Interior Design Services Market to Surpass 79.6 Billion by 2030 Drives Due to Evolving Consumer Preferences
SkyQuest projects that the interior design services market will attain a USD 79.6 billion value by 2030, with a CAGR of 7.4% over the forecast period (2023-2030). Global interior design services market is propelled by evolving consumer preferences for aesthetically pleasing and functional spaces. As individuals seek personalized and unique design solutions, the demand for professional interior design services grows, driving market expansion.
Westford, USA, Aug. 21, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, increasing real estate activities worldwide fuel the interior design services market. Property developers and homeowners enlist interior designers to enhance property value and market appeal, leading to a steady demand for innovative design concepts and services.
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- Pages – 165
- Tables – 62
- Figures – 75
A growing focus on employee well-being and brand identity drives demand in corporate and commercial sectors within the interior design services market. Businesses acknowledge the influence of thoughtfully designed spaces on productivity and customer experience, creating a heightened requirement for specialized design services that craft captivating and functional environments.
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Prominent Players in the Interior Design Services Market
- IA Interior Architects
- Nelson Worldwide
- Wilson Associates
- Hirsch Bedner Associates (HBA)
- Woods Bagot
- SOM (Skidmore, Owings & Merrill)
- Perkins Eastman
- Geyer Design
Commercial Segment is Expected to Grow the Market Due to Increasing Recognition of Well-Designed Spaces
Commercial segment emerges as the fastest-growing sector in the interior design services market due to the increasing recognition of well-designed spaces in enhancing customer experiences and brand image. Businesses across industries are investing in captivating interior designs for retail outlets, hospitality spaces, and offices, driving the demand for innovative and specialized design solutions.
Asia Pacific emerges as the fastest-growing hub in the interior design services market. Rapid urbanization, expanding middle-class demographics, and increased disposable income fuel a surge in demand for modern living and commercial spaces. These factors collectively drive the region’s accelerated growth within the industry.
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Residential Segment is Expected to Dominate the Market Due to the Significance of Personalized Living Spaces
The dominance of the residential segment in the interior design services market is attributed to the growing importance of personalized living spaces. Rising homeowner expectations for distinct and cozy interiors and the prevalence of renovation trends drive the need for expert design services. This dynamic underscores the continuous growth and prevalence of the residential segment in the industry.
North America is prominent in the interior design services market due to its robust economy, urbanization, and design-conscious culture. High disposable incomes, commercial projects, and residential demands drive the region’s dominance, making it a significant hub for innovative and thriving interior design services.
A comprehensive analysis of the major players in the interior design services market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
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Key Developments in the Interior Design Services Market
- In 2022, a significant player in the global interior design services market, Gensler, revealed the inauguration of their second German office in Berlin. This move reflects their dedication to the local creative economy and German market expansion.
- Recently, AECOM, a globally renowned infrastructure consulting firm, revealed the integration of Digital AECOM’s PlanEngageTM platform into the Microsoft Azure Marketplace. This innovative digital solution facilitates public involvement and comprehension in planning, providing infrastructure owners efficient access through Azure’s dependable cloud platform for simplified deployment and management.
Key Questions Answered in Interior Design Services Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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