Global interior design market projected to reach USD 227.66 Billion by 2033

From GlobeNewswire: 2024-06-21 21:00:00

The Global Interior Design Market is projected to grow from USD 137.91 Billion in 2023 to USD 227.66 Billion by 2033, with a CAGR of 5.14%. Interior design involves inventive and technological ideas to enhance interior settings. The industry caters to a variety of projects, influenced by consumer lifestyles, design trends, and economic factors.

The repeated decorated segment is expected to dominate the global interior design market, driven by the growing trend of updating and renovating existing spaces. Commercial applications are projected to hold the largest share, fueled by government initiatives for public infrastructure projects worldwide.

Asia Pacific is projected to lead the global interior design market due to increasing construction activities in countries like China and India. The region is witnessing a rise in demand for luxury interior design services, driven by growing disposable incomes and a surge in home renovation projects.

North America is expected to experience rapid growth in the interior design market, with a focus on high-end services, affordability, and sustainability. The region is home to renowned design trends, DIY projects, and a shift towards eco-friendly designs.

Key vendors in the global interior design market include Gensler, Gold Mantis, HOK, HBA, Perkins+Will, and others. Recent developments include Asian Paints’ introduction of luxury design solutions to strengthen its position in the market. The market offers competitive analysis and insights into key organizations’ strategies, partnerships, and innovations.



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