India Interior Design Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)

Market Overview

In 2023, the Indian interior design industry produced USD 32.1 billion in revenue, and it is estimated to experience a compound annual growth rate of 14.3% over the projection period, attaining USD 81.2 billion by the end of the decade.

The high pace of urbanization along with the rising population, the growth of disposable income, and the government incentives and plans have a key role in the growth of this market.

The investment in real estate in India is increasing majorly seen in commercial properties including co-working spaces. As the real estate market forecasts further growth, the providers of interior design will be experiencing increased demand. People are perceived to have outdoor spaces by choosing theme-based designs for their business and residential settings. Different themes belonging to the Mediterranean, European, and ethnic Indian cultures are coming to the fore nowadays.

Good interior designers can help in the amalgamation of numerous decorative styles, such as modern, contemporary, Indo-Western, Classical, and Western to produce unique interiors, with beautiful and pleasant to sense being.

Nowadays, you have probably noticed that many companies use theme-based offices. That can have a huge impact on a company's image, both for the employees as well as for the visitors of the office. Among the factors that make theme-based offices such a valuable tool for businesses is the generating of a thoughtful impression on the employees, creating a Zen state, and helping the office space stand out.

Key Insights

In 2023, the new decoration type is the larger category, griping an industry share of around 70%.

The category is also growing at the fastest pace, propelled by augmented demand for office and residential spaces in the nation.

The development is credited to a shift in work culture towards stylish workspaces and an emerging taste for high-end lifestyles.

This trend is leading to the development of new designer commercial spaces and elegantly designed homes, advancing the Indian interior design market.

In 2023, the budget-conscious category is dominating, holding an industry share of approximately 45%.

The category is also growing at the fastest pace, propelled by the growing middle-class populace in India.

The surge in the middle-class populace has led to more individuals wanting to invest in interior design while being budget-conscious.

Several reasonable interior design choices are obtainable in India, fulfilling the requirements of budget-conscious customers.

Online channels play a substantial role in aiding people to find the best and most reasonable interior design options.

In 2023, commercial is the larger category, holding a market share of approximately 75%.

This is also the fastest-growing application, which was propelled by the flourishing commercial real estate sector in India.

Growth is being intensified by the transformation of India's working culture, in which the interior design of an office plays a key role.

South India is the largest region in the market, commanding a share of approximately 50% in 2023.

Regional index of commercial housing simply created by extensive housing projects to avoid spending initiated by private builders and government institutions.

In addition to these, the elevated presence of the branches of domestic and multinational firms in South place a befitting contribution on its depth of dominance in market.