New innovations are taking place to make homes more tech friendly. Virtual Reality is disrupting the interior designing industry and has made visualizing and experimenting process easy for both client and designers. However, the cost of using this technology is too high for incorporating in the industry. Some of the factors that restrain the growth of the market are high gestation periods for the project.
Scope of the Report
A complete background analysis of India Interior Design Market which includes an assessment of the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report. The report also offers market estimates of the segments and market size. The company profile of key players is provided along with an in-detailed analysis of strategies adopted.
Key Market Trends
Rise in Number of Interior Designers Across India
There are growing investments in real estate in India. The market is primarily seeing investments in commercial real estate and co-working spaces. As the real estate market is projected to grow in future the interior designing services will also be required for the same. There are growing investments in tire 1 and tire 2 cities in the nation which is leading to a rise in the number of interior designing and designers in India in these cities. Various architectures are shifting to the Interior designing market in India. The data also shows that the Interior Designing industry is more concentrated in urban areas.
Commercial Interior Design is Growing in the Market
With the steady growth in the demand from the commercial real estate, the interior designing solution has emerged as a progressive trend in the market. As commercial space demand surges, the sector is expected to further witness a tremendous opportunity to leverage in the coming years.
With the visible transition in the Indian work culture, office furniture and interiors have seen a major evolution. Office commercial spaces are expected to opt-out for various interior design services in the market. Old and established offices will also consider refurbishing their office spaces along with start-ups and new offices. Hotels are also coming up with design guidelines and pose as trendsetters combining creativity and sustainability.