Industry Analysis & Industry Trends
The industry has been hit hard as consumers and businesses have significantly reduced spending on the discretionary services of interior designers. But as the economy begins to recover, so will the industry, which will experience design trends that incorporate technology, environmentally friendly materials, larger kitchens and bathrooms for entertaining and senior-friendly layouts. An increase in tourism will push support from hotels and restaurants... 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, which measures the industry's contribution to the overall economy, is projected to decrease at an average annual rate of 1.6% over the ten years to 2017. This is below GDP growth over the same time period, which is forecast to rise at an average 1.8% per year. However, industry value added for the Interior Designers industry primarily fell between 2008 and 2010 due to the volatility in the real estate market. During the next five years, industry conditions are expected to improve and industry value added is forecast to rise 5.5% on average, outpacing GDP growth during the same period... purchase to read more