Find stats on top websites
Industry Landscape
The interior design industry is currently experiencing growth, driven by increasing urbanization, rising disposable incomes, and a growing desire for personalized living spaces. Technology adoption, including 3D visualization and e-commerce platforms, is transforming the industry. Sustainability and eco-friendly designs are gaining prominence, while competition remains intense with both organized and unorganized players vying for market share. The residential sector is a major driver, with increasing demand for renovation and remodeling services.
Total Assets Under Management (AUM)
Market Size in India
~USD 12 Billion (Organized Sector Size)
(9% CAGR)
- Increasing demand for home renovation.
- Growing urbanization and disposable incomes.
- Rise in online platforms and digital design tools.
Total Addressable Market
20 Billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AR/VR Interior Design
3D and augmented reality technologies allow customers to visualize interior designs in their own homes before making any commitments, enhancing the customer experience and reducing uncertainty.
AI-Powered Design
AI-powered design tools can analyze customer preferences and generate personalized design recommendations, streamlining the design process and improving customer satisfaction.
Smart Home Integration
IoT-enabled smart home devices and automation systems are being integrated into interior designs to create connected and intelligent living spaces.
Impactful Policy Frameworks
Bureau of Indian Standards (BIS) Certification
BIS sets standards for various products, including construction materials. Compliance with BIS standards ensures that products meet certain quality and safety requirements. These standards are continuously updated to reflect new technologies and safety concerns. This policy helps to ensure safety and quality in the products used in Interior Design Industry and offers trust to the consumers. Companies like Asense Interior must ensure they meet the set standards and regulations. (Year is ongoing.)
Compliance ensures consumer safety and builds trust, requiring Asense Interior to adhere to stringent quality standards for materials and construction, which will increase transparency.
Environmental Protection Act, 1986
This act provides a framework for the protection and improvement of the environment, including regulations on the use of certain materials and waste management. Amendments and updates are made periodically to address emerging environmental challenges. This policy encourages the use of sustainable materials and eco-friendly design practices in the interior design industry, which benefits both the consumers and the business sector involved in interior designing. (Year is 1986 and amended over the years)
Enforcing environmental standards will drive Asense Interior to adopt eco-friendly design practices and use sustainable materials, increasing market appeal.
Consumer Protection Act, 2019
This act protects the rights of consumers and provides a mechanism for resolving consumer disputes. It covers aspects such as product quality, safety, and fair trade practices. Amendments are made to strengthen consumer protection and address emerging issues in the market. This regulation ensures fair trade practices and protects consumer rights in the interior design industry. (Year is 2019.)
Adherence to these guidelines promotes fair business practices and transparency, ensuring customer rights are protected.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
