Interior Designers in Canada Industry Market Research Report Now Available from IBISWorld

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While industry revenue is anticipated to rise, it will do so at a moderate pace due to potentially high interest rates, which will raise loan and mortgage costs and limit consumer demand for housing construction. For these reasons, industry research firm IBISWorld has added a report on the Interior Designers industry to its growing industry report collection.

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Low mortgage rates stimulated housing construction and increased industry demand.

During the past five years, the Interior Designers in Canada industry exhibited success, with moderate revenue growth and solid operational expansion. Despite the recession, demand from downstream markets, predominately the residential and nonresidential construction sectors, buoyed revenue growth. “Rising levels of government stimulus and low mortgage rates stimulated housing construction, which increased demand for interior designers as new homeowners personalized their space,” according to IBISWorld Industry Analyst Edward Rivera. Further, demand from the commercial sector also played its role in supporting revenue growth, as the industry relies on a diverse client base, including corporate offices, shopping malls, hotels, restaurants and hospitals.

Over the five years to 2014, the recovering economy incited more businesses to enter the market, which provided opportunities for industry operators. In several studies, including ones performed by the Association of Professional Interior Designers of Canada and the Groupe DBSF, it was concluded that the commercial sector accounts for 60.0% to 75.0% of industry revenue. With the value of nonresidential construction having grown over the past five years, revenue is expected to increase at an annualized rate of 2.6% to $1.2 billion during the five years to 2014, including revenue growth of 2.0% in 2014 alone.

“During the five years to 2019, industry revenue is forecast to grow,” says Rivera. While industry revenue is anticipated to rise, it will do so at a moderate pace due to potentially high interest rates, which will raise loan and mortgage costs and limit consumer demand for housing construction. As a result, fewer new homeowners will require industry services, which will hamper both industry revenue and profitability, as operators typically derive higher margins for residential design services than for commercial projects.

For more information, visit IBISWorld’s Interior Designers in Canada industry report page.

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IBISWorld industry Report Key Topics

This industry designs architectural interiors and their furnishings. Firms take into account building codes, health and safety regulations, floor planning, electrical needs, interior fittings and furniture. These services are used by the hospitality, healthcare, commercial and residential sector.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld Inc.
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