Industry Analysis & Industry Trends
The Interior Designers industry has been anything but consistent over the past five years. Nevertheless, the industry managed to grow marginally over the period. However, the industry will experience marginally better conditions over the five years to 2021. 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 SWOT Analysis Chapter
The Interior Designers industry is in the mature stage of its industry life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is projected to increase at an average annual rate of 3.2% over the 10 years to 2021. This is above US GDP growth over the same time period, which is forecast to rise at an average 2.3% per year. Typically this level of growth would suggest a growing industry, however, industry value added for the Interior Designers industry primarily fell in 2011 due to the volatility in the real estate market. With a historically low base value, growth has appeared very strong, yet this is slightly misleading.
The size of the Interior Designers industry is expected to expand more slowly over the five years to 2021... purchase to read more