India Interior Design Market Analysis Report 2023-2028 | Growth Rate (CAGR) of 10.3%

According to the latest report by IMARC Group, titled "India Interior Design Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the India interior design market size reached US$ 28.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 51.4 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028. Interior design refers to the art and science of improving the interior of a building to achieve an aesthetically pleasing environment for the occupants. It involves using color, texture, lighting solutions, furniture, and other decorative elements to create a desired look and feel. Interior designers draw upon the principles of architecture, engineering, and other design disciplines to create functional and aesthetically pleasing spaces. Additionally, it also includes aesthetics, ergonomics, and function as the designers showcase their creativity and designing skills to create a functional space by leveraging the structural limitations of the room. There has been a considerable increase in the popularity of interior design among individuals as it helps to create beautiful space that meets the needs and preferences of their occupants.

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Industry Growth:

Significant growth in the construction sector majorly drives the global market. This can be supported by the emergence of affordable interior design solutions and the shifting lifestyle preferences of the masses. Along with this, the government is making positive efforts to invest in ongoing renovations and intrastromal projects to bolster public infrastructure by constructing multiplexes, airports, shopping malls, and private institutions, which are contributing to the growth of the market. In addition, emerging real estate and the rising development of co-working spaces and commercial properties, this is propelling the demand across the country. Some of the other factors driving the market include rapid urbanization and growing demand for interior design services in smart homes.

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Key Market Segmentation:

Breakup by Decoration Type:

• New
• Renovation

Breakup by End User:

• Residential
• Commercial

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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