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2024 U.S. Industry Statistics & Market Forecast - Interior Design Services
Market Size & Industry Statistics
The total U.S. industry market size for Interior Design Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Interior Design Services industry include:- Shift towards sustainability and eco-friendly materials
- Growing demand for smart home technology integration
- Increase in remote work influencing home office designs
- Rise in preference for minimalist and functional designs
- Popularity of customizable and flexible furniture solutions
- Influence of global cultures and styles in local designs
- Expansion of health-conscious designs (wellness spaces, ergonomic features)
- Integration of advanced software for 3D visualization and virtual reality previsualizations
- Importance of biophilic design elements
- High demand for outdoor living spaces renovations
- Preference for local and artisanal elements over mass-produced items
- Rise of the experience economy influencing experiential and thematic interior designs
- Growth in aging population leading to demand for age-friendly design adaptations
- Increased focus on multi-functional spaces in urban environments
- Growing importance of color psychology in interior design choices
Product & Services Breakdown
Research products and services in the Interior Design Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Full-Service Interior Design Services |
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Full-Service Interior Design Services For Residential Buildings, Except Historical Restoration |
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Full-Service Interior Design Services For Non-Residential Buildings, Except Historical Restoration |
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Interior Design Services Sold Separately |
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Interior Decorating Services |
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Resale Of Merchandise |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Interior Design Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Interior Design Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Interior Design Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 11% | Order at top of page |
||
| Top Executives | 7% | |||
| Chief Executives | % | |||
| General and Operations Managers | 7% | |||
| General and Operations Managers | 7% | |||
| Business and Financial Operations Occupations | 10% | |||
| Business Operations Specialists | 8% | |||
| Architecture and Engineering Occupations | 5% | |||
| Arts, Design, Entertainment, Sports, and Media Occupations | 41% | |||
| Art and Design Workers | 39% | |||
| Designers | 36% | |||
| Graphic Designers | 16% | |||
| Interior Designers | 17% | |||
| Sales and Related Occupations | 6% | |||
| Office and Administrative Support Occupations | 11% | |||
| Production Occupations | 6% | |||
Interior Design Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Interior Design Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Interior Design Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Interior Design Services industry. |
Source:
Innovation News
- Jan 09, 2024: Dormify trademarks "DFY" - linens; towels; bedding; blankets; pillows; storage products; furniture; charging furniture; headboards; desks; chairs; dorm essentials; bathroom accessories; shower curtains; lighting; rugs; bath mats; art; online retail stores services; blog; website featuring information and articles in the field of college living
- Dec 29, 2023: Dormify trademarks "DORMIFY" - Online retail store services; Styling consultation and services; Gift cards; Charitable services; Brand ambassador services; Bed visualizer tool; Shop by room tool; Interior design services; Rewards program; Blog; Website featuring information and articles in the field of college living; Newsletter
- Dec 21, 2023: Dormify trademarks "U.LIFE" - linens; towels; bedding; blankets; pillows; storage products; furniture; charging furniture; headboards; desks; chairs; dorm essentials; bathroom accessories; shower curtains; lighting; rugs; bath mats; art; online retail stores services; blog; website featuring information and articles in the field of college living
- Mar 08, 2023: Denim Software raises $2 million in funding.
- Oct 25, 2021: Denim Software raises $5 million in funding.
- Jun 22, 2021: Denim Software raises $2 million in funding.
Recent Federal Contracts for Interior Design Services
- Apr 01, 2024: K S A INTERIORS, INC. (Glen Allen, VA) awarded $31,491
- Mar 26, 2024: MOEY, INC. (Brooklyn, NY) awarded $76,071
- Mar 26, 2024: MOI, INC. (Baltimore, MD) awarded $5,239
- Mar 22, 2024: FOREIGN AWARDEES (UNDISCLOSED) (Washington, DC) awarded $14,408
- Mar 22, 2024: 845 DESIGN GROUP P.C. (Lombard, IL) awarded $11,490
- Mar 19, 2024: CALLISONRTKL INC. (Washington, DC) awarded $201,540
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