Product Code: ETC374244 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India interior design market size was estimated around US$ 6 Billion; it has been anticipated that this number will cross US$ 8 Billion registering a double digit CAGR due to surge in demand for residential interior design services across major cities including Mumbai, Bangalore & Delhi NCR region on account of booming real estate sector coupled up surging trend towards renovation projects being undertaken across urban households/commercial spaces catering their aesthetic needs & requirements backed up positive per capita income ratios especially amongst tier I&II regions within country contributing significantly towards same simultaneous scenario observed herein under consideration throughout analyzed timeframe indifferently.
The India interior design market has experienced significant growth in recent years, driven by various factors. The rising disposable income and urbanization have led to an increased demand for aesthetically pleasing and functional living spaces. Additionally, the growing influence of social media and home improvement TV shows has sparked a surge in interior design awareness and aspiration among consumers.
The interior design market in India has seen significant growth in recent years, driven by increasing urbanization, rising disposable incomes, and a growing preference for aesthetically pleasing and functional living spaces. However, several factors act as restraints in this market. One of the primary challenges is the high cost associated with interior design services and materials, making it less affordable for a significant portion of the population. Moreover, the industry also faces competition from unorganized players offering cheaper alternatives, affecting the market share of established interior design firms.
The COVID-19 pandemic had a significant impact on India interior design market. With lockdowns and restrictions on mobility, the construction and real estate sectors faced disruptions, leading to a slowdown in new projects. As people spent more time at home, there was a shift in demand for home improvement and redesign, but overall consumer spending on non-essential items decreased. Interior design firms and businesses faced challenges due to labor shortages, supply chain disruptions, and decreased consumer confidence, impacting their revenue and growth prospects.
The interior design market in India has witnessed significant growth over the past few years. The rising disposable income, rapid urbanization, and increasing awareness of aesthetically appealing living spaces have contributed to the expansion of this market. Key players in the India interior design industry include well-established companies like Asian Paints, Godrej & Boyce, Pepperfry, Livspace, and Urban Ladder.