17 Interior Design Industry Statistics To Know
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Hey design enthusiasts and curious minds! Ever wondered what’s cooking in the world of interior design? Well, you’re in for a treat because we’ve got the scoop on the hottest stats straight from the creative realm.
As we step into this year, it’s time to unveil the curtain on 17 Interior Design Industry Statistics that are set to redefine the way we look at spaces.
From jaw-dropping market values to the quirkiest facts about the creative minds behind the designs, buckle up for a ride through the numbers that shape the aesthetic vibes of our living spaces. Let’s dive in and explore the fascinating world where style meets statistics!
General Interior Design Industry Statistics
The Global Scene
In 2020, the worldwide interior design services market boasted a cool $150.7 billion, and projections suggest it’s gearing up to strut a $255.4 billion runway by 2027.
Meanwhile, the global home decor industry, a sibling in the design family, flaunted a $616.6 billion price tag in 2019. Talk about living stylishly!
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Regional Vibes
Stateside, the US interior design industry was rocking a $40.7 billion vibe in 2020. Not to be outdone, China is gearing up for a $57.6 billion dance by 2027, growing at a jaw-dropping 11.9% CAGR.
Our Canadian and Japanese friends are also getting in on the action, with projected growth rates of 7% and 4.2%, respectively.
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Global Harmony
In 2020, Europe, China, Canada, Japan, and the US tag-teamed for a hefty $11.3 billion in interior design services. Hold onto your décor, because by 2027, this dynamic crew is set to hit $17.8 billion. China, in particular, is dialing up the growth vibes, with the Asia-Pacific region poised to flaunt a staggering $35.3 billion by 2027.
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Growth Spurts
The international interior design services market is set to groove to a CAGR of over 4%, with an estimated $24.13 billion added to the mix between 2021 and 2025. The APAC region is predicted to be the star of the show, contributing a whopping 35% to this growth.
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Who’s Who
In the realm of interior design giants, Jacobs Engineering Group Inc, Stantec Inc, and AECOM are taking center stage. COVID-19 did its thing, prompting strategic business makeovers.
NELSON & Associates Interior Design, HOK Group Inc, Cannon Design, Skidmore, and Leo A Daly are also key players, ensuring the industry remains on its toes.
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Canada’s Chill Vibes
Up north, Canada saw a laid-back 2% industry growth from 2015 to 2020, resulting in a $1 billion industry. With 7,572 businesses and 6,135 employees, Canada is quietly making its mark in the world of interior design.
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UK’s Rise and Shine
In the UK, the interior design industry saw a whopping 11.2% compound annual growth from 2017 to 2018. Mobile devices, internet usage, and real estate sales played the supporting roles in this growth saga.
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Interior Design Industry Demographics Statistics
Ever wondered about the age, gender, and language of the creative minds behind the designs? Brace yourselves for some surprises as we unravel the quirkiest statistics about the people who sprinkle their magic in the world of interiors.
Age and Gender Play
The average age of an interior designer? A chic 43! In the gender arena, the industry is predominantly a femme affair, with 72.7% women and 22.4% men. A stylish snapshot of the people behind the design magic.
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Palette of Diversity
In 2020, 86% of US interior designers donned the Caucasian hue. For a pop of color, 4.1% were Asian, 7.4% were Latino or Hispanic, 1.2% were African American, and 0.1% were identified as Alaska Native or American Indian. A true tapestry of talent!
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Language of Design
When it comes to language, 40.6% of interior designers spoke the language of love—Spanish! French and Italian added their flair at 13.5% and 7.2%, respectively. A linguistic fusion in the world of design.
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Job Hopping and Salaries
On the job front, the interior design world sees a two-year love affair for most professionals, with 33% staying put for that duration. Men and women play salary tag, with an average annual income of around $49,617 and $49,366, respectively. Not bad for crafting dream spaces!
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State of Earnings
Wyoming takes the prize for the highest interior design salary, with an average of over $65k. In contrast, Indiana keeps it real with $37,000–41,000. The United States’ interior design hotspot? California, boasting 8,130 design mavens.
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Employment Blues
Despite a growing demand for interior designers, the employment rate is forecasted to dip by 5% from 2019 to 2029. High-income regions remain the golden ticket for job prospects.
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Trendy Interior Design Industry Statistics
But wait, there’s more! From historical design trivia to the colors that boost productivity, we’re wrapping up with a sprinkle of trendy and fun facts.
Who knew Benjamin Moore’s White Dove OC-17 could bring peace to your home? Get ready to be wowed by the unexpected tales woven into the fabric of interior design.
Historical Flair
The roots of interior design trace back to Ancient Greeks and Egyptians, who decked out spaces with precious artifacts. From minimal Roman styles to the opulence of the Islamic Golden Age, design has always been in vogue.
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State Spotlight
Alaska keeps it exclusive with just 40 registered interior designers. Meanwhile, design enthusiasts flock to California, Florida, and Texas, with thousands of professionals shaping dream spaces.
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Paint Magic
Benjamin Moore’s White Dove OC-17 takes the crown as a top white paint, offering versatility and a touch of peace. A color palette that transcends walls to harmonize with cabinetry and every nook of your home.
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Rug Riches
The interior design world witnessed a rug auction extravaganza, with an Antique Persian Carpet stealing the show at $34 million. Talk about luxury beneath your feet!
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Conclusion
And there you have it, fellow design enthusiasts! We’ve taken a whirlwind tour through the fascinating statistics that paint a vivid picture of the interior design landscape.
From the jaw-dropping market values that make your eyes widen to the quirky insights into the demographics shaping the industry, it’s clear that interior design is not just about aesthetics; it’s a dynamic world where creativity and numbers dance in harmony.
As we bid adieu to our statistical adventure, let’s carry these numbers with us, appreciating the meticulous work of designers, the diverse tapestry of the industry, and the surprising stories behind our living spaces.
So, whether you’re planning a makeover or just daydreaming about the perfect space, remember, the numbers are more than just figures; they’re the heartbeat of a world where every detail matters.
Frequently Asked Questions
1. How much is the global interior design market worth in 2023?
In 2023, the global interior design market is strutting its creative prowess with an estimated worth of over $150.7 billion, reflecting the growing demand for stylish living spaces across the globe.
2. Which countries are making waves in the interior design scene?
China takes center stage, projected to hit an impressive market size of $57.6 billion by 2027, flaunting an 11.9% annual growth rate. Meanwhile, the US, Canada, Japan, and Europe continue to shape design trends with significant growth projections in the coming years.
3. What’s the average age and gender ratio in the interior design workforce?
The average age of an interior designer is a chic 43, and the industry leans predominantly towards women, making up 72.7% of the workforce, while men represent 22.4%. It’s a vibrant, diverse tapestry of talent bringing spaces to life.
4. Are interior designers multilingual?
Absolutely! According to recent stats, 40.6% of interior designers speak Spanish, showcasing the industry’s linguistic diversity. French, Italian, Arabic, and Chinese also add their unique linguistic flair to the creative conversation.
5. What’s the job stability and income like for interior designers in the US?
On average, interior designers stay at their jobs for up to 2 years, and the annual income hovers around $49,617 for men and $49,366 for women. The industry’s dynamic nature keeps professionals on their toes, crafting spaces and careers with flair.