Industry Analysis & Industry Trends
The Interior Designers industry has been anything but rosy over the past five years; nevertheless, the industry managed to grow marginally over the period. However, the industry will experience rosier conditions over the five years to 2019. The housing market is expected to improve strongly, yielding growth for residential interior designers as existing home sales and housing starts make up ground over the five-year period. Meanwhile, high corporate profit will enable companies to expand and remodel, leading to improved nonresidential construction and greater demand for commercial interior designers... purchase to read more
Industry Report - Industry Analysis Chapter
Industry conditions have been anything but rosy over the past five years; nevertheless, the industry managed to grow marginally over the period. In the five years to 2014, revenue for the Interior Designers industry grew at an average annual rate of 0.2% to an estimated $10.3 billion. Weakness in the housing market was one of the primary factors adversely affecting the industry in the earlier years of the five-year period. With foreclosures rising, homeownership on the decline and fewer housing sales, demand for residential interior designers fell sharply from 2009 to 2010.
Although the commercial sector did not experience as much of a contraction as the housing market, the number of new commercial construction projects still declined considerably during 2010... purchase to read more