services market between 2023 and 2027

• Precise estimation of the size of the interior design services market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the interior design services market across APAC, North America, Europe, South America, and Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of interior design services market vendors

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Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Market Segmentation by Application

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

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