India Interior Design Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Interior design is about creating an efficient layout to make use of most of a room's potential in terms of use and aesthetics while taking into account the characteristics of the space and the desired style of customers. The objective of interior design is to arrange the space to optimize the zones with an accurate style that matches the needs, the personality, and the specific tastes of the customer. The interior designer must have good taste and creativity to select the right combination of colors, materials, furniture, and decoration that will not only produce a beautiful layout but will manage constraints and ensure that it is functional. It has the ability to showcase even a studio apartment as a residence that has enough space with the help of good interior design and comforting lighting. Whereas, a poor interior design can make a larger house that lacks space. Interior design in India comprises architects, interior designers, trade members, and educationists in the planning, designing, and decorating the interior spaces.

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According to UnivDatos Market Insights (UMI)’ research report “India Interior Design Market”, the market is expected to witness a CAGR of around 15% growth during the forecast period (2021-2027). This can be mainly attributed to the constant growth in the urban population in order to get better housing and services, healthcare, education, job opportunities, and higher wages.

Based on application, the market is segmented into commercial and residential. In 2020, commercial interior design accounted for a prominent share of the market. This can mainly be attributed to increasing investment in the real estate sector. The rapid urbanization in major cities, such as Delhi, Mumbai, Ahmedabad, Bangalore, Chennai, Kolkata, Hyderabad, and Pune, is reshaping the traditional way of living. Commercial space demand surges and the sector is expected to further witness a tremendous opportunity during the forecast period.

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Based on the type of decoration, the market is categorized into renovation and new. Among these, the new decoration segment held a significant share in India’s interior design market and is expected to grow at a steady rate during the forecast period. The shift in India's work culture and the growing interest in luxury lifestyles are key factors driving the growth of this category. This is leading to the development of new designer commercial spaces and well-designed, beautiful homes, hence helping in the growth of India’s interior design market.

North India is expected to witness substantial growth during the forecast period

In 2020, North India held a prominent share in India’s interior design market. The urbanization rate, increasing investments in the real estate sector, a mounting number of national and international corporate offices in the Delhi-National Capital Region (NCR), and a rising number of housing projects introduced by public organizations and private builders are expected to drive the growth in the region.

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According to ‘UnivDatos Market Insights (UMI)’, the key players with a considerable market share operating in the India interior design market include Aamir & Hameeda, Livspace, Sobha Interiors, Ace Interiors, Acme Interiors, The KariGhars, Morph Design Co. by Prestige Construction, Design Qube, Carafina, and De Panache. These companies are taking various strategic decisions to increase their market presence and share  

“India Interior Design Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.    

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Market Segmentation:

1.      By Type of decoration (Renovation and New)

2.      By Application (Commercial and Residential)

3.      By Region (North India, South India, East India, West India)

Key questions answered in the study:

1.      What are the current and future trends in India’s interior design industry?

2.      How the industry has been evolving in terms of the type of decoration and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for India’s interior design industry?

5.      What are the customer orientation, purchase behavior, and expectations from India’s interior design product suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE INDIA INTERIOR DESIGN MARKET

6 INDIA INTERIOR DESIGN MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY TYPE OF DECORATION

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY REGION

10 INDIA INTERIOR DESIGN MARKET DYNAMICS

11 INDIA INTERIOR DESIGN MARKET OPPORTUNITIES

12 INDIA INTERIOR DESIGN MARKET TRENDS

13 DEMAND AND SUPPLY-SIDE ANALYSIS

14 VALUE CHAIN ANALYSIS

15 COMPETITIVE SCENARIO

16 COMPANY PROFILED

17 DISCLAIMER

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