The Indian interior design market is going to exhibit a CAGR of 7.40% during 2022-2027! Caught your interest?
After the change in consumerism and lifestyle since COVID-19, it’s probably safe to say we have all changed our lifestyles in one way or another.
While the struggle to find comfort within our comfort zones continued for over a year, have you ever thought of ways to make that part of your life easier?
Are you part of the crowd who constantly tried bringing infrastructural changes into their residences to increase the very comfort we all longed for?
This brings us to the constantly evolving and changing trends in lifestyle and comfort that have led to a significant increase in the practice of interior design.
Wondering how? Let's go back in time and take a look!
A lot of introspection has been done over the years, which has resulted in the evolution of housing and interior design.
People not only prioritize style but also comfort. Eco-friendly trends, colour schemes, technology-driven houses, etc., have all been a part of the 21st-century lifestyle shift.
However, our main question still remains intact - Has this change in lifestyle increased the practice and study of interior design?
In a country like ours, where comfort is the basis for building what we call a 'dream home', interior design as a profession has noticeably increased.
Statistics and Growth of Interior Designing
Market researchers P&S Intelligence in 2022 claimed that the interior design market would grow at a rate of 14.1% between 2020 and 2030.
In contrast, IBIS states that between 2018 and 2023, the Interior Designers industry in the United States grew 3.6% every year on average.
An evident increase in the employment rate and demand for interior designers only proves that while presenting a beautiful home remains important still, it is comfort and the change of lifestyle that has caused this hike.
Take a look at a few statistics we have short-listed for you to read:
- The global interior design services market is estimated to grow at a CAGR of 5% during the forecast period of 2023-2028.
- The market for home interiors and renovations in India is estimated to be between USD 20 Billion- USD 30 Billion.
- The Indian interior design market is expected to exhibit a CAGR of 7.40% during 2022-2027.
Scope of Interior Designing
The scope of the global interior designing market is said to be worth a whopping $20-$30 billion.
With the help of rapid urbanization, the interior designing industry will see wide growth in the coming years.
As a result, interior design is now one of the most sought-after job opportunities in India, with a very good income rate as well.
With reference to various other statistics, the industry will see exponential development by 2025.
Salary of an Interior Designer
- As a fresher, the average salary of an interior designer goes from 8 LPA to 3.6 LPA
- Over time, with growing experience, one can expect a salary range of 8 LPA to 7.2 LPA and eventually a growth rate of 9.6 LPA to 12 LPA
Careers After Interior Designing
- Exhibition Designer
- Graphic Designer
- Commercial Designer
- Stylist
- Lighting Expert
- Production Designer
Dr. D. Y. Patil School of Design - Bachelor of Design
Dr. D. Y. Patil School of Design, the best emerging B. Des. college in Pune (Bachelor of Design), offers an undergraduate B. Design program with a specialization - Interior design, styling, and practice.
- Duration: 4 years
- Career Areas: Residential Interior Spaces, Commercial Interior Spaces, Corporate Interior Spaces, Hospital/Healthcare Interior Spaces, Hospitality Centres
- 100% placement assistance
Highly trained industry experts teach students all the latest and emerging trends that surface in the industry.
Students are taught how to design, plan, sketch, and execute space layouts using appropriate furniture, accessories, equipment, and finished materials.
They also learn the various fundamentals of interior design, the difference between residential and commercial interior design, a thorough understanding of contemporary concepts, and several other practices.
Seal a successful career in the industry with our Bachelor of Design program.
For more details, visit the website or contact the institution.
The new age generation believes in a much different way of living than that of the generations before.
Interior designers advocated for an emphasis on each person's likes and personalities so that the space is best suited to the lifestyle of the person.
It should be noted that several designs trends have followed us into the future from centuries before.
With the passing of time, many more trends will find their way into our lives. Interior design has altered so much that an entirely new and popular profession has emerged from it.
Taking this into consideration, it is safe to say that the future of interior designing is strong with plenty of employment opportunities making their way into the fast-growing industry.
Dr. D. Y. Patil School of Design - Rankings
- Best Emerging Institute in Design in Pune - Times Mirror Education Excellence Survey 2022
- Ranked 76th - Overall Category, NIRF 2022
- Ranked 41st - University Category, NIRF 2022