The American Society of Interior Designers (ASID) has released its 2018 Outlook and State of the Industry (OSI) Report. Providing an in-depth look at the interior design industry, the report is essential knowledge for both interior designers and those working within the industry.
"As we move into a period of steady economic growth, combined with emerging trends and rapid changes in society, the interior design profession is challenged to review its business models to be ready for what comes next," said Randy Fiser, Hon. FASID, CEO, ASID. "ASID provides this comprehensive look, provided by three industry-leading experts and is confident that, armed with this research, designers will be equipped to respond to the changing economic and professional landscape they face in 2018 and into the future."
Key Findings from the Report
State of the Industry - as the U.S. economy is now at or near full employment, the interior design industry is continuing growth in economic contribution, but at a slower pace.
Trends & Design Implications - demographic shifts, societal trends, emerging technologies, and increasing competition from non-designers present professionals with the challenge of repositioning their services in the marketplace.
Future of the Profession - as problem-solvers, designers must exercise agility in the face of advancements & innovations, with the future shift towards advanced sustainability + technology integration inevitable.
The robust report offers a comprehensive scan of the major forces affecting the industry today - including the U.S. economy, current design trends, and societal + technological changes - while highlighting implications and a path forward for the design industry to thrive. Authored by Bernard M. Markstein (President, Chief Economist at Markstein Advisors), Michael Berens, M.S., Ph.D (Principal, Head of Research at Greenway Group), and Susan S. Szenazy, Hon. FASID (Director of Design Innovation at Metropolis), and compiled by ASID, the report offers expert insight and an outlook into the future of design.