The "Interior Design Services Market - Growth, Trends and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
With the advent of the current slowdown in world economic growth, the Interior Design industry has also suffered a certain impact but 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 for designing the working environment of the client.
Construction activities across the globe, improvements in the standard of living and rising incomes of the population are some of the factors that are 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 growing trend of customization and personalization in the market for kitchen, bath spaces.
Key Market Trends
Commercial Segment is Dominating
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 integrated design services market.
Asia-Pacific is the Fastest Growing Region
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 will 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 multi-cultural people, high standards of living and rising disposable income of the people in the country. People over there look out for innovative designs and are helped by designers in building spaces. Another factor driving the market is growing nuclear families and the immigrant population in the region.
Interior Design Service Market is fragmented in nature as there are many players in the global market who 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 are finding difficult to build a client base as young people pay less attention to interior designs and also many people themselves are indulging in designing homes in the market.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.5 Value Chain Analysis
4.6 Porter's Five Forces Analysis
4.7 Insights on Impact of COVID-19 on the Market
4.8 Insights on Changes in Consumer Behavior in the Market
4.9 Insights on Government Regulations in the Market
4.10 Insights on Technological Disruptions in the Market
5 MARKET SEGMENTATION
5.1 By End User
5.2 By Type
5.2.1 Newly Decorated
5.2.2 Repeated Decorated
5.3 By Geography
5.3.1 North America
5.3.4 South America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.3 Jacobs Engineering Group Inc.
6.2.4 Perkins and Will
6.2.5 Stantec Inc.
6.2.6 Areen Design Services Ltd.
6.2.7 CallisonRTKL Inc.
6.2.8 Cannon Design
6.2.9 Hirsch Bedner Associates
6.2.10 NELSON & Associates Interior Design and Space Planning, Inc.
6.2.11 Others (Perkins Eastman, Gold Mantis Technical Works LLC)
7 FUTURE OF THE MARKET AND ANALYST RECOMMENDATIONS
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