Interior Design Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 7/11/2022
SIC Codes: 7389
NAICS Codes: 541410
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Interior Design Services Industry Profile

Companies in this industry plan and design interior spaces such as hotels, hospitals, residences, commercial businesses, and offices. Although no major companies dominate the industry, a number of large architecture and design firms offer interior design services, such as AECOM, Gensler, HOK, and Perkins&Will (all based in the US), as well as DB&B (Singapore), M Moser Associates (Hong Kong), and Stantec (Canada).

The global interior design services market is forecast to grow by about $24 billion at a compound annual growth rate (CAGR) of 4% from 2021 to 2026, according to Technavio. Global construction output, a key driver for interior design services, is growing quickly and will reach $15.5 trillion by 2030, according to PricewaterhouseCoopers. China, the US, and India account for a significant total of all global growth.

The US interior design industry includes about 13,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $12 billion.

COMPETITIVE LANDSCAPE

Construction and renovation?of residential, commercial, industrial, and institutional buildings drive demand for interior design services. The profitability of individual companies depends on?accurate bidding,?timely delivery, and a?steady volume?of projects. Large companies have advantages in marketing, developing partnerships, building a large client referral list, and getting priority service from suppliers. Small companies can compete effectively by providing better service, specializing, and using unique or custom product sources. The US industry is?highly fragmented: the 50 largest US firms account for ...

 
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