ASID Research Forecasts Optimistic Growth for Interior Design Industry
Washington, D.C. (June 10, 2014) – The Interior Design 2014 Outlook and State of the Industry, produced by the American Society of Interior Designers (ASID) Research, forecasts 2014 will be one of the strongest years for residential spending since 2009. The data indicate positive economic growth for residential interior design. Unemployment rates are reaching pre-January 2008 numbers; housing starts are continuing to improve; and consumers and commercial developers are once again spending on renovation, remodeling and new construction. Total industry sales have continued to increase: up 2 percent in 2013, with an additional 6 percent increase forecast for 2014.
“The effects of the recession hit the interior design industry in late 2008, with the number of practicing designers and interior design firms declining to pre-housing boom levels,” said Randy Fiser, executive vice president and CEO of ASID. “However, as highlighted in the first quarter Interior Design Billings Index (IDBI), the number of interior design firms is on track to grow 4 percent by the end of 2014. The data show, between 2012 and 2022, total employment growth in the interior design industry (13 percent) is expected to outpace ‘all occupations’ (11 percent).”
Despite these encouraging statistics, enrollment in interior design education programs is down and only 15 percent of design firms plan to expand their staff. These data, coupled with an increase in the popularity of “DIY design,” suggest that the industry needs to communicate its value more effectively. Interior designers bring to the table vital knowledge about health, well-being, sustainability, ergonomics and acoustics as well as expertise in building codes, standards and regulations. Interior designers also are well-versed in project and materials management.
The Interior Design 2014 Industry Outlook report also examines the state of the design industry, including analysis of demographics, economic influences and macro trends that have the potential to significantly affect the industry. For 2014, these macro trends include urbanization, globalization, technology, a changing environment and the emergence of the millennial consumer.
Other trends addressed in the report include the evolution of:
- Collaborative workplaces
- Higher standards for resilient, sustainable, and environmentally friendly construction
- Healthy buildings
- Research- or evidence-based design
- 3-D modeling and printing
- Professional certification
- Building information modeling (BIM)
“The state of the interior design industry is sound and promising,” said Fiser. “Designers are embracing new opportunities in technology, evidence-based design and developing new design models for the way people live, work, play and heal in the 21st century.”
To keep pace with this changing marketplace, design professionals of all career stages must continue to adapt to shifting industry trends and anticipate evolving consumer priorities.
*Media contacts, email Julie McCrary at email@example.com for more information about the Interior Design 2014 Outlook and State of the Industry.
About the ASID Interior Design Outlook and State of the Industry Report
The Interior Design 2014 Outlook and State of the Industry was produced by ASID Research, under the leadership of Director Andy Whittaker. The data and information compiled in this report are drawn from a variety of both public and private sources, including the Bureau of Labor and Statistics. Additional information is extracted from the ASID Interior Design Billings Index which is compiled monthly from an ASID survey of 300 geographically diverse firms that primarily offer interior design services or offer interior design services as part of architectural, engineering and other related practices. Resulting perspectives on current and future business conditions for the interior design industry are helpful indicators of changes in the direction of economic activity. The ASID indices are centered on 50 percent (above 50 indicates expansion and below 50 contraction).
About ASID Research
ASID Research provides the design industry with regular data, studies and reports offering insight and analysis on the state of the industry and practice. Established to educate the design industry on the status of its health and the impact of design on the way we work, live and play, ASID Research offers quantitative and qualitative knowledge of the industry. Our goal is to provide observations, vision and compilations that inspire and inform. Outcomes include the monthly ASID Interior Design Billings Index (IDBI) and ASID Interior Design Industry Outlook, third-party collaborations and educational grants.
About the American Society of Interior Designers
The American Society of Interior Designers believes that design transforms lives. ASID serves the full range of the interior design profession and practice through the Society’s programs, networks and advocacy. We thrive on the strength of cross-functional and interdisciplinary relationships among designers of all specialties, including workplace, healthcare, retail and hospitality, education, institutional and residential. We lead interior designers in shared conversations around topics that matter: from evidenced-based and human-centric design to social responsibility, well-being and sustainability. We showcase the impact of design on the human experience and the value interior designers provide.
ASID was founded nearly 40 years ago when two organizations became one — an anniversary we will recognize in 2015 — but its legacy dates back to the early 1930s. As we celebrate nearly 85 years of industry leadership, we are poised to lead the future of interior design, continuing to integrate the advantages of local connections with national reach, of small firms with big and of the places we live with the places we work, play and heal.