Embedded Files
The latest report by IMARC Group, titled “India Home Furnishings Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,“ offers a comprehensive analysis of the industry, which comprises insights into the home furnishings market share in India. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The India home furnishings market size reached INR 52,626.8 Crore in 2023. Looking forward, IMARC Group expects the market to reach INR 97,051.0 Crore by 2032, exhibiting a growth rate (CAGR) of 7.04% during 2024-2032.
India Home Furnishings Market Overview:
Home furnishings refer to the broad range of products designed to enhance the functionality and aesthetic appeal of living spaces. These items encompass everything from furniture, such as sofas, chairs, and tables to decorative accessories such as curtains, rugs, and wall art. The primary use of home furnishings is to make indoor environments more comfortable, efficient, and personalized, catering to the diverse tastes and needs of residents. One of the key advantages of home furnishings is their ability to transform a mundane space into a welcoming and stylish habitat while also providing practical benefits such as improved organization and better space utilization. Types of home furnishings vary widely, including seating arrangements, storage units, lighting fixtures, and textiles, each offering unique style and function options to suit different decor themes and lifestyle requirements.
Request to Get the Free Sample Report: https://www.imarcgroup.com/india-home-furnishings-market/requestsample
India Home Furnishings Market Trends:
The higher consumer spending on home decor and furnishings is driving the market in India. Additionally, urbanization and the rise of nuclear families are creating demand for stylish and functional home furnishings as individuals seek to personalize their living spaces. Another significant driver is the growing influence of e-commerce. Online retail platforms, such as Amazon, Flipkart, Pepperfry, and Urban Ladder, have made a wide range of home furnishings accessible to a broader audience, offering convenience and competitive pricing. Additionally, the influence of social media and home improvement shows has also played a crucial role. Platforms, including Instagram, Pinterest, and YouTube, along with popular home decor shows, inspire consumers to revamp their homes with the latest trends and DIY ideas. Moreover, the increasing popularity of home ownership, increased by government initiatives, such as the Pradhan Mantri Awas Yojana (PMAY) and affordable housing schemes, has led to a rise in home furnishing purchases as new homeowners seek to furnish their properties. The real estate sector's growth, particularly in urban areas, is directly linked to the demand for home furnishings.
India Home Furnishings Market Segmentation:
Breakup by Product:
Home Furniture
Home Textile
Wall Decor
Others
Breakup by Price:
Mass
Premium
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Page updated
Google Sites
Report abuse