GITNUX MARKETDATA REPORT 2023

Interior Design Industry Statistics [Fresh Research]

Facts about this Market Data Report

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Highlights: The Most Important Interior Design Industry Statistics

  • The global interior design market size was valued at USD 130.85 billion in 2020.
  • The market is expected to grow at a CAGR of 3.3% from 2021 to 2028.
  • The residential segment accounted for 60.3% of the market revenue in 2020.
  • Nearly 35% of interior designers own their own businesses.
  • Between 2016 and 2026, the U.S. Bureau of Labor Statistics projected a 4% growth rate for employment in the interior design industry.
  • There were approximately 75,500 employed interior designers in the United States in 2020.
  • The annual median wage for interior designers in the United States was $56,040 in 2020.
  • Online sales in the home furnishing market reached 18% in 2019.
  • Green building is one of the strongest growing sectors in the interior design market, growing at a CAGR of around 13%.
  • The commercial segment of interior design is expected to grow at a CAGR of 4.2% between 2021 and 2028.
  • The largest consumer group for interior design services is millennials, representing over 30% of customers.
  • The global furniture market size is expected to reach $786.6 billion by 2028, growing at a CAGR of 4.6% during the forecast period.
  • Asia Pacific accounted for the largest share of revenue in the interior design market in 2020 at 35.7%.
  • The market size of the interior design industry in the United States was $15.1 billion in 2021.
  • The interior design industry in the United States has experienced a 0.7% decline in growth between 2016 and 2021.
  • The number of interior design businesses in the United States increased by 4.2% in 2021.
  • In 2021, there were about 74,500 interior design-related businesses in the United States.
  • Kitchen and bathroom remodeling accounted for 75% of the residential interior design market in 2018.
  • In 2021, the United States accounted for a 30% share of the interior design industry in terms of attractiveness.

Table of Contents

The global interior design market, valued at $130.85 billion in 2020, is projected to grow at a 3.3% CAGR until 2028. 60.3% of 2020s revenue came from residential projects. 35% of interior designers are business owners, and the sector's workforce was predicted to grow 4% from 2016 to 2026. This amounted to roughly 75,500 U.S. interior designers in 2020, earning a median wage of $56,040.

The home furnishing online sales hit 18% in 2019, with green building being its fastest-growing sector, estimated to expand at a 13% CAGR. Commercial segments are forecasted to grow up to 4.2% between 2021 and 2028. Millennials make up 30% of interior design customers, leading other age groups like Gen Xers and Baby Boomers.

Global furniture markets are expected to reach $786 billion by 2028, and wallpaper markets, $29 billion by 2026 due to design and aesthetic demand. The Asia Pacific region leads with a 35% share of the global interior design market revenue. The U.S. industry, worth $151 billion, saw no decline over the past five years, but business numbers increased by 4%, totaling approximately 74,500 businesses. Kitchen and bathroom remodeling make up 75% of the residential segment. The U.S. holds 30% of the global market share.

The Most Important Statistics
The global interior design market size was valued at USD 130.85 billion in 2020. This statistic is a powerful indicator of the Interior Design Industry’s current state and its potential for growth. It shows that the industry is thriving and has a large market size, which could be a great opportunity for businesses to capitalize on. Additionally, it provides insight into the industry’s current trends and can be used to inform decisions about investments and strategies. This statistic is an invaluable resource for anyone looking to gain a better understanding of the Interior Design Industry. The market is expected to grow at a CAGR of 3.3% from 2021 to 2028. This statistic is a key indicator of the Interior Design Industry’s future prospects, as it suggests that the market is likely to experience steady growth over the next seven years. This is good news for interior designers, as it means that their services will remain in demand and they can look forward to a prosperous future.

Interior Design Industry Statistics Overview

The residential segment accounted for 60.3% of the market revenue in 2020.

This statistic is a telling indication of the importance of the residential segment in the interior design industry. It highlights the fact that the residential segment is a major contributor to the industry's overall market revenue, and thus, is an integral part of the industry. This statistic is a valuable insight for interior designers, as it provides them with an understanding of the importance of the residential segment in the industry.

