Creating an aesthetically pleasing environment inside a building is the aim of an interior designer. It has an impact on people’s daily life, including how they work and relax. Interior designers create comfortable homes, effective offices, and spectacular public spaces. In India, the interior design business is made up of trade members, architects, and interior designers who are in charge of planning, creating, and decorating interior spaces. Increased population, affluence, urbanization, and the country’s booming real estate industry are driving the country’s interior design sector. Smart houses, the impact of social media, and changes in the living standards and lifestyle of the populace are other elements that contribute to an increase in demand for interior design services. The Indian interior design market is also growing as a result of the increase in interior designers and interior design firms in the country.
According to the research report, “India Interior Design Market: Current Analysis and Forecast (2021-2027)” asserts that the thriving real estate sector is what is driving the Indian interior design market. The market for interior design in India is expanding as a result of urbanization, rising income levels, and population expansion. The smart home system, social media manipulation, and changes in lifestyles and living standards are some additional reasons influencing the rising need for interior design services. Furthermore, some other factors such as due to increasing real estate investments, owing to growth in the real estate industry, and theme-based office & home interiors are also boosting the India Interior Design Market.
On the basis of the applications, the India Interior Design Market is segmented into Commercial and Residential. The interior design market in India was dominated by commercial interior design in 2020. The main cause of this is the expansion of real estate investment. The traditional way of life is changing as a result of the fast urbanization occurring in important cities like Delhi, Mumbai, Ahmedabad, Bangalore, Chennai, Kolkata, Hyderabad, and Pune. The market is likely to continue to experience a wonderful window of opportunity to capitalize on the rising demand for commercial space over the forecast period.
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By Type of Decoration
In terms of types of decoration, the India Interior Design Market is categorized into Renovation and New. Among them, the new decorating sector held a significant part of the Indian interior design market and is predicted to rise steadily throughout the projection period. The change in work culture and India’s growing preference for high-end lifestyles are to blame for the category’s growth. As a result, new, well-designed business spaces and stunning houses are being built, contributing to the market’s expansion.
Some major key players in the India Interior Design Market are:
Aamir & Hameeda
The Kari Ghars
Morph Design Co. by Prestige Construction
Based on the regions, the India Interior Design Market is primarily split into North, South, East, and West India. North India will have a significant CAGR in 2020 as a result of expanding urbanization, increased investments in the real estate sector, an increasing number of national and international corporate headquarters in the Delhi-National Capital Region (NCR), and an increasing number of housing projects presented in the region by public organizations and private builders.
Over the impending years, the India Interior Design Market will grow rapidly due to the rising real estate market and the increasing number of interior designers across India during the forecasted period of 2027. Likewise, the benefits of interior design are fueling market expansion. One of the key benefits of interior design is that it can maximize the amount of available space. Furthermore, a modern interior design that equips spaces with the most recent technological breakthroughs for optimal comfort will increase the market.
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Ankur Gupta, Head Marketing & Communications