Interior Design Services Global Market Report 2024

The interior design services market size has grown strongly in recent years. It will grow from $121.17 billion in 2023 to $128.43 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth observed during the historic period can be attributed to several factors, including increased home sales, evolving lifestyles, rising consumer awareness, fluctuations in the housing market, and increased spending on interior design services.

The interior design services market size is expected to see strong growth in the next few years. It will grow to $164.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be attributed to several factors, including projected economic expansion, an aging population, the shift towards remote work, growing awareness of the impact of interior environments on well-being, and ongoing digital transformation efforts. Major trends expected during the forecast period include a growing preference for virtual interior design solutions, integration of technology tools in design processes, increased focus on creating inviting and functional interior spaces, rising interest in outdoor living spaces, and the integration of smart home technologies.

The anticipated growth in the construction industry is set to drive the expansion of the interior design services market in the future. This industry encompasses all activities related to planning, designing, constructing, and maintaining structures, infrastructure, and buildings. Its rise is fueled by factors such as increasing urbanization, infrastructure demands, and investments in real estate and public works projects. Interior design services play a crucial role in construction by creating visually appealing and functional indoor spaces that meet clients' preferences and requirements. For instance, in December 2023, based on data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, construction spending reached a seasonally adjusted annual rate of$2.02 trillion, marking a 0.6% increase from the revised September estimate of$2.01 trillion. From January to October, construction spending totaled$1.64 trillion, showing a 5.6% rise compared to the same period in 2022. Hence, the growing construction sector is fueling the expansion of the interior design services market.

Key players in the interior design services market are concentrating on developing innovative solutions, such as AI-powered interior design platforms, to gain a competitive advantage. An AI-powered interior design platform is a digital tool or software that leverages artificial intelligence (AI) algorithms and technologies to assist users in designing interior spaces. For instance, in March 2024, Icon Technology Inc., a U.S.-based company specializing in 3D-printed housing services and developing robotic and AI systems, unveiled Vitruvius, an AI system tailored for home design and construction purposes. This system enables users to input their preferences and requirements to generate floor plans, interior and exterior visualizations, and even essential construction documents. Vitruvius aims to simplify the creation of personalized floor plans and construction blueprints, generating comprehensive construction schedules and budgets in the process. By combining design and construction expertise, the system creates designs that are not just visually appealing but also practical for construction purposes.

In February 2021, Blackstone Inc., a U.S.-based investment management company, acquired Interior Logic Group Holdings LLC for around $1.6 billion. This acquisition expands Blackstone's portfolio by adding a leading provider of interior design solutions to homebuilders, strengthening its position in the real estate value chain. Interior Logic Group Holdings LLC, a U.S.-based company offering interior design services and solutions for the building industry, brings significant expertise to Blackstone's offerings.

Major companies operating in the interior design services market are Jacobs Engineering Group Inc., AECOM Technology Corporation, Stantec Inc., Arcadis NV, SmithGroup Ltd., HDR Inc., Gensler, Perkins And Will Inc., Arcadis IBI Group, Nelson Worldwide Holdings Inc., Hirsch Bedner Associates Inc., HOK Group Inc., Foster + Partners Group Ltd., CallisonRTKL Inc., Cannon Design Inc., Perkins Eastman Inc., ZGF Architects LLP, Woods Bagot Architects Pty Ltd, Samoo Architects And Engineers Co. Ltd., IA Interior Architects, Areen Design Services Ltd., Rockwell Group LLC, Yabu Pushelberg, Avroko Design LLC, Rapt Studio Inc.

North America was the largest region in the interior design services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interior design services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the interior design services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Interior design services encompass professional services offered by trained and experienced individuals or firms to plan, design, and execute interior spaces based on clients' functional needs and aesthetic preferences. These services involve various activities aimed at creating visually appealing, functional, and harmonious interior environments that enhance quality of life or support business objectives.

The primary types of interior design services include newly decorated and repeated decorated projects. Newly decorated projects involve enhancing or embellishing interior spaces by introducing elements of color or design to alleviate any sense of plainness or monotony. Additionally, specialized interior design services cater to specific sectors such as hospitality, healthcare, retail, office, restaurant, and event and exhibition design, serving a diverse range of end-users, including commercial and residential clients.

The interior design service market research report is one of a series of new reports that provides interior design service market statistics, including interior design service industry global market size, regional shares, competitors with a interior design service market share, detailed interior design service market segments, market trends and opportunities, and any further data you may need to thrive in the interior design service industry. This interior design service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The interior design services market includes revenues earned by entities by providing services such as space planning, furniture selection, color scheme design, lighting solutions, and material sourcing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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