Interior Design Services Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70472
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The interior design services market share is expected to increase by USD 24.13 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%.

This interior design services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers interior design services market segmentation by end-user (commercial and residential) and geography (APAC, North America, Europe, South America, and MEA). The interior design services market report also offers information on several market vendors, including 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. among others.

What will the Interior Design Services Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Interior Design Services Market Size for the Forecast Period and Other Important Statistics

 

Interior Design Services Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in demand from commercial infrastructure sector is notably driving the interior design services market growth, although factors such as presence of unorganized players and intense competition among existing players may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the interior design services industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Interior Design Services Market Driver

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

Key Interior Design Services Market Trend

The R&D investments and technological advancements in digital designing is another factor supporting the interior design services market share growth. 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.

Key Interior Design Services Market Challenge

The presence of unorganized players and intense competition among existing players will be a major challenge for the interior design services market during the forecast period. The global interior design services market is highly fragmented. Few vendors account for significant market share. The vendors also range in size, from small companies focusing on a single type of service to large multinational corporations offering multiple interior designing services. The competition is intense between established vendors based on various parameters, such as differentiation, product portfolio, premiumization, and pricing. The competitors in the market vary by the type of service that they provide across different regions and compete based on design, the experience of the designer, brand experience, and service. In developing regions, smaller players offer services at lower prices. The entry of new startups offering lower prices, consumer convenience, and online logistics will further intensify competition.

This interior design services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global interior design services market as a part of the global specialized consumer services market.  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the interior design services market during the forecast period.

Who are the Major Interior Design Services Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the interior design services market encompasses successful business strategies deployed by the key vendors. The interior design services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • AECOM - The company provides appropriate and innovative ideas based on client needs.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The interior design services market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Interior Design Services Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the interior design services market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the specialized consumer services market includes the following core components:

  • Inputs
  • Operations
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Interior Design Services Market?

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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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Interior Design Services Market?

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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. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the interior design services market size and actionable market insights on post COVID-19 impact on each segment.

 

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

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What are the Key Data Covered in this Interior Design Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive interior design services market growth during the next five years
  • Precise estimation of the interior design services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the interior design services industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of interior design services market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Commercial - Market size and forecast 2020-2025
    • Residential - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The interior design services market growth will increase by $24.13 billion during 2020-2025.
      The interior design services market is expected to grow at a CAGR of 4.02% during 2020-2025.
      Technavio has segmented the interior design services market by end user (Commercial and Residential) and geographic (APAC, North America, Europe, South America, and MEA).
      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. are a few of the key vendors in the interior design services market.
      APAC will register the highest growth rate of 34.94% among the other regions. Therefore, the interior design services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Japan
      • Germany
      • India
      • Canada
      The key factors driving the interior design services market growth are:
      • Increase in worldwide construction activities
      The interior design services market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
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