India Interior Design Market: Current Analysis and Forecast (2021-2027)

About the Report

About the Report

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. Thus, with the growing real estate activities, rapid urbanization coupled with rising disposable income and surging government initiatives to promote and develop real estate are driving the growth of the market. The India interior design market is expected to witness a CAGR of ~15% during the forecast period.
Based on application, the market is segmented into commercial and residential. In 2020, commercial interior design accounted for a prominent share in India's interior design 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 to leverage in the forecast period.
On the basis of type of decoration, the market is categorized into renovation and new. Among these, the new decoration segment held a major share in India's interior design market and is expected to grow at a steady rate during the forecast period. The reason for the growth of the category is the shift in the work culture and a developing taste for high-end lifestyles in India. This is leading to the development of new designer commercial spaces and well-designed, beautiful homes, hence helping in the growth of the market.
For a better understanding of the market adoption of the interior design industry, the market is analyzed based on its nationwide presence in the regions such as North, South, East, and West India. In 2020, North India held a prominent CAGR due to the growing 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, in the region.
Some of the major players operating 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.

Products


Companies

Aamir & Hameeda, Livspace, Sobha Interiors, Ace Interiors, Acme Interiors, The KariGhars, Morph Design Co. by Prestige Construction, Design Qube, Carafina, and De Panache

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stakeholders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the India Interior Design Market

2.2. Research Methodology of the India Interior Design Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the India Interior Design Market Study

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

7.1. Renovation

7.2. New

8 MARKET INSIGHTS BY APPLICATION

8.1. Commercial

8.2. Residential

9 MARKET INSIGHTS BY REGION

9.1. North India Interior Design Market

9.2. South India Interior Design Market

9.3. East India Interior Design Market

9.4. West India Interior Design Market

10 INDIA INTERIOR DESIGN MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 INDIA INTERIOR DESIGN MARKET OPPORTUNITIES

12 INDIA INTERIOR DESIGN MARKET TRENDS

13 DEMAND AND SUPPLY-SIDE ANALYSIS

13.1. Demand Side Analysis

13.2. Supply Side Analysis

14 VALUE CHAIN ANALYSIS

15 COMPETITIVE SCENARIO

15.1. Porters Fiver Forces Analysis

15.1.1. Bargaining Power of Buyer

15.1.2. Bargaining Power of Supplier

15.1.3. Intensity of Rivalry

15.1.4. Threats of New Entrant

15.1.5. Threat of Substitute

16 COMPANY PROFILED

16.1. Aamir & Hameeda

16.2. Livspace

16.3. Sobha Interiors

16.4. Ace Interiors

16.5. Acme Interiors

16.6. The KariGhars

16.7. Morph Design Co. by Prestige Construction

16.8. Design Qube

16.9. Carafina

16.10. De Panache

17 DISCLAIMER

 

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