Nearly 35% of interior designers own their own businesses.

This statistic is a telling indication of the Interior Design industry's potential for success. It shows that a significant portion of interior designers have taken the initiative to start their own businesses, suggesting that the industry is ripe with opportunity. This statistic is a valuable insight into the Interior Design industry, and is an important factor to consider when discussing the industry's overall success.

Between 2016 and 2026, the U.S. Bureau of Labor Statistics projected a 4% growth rate for employment in the interior design industry.

This statistic is a key indicator of the interior design industry's future prospects. It suggests that the industry is expected to experience steady growth over the next decade, providing a positive outlook for those considering a career in interior design. This is an important statistic to consider when discussing the interior design industry, as it provides a glimpse into the potential opportunities that may be available in the future.

There were approximately 75,500 employed interior designers in the United States in 2020.

This statistic is a valuable insight into the Interior Design Industry, providing a snapshot of the current state of the industry. It is an important indicator of the size and scope of the industry, and can be used to compare the industry's growth over time. Additionally, it can be used to identify potential areas of opportunity for interior designers, as well as to identify potential areas of competition.

The annual median wage for interior designers in the United States was $56,040 in 2020.

This statistic is a valuable insight into the Interior Design industry, providing a clear indication of the average wage for professionals in the field. It is an important indicator of the financial stability of the industry, and can be used to compare the wages of interior designers to other professions. Additionally, it can be used to inform potential interior designers of the potential salary they can expect to earn.

Online sales in the home furnishing market reached 18% in 2019.

This statistic is a testament to the growing popularity of online shopping in the home furnishing market. It shows that more and more people are turning to the internet to purchase furniture and other home decor items, which is a trend that is likely to continue in the future. This is an important statistic for anyone interested in the interior design industry, as it provides insight into the changing landscape of the market.

Green building is one of the strongest growing sectors in the interior design market, growing at a CAGR of around 13%.

This statistic is indicative of the Interior Design Industry's increasing focus on green building, demonstrating the industry's commitment to sustainability and environmental responsibility. It is a clear sign that the Interior Design Industry is adapting to the changing needs of the modern world, and is a testament to the industry's forward-thinking approach.

The commercial segment of interior design is expected to grow at a CAGR of 4.2% between 2021 and 2028.

This statistic is a key indicator of the interior design industry's future prospects, providing insight into the potential for growth in the commercial segment. It suggests that the industry is likely to experience a steady increase in demand over the next few years, making it an attractive option for those looking to invest in the sector. As such, this statistic is an important piece of information for anyone interested in the interior design industry and its potential for success.

The largest consumer group for interior design services is millennials, representing over 30% of customers.

This statistic is a telling indication of the Interior Design Industry's current landscape. It reveals that millennials are the most influential consumer group when it comes to interior design services, making up a significant portion of the customer base. This information is invaluable for anyone looking to gain insight into the industry, as it provides a valuable glimpse into the preferences and habits of the most important consumer demographic.

The global furniture market size is expected to reach $786.6 billion by 2028, growing at a CAGR of 4.6% during the forecast period.

This statistic is a crucial indicator of the Interior Design Industry's potential for growth. It shows that the global furniture market is expected to expand significantly over the next eight years, with a compound annual growth rate of 4.6%. This indicates that the Interior Design Industry has a bright future ahead, with plenty of opportunities for businesses to capitalize on.

Asia Pacific accounted for the largest share of revenue in the interior design market in 2020 at 35.7%.

The fact that Asia Pacific accounted for the largest share of revenue in the interior design market in 2020 is a testament to the region's growing influence in the industry. It is a clear indication that the interior design industry is thriving in the Asia Pacific region, and that the region is becoming a major player in the global market. This is an important statistic to consider when discussing the interior design industry, as it highlights the potential for growth in the region.

The market size of the interior design industry in the United States was $15.1 billion in 2021.

This statistic is a powerful indicator of the Interior Design Industry's current state and potential for growth. It provides a snapshot of the industry's size and scope, and can be used to inform decisions about investments, marketing strategies, and other business decisions. By understanding the market size of the Interior Design Industry in the United States, businesses can better understand the potential for success and the competitive landscape.

