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    Interior Design Services Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 4/12/2021
    SIC Codes: 7389
    NAICS Codes: 541410
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Interior Design Services Industry Profile

    Companies in this industry plan and design interior spaces such as hotels, hospitals, residences, commercial businesses, and offices. Although no major companies dominate the industry, a number of large architecture and design firms offer interior design services, such as AECOM, Gensler, HOK, and Perkins&Will (all based in the US), as well as DB&B (Singapore), M Moser Associates (Hong Kong), and Stantec (Canada).

    Global construction output, a key driver for interior design services, is growing quickly and will reach $15.5 trillion by 2030, according to PricewaterhouseCoopers. China's construction growth is forecast to slow due to a decline in housing output, while the construction market in India expected to grow considerably as urban populations in the country swell.

    The US interior design industry includes about 13,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $12 billion.

    COMPETITIVE LANDSCAPE

    Construction and renovation of residential, commercial, industrial, and institutional buildings drive demand for interior design services. The profitability of individual companies depends on accurate bidding, timely delivery, and a steady volume of projects. Large companies have advantages in marketing, developing partnerships, building a large client referral list, and getting priority service from suppliers. Small companies can compete effectively by providing better service, specializing, and using unique or custom product sources. The US industry is highly fragmented: the 50 largest US firms account for about 10% of revenue.

    A number of large ...

     
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