India Interior Design Market

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2022
Surge in Real Estate Sector Driving Indian
Interior Design Market Growth
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The Indian interior design market revenue stood
at 22,939.7 million in 2020, and it is predicted
to rise significantly from 2021 to 2030 (forecast
period). The market is being driven by the
increasing real estate activities, mushrooming
population, surging disposable income of people,
soaring implementation of government initiatives
for promoting and developing real estate, and
rapid urbanization in the country. As per Invest
India, Indias construction sector grew by 5.6
from 2016 to 2020, as compared to the 2.9 growth
rate it exhibited between 2011 and
2015.   Furthermore, the real estate sector in
the country attracted investments worth 5
billion in 2020. Additionally, the construction
sector in the country is predicted to become the
third largest in the world by 2025. These are
primarily credited to the policies of the central
government and the launch of real estate
development programs by various state
governments. Thus, with the surge in the real
estate sector and increasing construction
activities, the demand for interior designing
services will shoot up in India in the coming
years.   Request for sample copy of this report
https//www.psmarketresearch.com/market-analysis/i
ndia-interior-design-market/report-sample   Beside
s, the surging disposable income of people is
also propelling the growth rate of the Indian
interior design market. Depending on end use, the
market is divided into residential and commercial
categories. Between these, the commercial
category is predicted to contribute higher
revenue to the market in the coming years. This
is attributed to the booming commercial real
estate sector in the country. Additionally, with
the changing work culture in the country, the
interiors of offices and commercial spaces are
becoming very important.
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As professional interior designers can make the
office area comfortable and aligned with the
vision and ideology of the company, the demand
for them is shooting up in the country. When
decoration type is taken into consideration, the
Indian interior design market is classified into
renovations and new. Between these, the new
category contributed higher revenue to the market
in 2020, and this trend will continue in the
coming years as well, as per the estimates of PS
Intelligence. This is ascribed to the burgeoning
requirement for houses because of the ballooning
urban population.   Browse full report at
https//www.psmarketresearch.com/market-analysis/i
ndia-interior-design-market   People are rapidly
moving from the primary sector to the tertiary
and secondary sectors, which are primarily based
in cities, thereby pushing up the need for urban
housing. Furthermore, the growing spending power
of people due to their increasing income is also
supporting the advancement of the market. The
players operating in the industry are focusing on
collaborations in order to provide advanced
interior designing solutions to their clients.
For instance, Signify N.V. entered into a
partnership with Livspace (Home Interior Designs
E-Commerce Pvt. Ltd.) in August 2019. This
partnership made the lighting products developed
by Signify N.V. available to the architects and
interior designers of India who are designing and
decorating homes on the Livspace platform.
  Hence, the market will grow substantially in
the coming years, mainly because of the booming
real estate sector, rising disposable income of
people, and rapid urbanization in the country.
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Market Segmentation

• By Region
• North
• South
• East
• West

• By Decoration Type
• New
• Renovations
• By End Use
• Commercial
• Residential

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