Latest News- Interior Design Services Market: Commercial is expected to lead the End-user segment during 2025-2029

The Interior Design Services Market is being driven by Increase in worldwide construction activities

The Interior Design Services Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 31.77 billion. The global interior design services market is witnessing significant advancements driven by technological innovations in digital designing, planning, and execution. Vendors are investing heavily in research and development, establishing digital design labs, and integrating technologies such as machine learning, virtual reality (VR), and artificial intelligence (AI) to enhance the interior design process. For instance, AECOM's AI-powered platform, Capture, streamlines conventionally complex, time-consuming, and subjective project management processes. VR technology addresses the limitations of verbal explanations and 2D drawings by providing immersive, interactive design experiences. These technological advancements enable interior design services to become more productive, safer, and responsive to client needs. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Commercial
  • Residential
• Application
  • Newly decorated
  • Repeated decorated
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in worldwide construction activities
• Increasing adoption of interior design software for higher productivity
• Improvement in standard of living and introduction of premium interior designing services

However, the market also witnesses some limitations, which are as follows:

• Presence of unorganized players and intense competition among existing players
• High cost hindering demand from residential customers in developing regions
• Stringent government and environmental regulations

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Market Scope in Interior Design Services Market Research Report

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Research Analysis Overview

The interior design industry is experiencing a shift towards sustainability and eco-friendly practices in both residential and commercial segments. Tier 1 and tier 2 cities are embracing AR technologies to visualize kitchen, bedroom, and bathroom designs, while consumers prioritize sustainable sourcing, recycled materials, and energy-efficient systems. Real estate and commercial real estate sectors, including co-working spaces, are incorporating health and wellness trends, climate change concerns, and cultural diversity in their interior designs. Property owners are seeking designers who integrate traditional elements and heritage into sustainable designs, addressing environmental concerns and the latest interior design trends.

Market Research Overview

The global market for specialized consumer services, encompassing sectors such as residential services, home security services, legal services, personal services, and renovation and interior design services, among others, is experiencing significant growth. According to Technavio's market research, this market is driven by the increasing demand for home improvement and design services in both tier 1 and tier 2 cities, as well as the integration of advanced technologies like AR in interior design. Furthermore, the expansion of commercial real estate, co-working spaces, and smart cities, along with public infrastructure projects in urban areas, presents ample opportunities for architecture businesses and interior design service providers. The market size is calculated based on the revenue generated by these specialized consumer service providers, excluding those in the casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services categories. Key industries contributing to the growth of the market include real estate, Olympic Games, and airports, where the need for furniture and interior design services is paramount.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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