Interior Design Services Market Size Worth $ 208.71 Billion By 2032 | CAGR: 6.20%

Interior Design Services Market Size Worth $ 208.71 Billion By 2032 | CAGR: 6.20%


The global interior design services market size is expected to reach USD 208.71 billion by 2032, according to a new study by Polaris Market Research. The report “Interior Design Services Market Share, Size, Trends, Industry Analysis Report, By Type (Newly Decorated and Repeated Decorated); By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rapidly increasing investments in research & development activities and technological advancements in the field of digital designing and the growing proliferation of elevating the execution of interior designing like machine learning, artificial intelligence, and virtual reality, among others, by key companies to remain competitive in the global market, has been the prominent factors influencing the market growth.

The continuous shift in consumer preference and expectation towards leisure and the growing introduction to smart workstations globally, along with the presence of several government initiatives promoting the development of smart cities, smart government institutes, healthcare infrastructure, and airports for the public, has also fueled the need and demand for technology-integrated and smart planning design services over the years. For instance, in April 2023, IKEA unveiled its new affordable interior design service, allowing customers to schedule online appointments to connect with IKEA's expert interior designer and help them to develop custom designs for their space as per the requirements. It is designed to help redesign any home or business space, including offices, retail spaces, etc.

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With the continuous increase in consumer disposable income and spending power, customers are willing to choose the design, color, and style according to them their house. If they are unhappy with the design or style provided by architects or builders, they are highly likely to go beyond the basic plan and incur extra costs to get their preferred method or color, which is expected to create huge growth opportunities for interior design service providers soon. Furthermore, the emerging trend and penetration for opening glass walls across the globe have been developing new growth potential for the market. As in a wide array of workplace & educational settings, there is a growing emphasis on the open-ness to foster creativity, and opening glass wall, designs offer a feeling of connectedness and teaming, which is highly preferred among various spaces.

Interior Design Services Market Report Highlights

  • Newly decorated segment accounted largest market share in 2022, mainly due to integration of several advanced technologies like virtual reality, augmented reality, and 3D printing
  • Residential segment is anticipated to grow at a healthy CAGR during the projected period, on account of increasing prevalence among homeowners regarding the renovation and redesigning of their homes
  • North America region dominated the market with considerable market share in 2022, that is driven by rising popularity of aesthetic appeal in both residential and commercial spaces and widespread adoption of technological advancements
  • The global key market players include M Moser Associates, Nelson Worldwide, Perkins & Will, DP Architects, Areen Design, AECOM, and Jacobs Engineering

Polaris Market Research has segmented the interior design services market report based on type, end-user, and region:

Interior Design Services, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Newly Decorated
  • Repeated Decorated

Interior Design Services, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

  • Residential
  • Commercial

Interior Design Services, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Interior Design Services Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 128.89 billion

Revenue forecast in 2032

USD 208.71 billion

CAGR

6.20% from 2024– 2032

Base year

2023

Historical data

2019– 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Type, By End-User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Areen Design Services Ltd., Cannon Design, DB&B, DP Architects Pte Ltd., Gold Mantis Technical Works LLC, HDR Inc., Jacobs Engineering Group Inc., M Moser Associates, Nelson Worldwide, Perkins & Will, Perkins Eastman, Stantec Inc., Yabu Pushelberg, IA Interior Architects, Hirsch Bedner Associates, Foster Partners Grpup, Aecom, and CallisonRTKL Inc.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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