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Consumer Goods and Services

Australia Interior Design Market Si...

Historical and Forecast Market Trends

2023-24

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The Australia interior design market growth is driven by the integration of smart home technology, biophilic designs, personalisation, and customisation. The usage of energy-efficient appliances, recycled materials, and sustainable practices in interior design is rising. Further, techniques like upcycling and repurposing existing materials are being embraced to minimise waste. Interior designers are also focusing on creating designs that are durable and have a longer lifecycle.

According to the Australian Bureau of Statistics, in May 2024, Australia’s total residential buildings approval displayed robust growth, with a seasonally adjusted rise of 2.3% to AUD 7,638 million and a trend increase of 1.6% to AUD 7,533 million. Moreover, there's an increasing emphasis on custom interiors that cater to personal tastes and lifestyles. Designers are more actively engaging clients, using 3D renderings, virtual reality, and mood boards, to ensure the result aligns with their preferences. Furthermore, AI is being used to anticipate design trends, generate virtual designs, and provide personalised suggestions, making the design process more tailored and user-friendly. This integration is enhancing accessibility and outcomes in interior design.

Smart home systems, which control lighting, heating, and security through smartphones or voice commands, are becoming more popular due to their convenience, security, and energy efficiency. These devices integrate smoothly into interior design, creating a cohesive look while offering advanced features like thermostats that adjust based on occupancy patterns. In June 2024, Lorex Technology launched in Australia to provide products including smart home WiFi cameras, video doorbells, and security floodlights.

Additionally, there’s a growing trend towards minimalist and multifunctional spaces. Multifunctional furniture and flexible layouts efficiently use limited space, with features like foldable or modular pieces that adjust to various needs. The trend of using Virtual reality (VR) and augmented reality (AR) is rising which allows clients to preview and interact with design concepts virtually before finalising their choices.

Market Breakup by Type, End Use, and Region:

  • The market is segmented based on type into renovation and new.
  • Based on end use, the market can be divided into residential and commercial.
  • By region, the market is segmented into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.

The major players in the Australia interior design market are Carr, Bates Smart Architects, Hassell Limited, Woods Bagot, SJB Architecture NSW Pty Ltd., and IA Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

The Australia interior design market is driven by the increasing demand for multifunctional spaces, tailored solutions, and design prototyping.

Maximalism, including bold colours, clashing prints, and diverse textures, is trending. This approach moves away from minimalism, promoting vibrant and personalised spaces that incorporate personal items and mixed design styles.

The rising trend of using virtual and augmented reality technologies allows clients to view and interact with design concepts before they are implemented, which enhances decision-making and simplifies the design process.

Key Offerings of the Report:

The EMR report gives an overview of the Australia interior design market for the periods (2018-2023) and (2024-2032).

The report also offers historical (2018-2023) and forecast (2024-2032) market information for the type, end use, and regions of the Australia interior design market.

The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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