India’s interior design market is undergoing a remarkable transformation, projected to surge from $31.5 billion in 2023 to an impressive $67.4 billion by 2032, according to IMARC. This growth is fueled by several key trends that are redefining the landscape of commercial interiors. Here’s an in-depth look at the trends shaping the future of commercial interior design in India for 2024.
Source: IMARC
1. Sustainability Takes Center Stage with Recent Interior Design Trends
At BSC Interiors, our products like Interface’s carbon-negative carpet tiles, which are composed of over 52% bio-based or recycled materials, are seeing heightened demand. In India, 61% of the office market stock was green in 2023, reflecting a growing trend towards environmentally conscious design.
This means that a majority of office spaces in India met environmental standards involving energy efficiency, water conservation, and the use of recycled materials. This shift underscores a commitment within the business community to reducing carbon footprints and promoting environmental stewardship.
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2. Demand for Flexible and Adaptable Spaces
The post-pandemic era has highlighted the necessity for flexible and adaptable office spaces. At BSC Interiors, we’ve observed a 45% increase in projects requiring modular furniture and multipurpose areas. The trend towards flexible spaces is driven by the need for businesses to remain agile and responsive in a dynamic environment. This includes the use of flexible workstations and communal areas that can accommodate various activities and workforce sizes.
According to a report by investment banking firm Avendus Capital, the flexible workspace market in India was 61 million square feet in 2023 and is expected to reach 126 million square feet by 2028, more than doubling in just five years. Additionally, the total revenue of around 250 flexible workspace operators was $3.5 billion in 2023, projected to reach $9 billion by 2028. This rapid growth indicates that the share of flexible workspaces in total office space is estimated to increase from 7% in 2023 to up to 12% by 2028. The demand for Grade A office spaces equipped with modern facilities is a key driver of this growth. This trend is further exemplified by the increased demand for Steelcase furniture at BSC, which supports the creation of versatile and dynamic work environments.
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3. Rise of Personalization
Personalization in office design is becoming increasingly popular as companies strive to create unique environments that reflect their brand identity. At BSC Interiors, we’ve noticed an increase in demand for materials, including sanitary ware, ceilings, and flooring ware tailored to specific client needs.
This trend involves incorporating custom color schemes, branded decor, and distinctive architectural features. Personalized office spaces are becoming more common as businesses seek to create welcoming and engaging environments for employees and visitors. The growing demand for bespoke materials highlights the importance of individuality and brand expression in the modern workplace.
Conclusion
As the market continues to grow, these trends are expected to drive innovation and set new standards in commercial interior design, paving the way for a future where workplaces are more adaptive, environmentally conscious, and tailored to the needs of their occupants.
India’s commercial interior design market is on the brink of a new era, driven by these transformative trends. At BSC Interiors, we are excited to be at the forefront of this change, helping to create workspaces that are not only functional and beautiful but also sustainable and adaptable to future needs. The future of commercial interior design in India is bright, and we are committed to contributing to its success by providing superior materials and innovative solutions.
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