US Interior Design Market Size, Share, and COVID-19 Impact Analysis, By Type (Newly Decorated and Repeated Decorated), By End User (Commercial and Residential), and US Interior Design Market Insights, Industry Trend, Forecasts to 2033.
Industry: Consumer GoodsUnited States Interior Design Market Insights Forecasts to 2033
- The Market Size is Growing at a CAGR of 4.2% from 2023 to 2033
- The United States Interior Design Market Size is Expected to Reach a significant share by 2033
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The US Interior Design Market Size is Anticipated to Exceed a significant share by 2033, growing at a CAGR of 4.2% from 2023 to 2033.
Market Overview
Interior design is described as the skilled and thorough process of designing an interior space that meets, safeguards, and reacts to human requirements. It is the planning of a sustainable, functional interior solution that aligns with the architecture of a space, combining creativity, technical aspects, and business considerations, while also prioritizing well-being, safety, and health, and making informed choices about style and aesthetics. The interior design industry is experiencing a shift towards sustainable design and eco-friendly practices due to growing environmental concerns, driving market CAGR. Consumers are increasingly leaning towards products and designs that show dedication to environmental responsibility by utilizing sustainable sourcing, recycled materials, and energy-efficient systems. Research conducted by Interior Design Studio found that the modern farmhouse trend was prevalent in 32 states across the United States in 2023, with Texas, Ohio, and North Carolina being the most enthusiastic adopters. Increasing costs and interest rates for mortgages on homes have spurred the demand for small homes, leading to new prospects for the interior design industry. The US interior design services market growth is being driven by an increasing emphasis on aesthetic appeal, functionality, and sustainability in both residential and commercial spaces. There is a growing desire among consumers for personalized and unique interior spaces that reflect their style and meet their specific needs. This trend is evident in both residential and commercial sectors, where clients seek customized solutions that combine aesthetics with functionality.
Report Coverage
This research report categorizes the market for the US interior design market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States interior design market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.S. interior design market.
US Interior Design Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 4.2% |
Historical Data for: | 2019 - 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By End User |
Companies covered:: | Gensler. M. Arthur Gensler Jr. & Associates Inc., NELSON Worldwide, LLC, Stantec Inc., CannonDesign, Hirsch Bedner Associates, Perkins Eastman, HKS Inc., Smith Group Companies, Inc, Others, and |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, and Analysis |
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Driving Factors
Smart home technology and sustainable materials primarily drive the market. Customers seek designs that integrate state-of-the-art technologies to provide comfort, convenience, and energy efficiency. Interior designers are using software and virtual reality tools to offer clients immersive previews of design projects, improving decision-making processes. Sustainability is a key area of interest in the US interior design services market, where both clients and designers emphasize the use of eco-friendly materials and energy-efficient designs. The focus is on developing spaces that are both healthy and environmentally sustainable, incorporating non-toxic materials, natural elements, and designs that enhance natural light.
Restraining Factors
Interior design work presents a range of challenges, including finding the right supplier and keeping up with the latest tools and technology for increased efficiency.
Market Segmentation
The US interior design market share is classified into type and end user.
- The epeated decorated segment is expected to hold a significant market share through the forecast period.
The United States interior design market is segmented by type into newly decorated and repeatedly decorated. Among these, the repeated decorated segment is expected to hold a significant market share through the forecast period. Lots of homeowners and businesses often change their interior designs to keep up with evolving trends, preferences, and functional requirements. The continuous demand for remodeling and updating fuels a robust market for frequent redecorating.
- The esidential segment is expected to dominate the US interior design market during the projected period.
Based on the end user, the United States interior design market is divided into commercial and residential. Among these, the residential segment is expected to dominate the US interior design market during the projected period. There is a growing number of individuals seeking interior design services, such as e-design and full interior renovations, for their homes.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United States interior design market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Gensler. M. Arthur Gensler Jr. & Associates Inc.
- NELSON Worldwide, LLC
- Stantec Inc.
- CannonDesign
- Hirsch Bedner Associates
- Perkins Eastman
- HKS Inc.
- Smith Group Companies, Inc
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In August 2023, Stanford University created a new type of paint that can help lower energy consumption and emissions by insulating buildings better, tackling a significant worldwide energy issue.
Market Segment
This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Interior Design Market based on the below-mentioned segments:
United States Interior Design Market, By Type
- Newly Decorated
- Repeated Decorated
United States Interior Design Market, By End User
- Commercial
- Residential
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