The interior design industry in the United States has experienced a 0.7% decline in growth between 2016 and 2021.

This statistic is a telling indication of the current state of the interior design industry in the United States. It reveals that the industry has experienced a slight decrease in growth over the past five years, which could be indicative of a larger trend in the industry. This information is important for readers of the blog post to be aware of, as it provides insight into the current state of the industry and can help inform their decisions when it comes to interior design.

The number of interior design businesses in the United States increased by 4.2% in 2021.

This statistic is a testament to the growing popularity of interior design businesses in the United States. It shows that more and more people are turning to interior design professionals to help them create the perfect living space. This increase in demand for interior design services is a sign of the industry's strength and resilience, and it's a great indicator of the potential for growth in the future.

In 2021, there were about 74,500 interior design-related businesses in the United States.

This statistic is a powerful indicator of the size and scope of the interior design industry in the United States. It shows that the industry is thriving and that there is a large number of businesses dedicated to providing interior design services. This statistic is important for anyone interested in the interior design industry, as it provides a snapshot of the current state of the industry and can be used to inform decisions about investments, marketing strategies, and more.

Kitchen and bathroom remodeling accounted for 75% of the residential interior design market in 2018.

This statistic is a powerful indicator of the Interior Design Industry's current focus. It shows that the majority of the market is devoted to kitchen and bathroom remodeling, which suggests that these are the areas of interior design that are most in demand. This information can be used to inform decisions about where to focus resources and efforts in the industry, as well as to provide insight into the current trends in interior design.

In 2021, the United States accounted for a 30% share of the interior design industry in terms of attractiveness.

This statistic is a testament to the United States' standing in the interior design industry. It shows that the US is a major player in the industry, and that it is a desirable destination for interior design professionals. This statistic is important to consider when discussing the interior design industry, as it provides insight into the industry's current state and potential for growth.

Conclusion

In 2020, the global interior design industry was valued at $130.85 billion, expected to grow at a 3.3% CAGR through 2028. The residential segment held 60.3% of this market. About 35% of interior designers own businesses, and the industry's employment was forecasted to grow 4% between 2016-2026, resulting in 75,500 U.S. professionals earning a median wage of $56,040.

Online home furnishing sales touched 18%, expected to reach $786 billion by 2028 at a 4% CAGR. Green building, the fastest-growing commercial sector, is set to expand at a 13% CAGR. Millennials form over 30% of customers globally, with Asia Pacific holding 35% market share, followed by the U.S. at 30%.

The U.S. interior design market, valued at $151 billion, saw a stable performance from 2016-2021, with a 4.2% increase in businesses, totaling 74,500. Kitchen and bathroom remodeling were key contributors to the residential segment's success.

References

0. - https://www.dexigner.com

1. - https://www.globenewswire.com

2. - https://www.grandviewresearch.com

3. - https://www.millioninsights.com

4. - https://www.marketwatch.com

5. - https://www.bls.gov

6. - https://www.work.chron.com

7. - https://www.prnewswire.com

8. - https://www.fortunebusinessinsights.com

9. - https://www.ibisworld.com

Frequently Asked Questions

The expected annual growth rate of the interior design industry is approximately 4.5% from 2021 to 2026.
Interior design companies primarily offer services such as space planning, selection of furniture and accessories, lighting design, color consultation, and project management for residential or commercial clients.
The regions with the highest demand for interior design services are North America, Europe, and the Asia-Pacific, with the United States, United Kingdom, and China being major markets.
Technology has significantly impacted the interior design industry through the use of digital platforms, virtual reality, 3D visualization, and smart home technology, which have made the design process more efficient and accessible to a broader range of clients.
Key trends driving the growth of the interior design industry include an increasing focus on sustainable and eco-friendly design practices, a growing demand for personalized and unique living spaces, and the continued shift towards online platforms and applications for design inspiration and collaboration.
How we write these articles

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly. See our Editorial Guidelines.

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