Can India Become the Next Global Hub for Interior Designing Market?

Interior design involves crafting an efficient layout to maximize a room’s potential in terms of both functionality and aesthetics, all while considering the space’s characteristics and the preferences of clients. The goal is to organize the space in a way that optimizes each area with a suitable style that reflects the needs, personality, and tastes of the client. A skilled interior designer must possess good taste and creativity to select the appropriate combination of colors, materials, furniture, and decorations, not only creating a visually appealing layout but also ensuring its functionality within constraints.

Effective interior design can transform even a small studio apartment into a spacious and inviting living space through thoughtful design choices and lighting. Conversely, poor interior design can make a larger house feel cramped and uncomfortable. In India, the realm of interior design encompasses architects, interior designers, trade professionals, and educators who collaborate in planning, designing, and decorating interior spaces.

With increasing real estate activities, rapid urbanization, rising disposable incomes, and government initiatives to promote real estate development, the interior design market in India is poised for significant growth, expected to witness a Compound Annual Growth Rate (CAGR) of approximately 15% during the forecast period.

The market is segmented into commercial and residential applications, with commercial interior design dominating the market share in 2020 due to increased investment in real estate, especially in major cities like Delhi, Mumbai, Ahmedabad, Bangalore, Chennai, Kolkata, Hyderabad, and Pune. Urbanization trends are reshaping living standards, driving demand for commercial spaces.

Regarding types of decoration, the market is categorized into renovation and new projects. The new decoration segment holds a substantial share in India’s interior design market, expected to grow steadily due to evolving work cultures and a preference for high-end lifestyles, leading to the creation of designer commercial spaces and well-designed homes.

Market analysis considers nationwide presence, with North India experiencing significant growth in 2020, attributed to urbanization, real estate investments, corporate office expansions in the Delhi-National Capital Region (NCR), and increased housing projects.

Major players in the 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.

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