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Interior Design Services Market to register a growth of USD 24.13 billion at a CAGR of 4%|Shifting consumer expectation towards leisure and work experience is a key driver | Technavio | State

NEW YORK, Feb. 1, 2022 /PRNewswire/ — The interior design services market is estimated to grow by USD 24.13 billion from 2020 to 2025, and the market’s growth is anticipated to accelerate at a CAGR of 4%.

Factors such as the shift of consumer expectation towards leisure and also government initiatives for the development of smart cities are significantly driving the interior design services market.

Our research report on “Interior design services market – Forecast and Analysis Report 2021-2025” has extensively covered factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market share during the forecast period.

Interior Design Services Market report key highlights

  • Estimated year-on-year growth rate: 3.30%
  • Key market segments: End-user (commercial and residential), and Geography (North America, APAC, Europe, South America, and MEA)
  • Key Consumer Region & contribution: APAC at 35%

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Do reach out to our analysts for more customized reports as per needs. Speak to our Analyst now!

Interior Design Services market trend

    • R&D investment and technological advancement

The investment in R&D along with advancement in technology in digital designing is one of the key factors driving the growth of global interior design market share growth. Moreover, innovations in technology into digital designing, planning, and execution is a rising trend in the interior design services market. In addition, the innovations in technological platforms are fueling the execution of interior designing like machine learning, VR, and AI. Also, there has been a rise in investments into R&D by the vendors for launching digital design labs to remain competitive in the market.

Interior Design Services market challenge

    • Unorganized players and intense competition

The presence of unorganized players and intense competition among the existing players is one of the key challenges for the interior design services market share growth. There are a variety of vendors present in the market from small single-type service providers to large MNCs offering multiple types of interior design services. Also, the competition among established vendors is intense depending on various parameters. Additionally, the new entrants offering services at lower prices, convenience along with online logistics to customers is estimated to further intensify the market competition.

Get free sample for extensive insights on key market Drivers, Trends, and Challenges influencing the interior design services market.

Key market vendors insights

The interior design services market is fragmented, and the vendors are deploying various organic and inorganic strategies to compete in the market.

Some of the key market vendors are:

  • 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
  • Stantec Inc.

For more detailed highlights on products offerings and the growth strategies adopted by other vendors, Download free sample report

  • Key Segment Analysis by End-user

The commercial segment will be significant in the interior design market share growth during the forecast period. The rise in the number of commercial construction projects is expected to boost the commercial segment in the global interior design services market during the forecast period. Commercial interior designers conceptualize spaces for businesses to increase functionality and elevate style for financial gain. Moreover, the rise in commercial constructions such as hotels, restaurants, and amusement centers is influenced by the rise in tourism.

Regional Market Analysis

APAC will contribute to 35% of the global interior design services market share growth during the forecast period. China, India, and Japan are the major markets for interior design services in APAC.

The demand for construction services is rising significantly in developing countries like China, India, and Japan is expected to boost the interior design services market growth in the region.

Request our free sample for additional highlights and key segments that are expected to impact the market during the forecast period.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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