NEW YORK, March 4, 2022 /PRNewswire/ -- The Interior Design Services Market value is set to grow by USD 24.13 billion, progressing at a CAGR of 4% from 2020 to 2025, as per the latest report by Technavio.
Resulting in Y-O-Y growth rate of 3.30% in 2021, read additional information about the market, Get FREE sample report.
Vendor Landscape
The interior design services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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Latest Drivers & Trends of the Global Interior Design Services Market
The shifting consumer expectation towards leisure and work experience has resulted in rising shopping store renovations, the introduction of smart workstations, and enhanced luxurious interiors in hotels. Government initiatives for the development of smart cities, smart government institutes, airports, healthcare, and infrastructure for the public sector will also boost the demand for smart planning and technology-integrated design services. The popularity of smart and co-working offices is expected to fuel the demand for innovative interior design which incorporates recreational activity areas, advanced IT infrastructure, and sustainable and wellness-focused designs. The growing demand for interior design services from the commercial infrastructure sector will drive the growth of the market
Technological innovation in digital designing, planning, and execution is the current trend in the global interior design services market. Innovative technological platforms are elevating the execution of interior designing, such as machine learning, VR, and AI. Vendors are increasing investments in R&D and launching digital design labs to remain competitive in the market and render interior designing productive, boost safety, and identify and address concerns.
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Key Market Segmentation
The interior design services market share growth by the commercial segment will be significant during the forecast period. The commercial segment is expected to grow during the forecast period due to an increase in the number of commercial construction projects. The rise in tourism drives the construction of hotels, restaurants, and amusement centers. Hospitality interior design service providers design spacious rooms and lavish bathrooms, including spas. AECOM, one of the vendors in the market, provides interior design services for the leisure and hospitality sectors. The growing retail industry further provides an opportunity for the growth of the commercial segment.
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Our Interior Design Services Market Report Covers the Following Areas:
Regional Market Outlook
35% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for interior design services in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increase in the demand for construction services from developing countries, such as China, Japan, and India will facilitate the interior design services market growth in APAC over the forecast period.
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Interior Design Services Market 2021-2025: Key Highlights
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Interior Design Services Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2021-2025 |
$ 24.13 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.30 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 35% |
Key consumer countries |
US, China, Japan, Germany, India, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AECOM, Aedas Ltd, DP Architects Pte Ltd, Foster Partners Group Ltd., Gensler. M. Arthur Gensler Jr. and Associates Inc., HDR Inc., Jacobs Engineering Group Inc., NIKKEN SEKKEI Ltd, Perkins Will International Group of Companies, and Stantec Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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