India Home Furnishings Market Trends 2024, Growth Analysis, Size, Share and Report By 2032

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 India home furnishings market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.

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 encompass a wide array of products and accessories that are used to enhance and complete the interior decor of living spaces. This sector includes items such as furniture, textiles, floor coverings, and decorative accessories. Furniture, which forms the core of home furnishings, varies from essential pieces, including sofas, beds, and tables to auxiliary units, such as sideboards and coffee tables. Textiles within this sector include draperies, bed linens, cushions, and rugs, all of which contribute to the aesthetic and comfort of home environments. Floor coverings, another pivotal category, include carpets, tiles, and hardwood floors that serve a functional purpose and add to the overall ambiance of a room. Decorative accessories, such as lamps, artwork, mirrors, and vases, offer finishing touches that personalize and enhance the visual appeal of spaces. The home furnishings market is influenced by trends in interior design, advancements in materials and technology, and shifting consumer preferences towards sustainability and personalized interiors.   

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India Home Furnishings Market Trends:

The rising disposable income among the burgeoning middle class population is driving the market in India. Additionally, urbanization trends have led to an expansion in residential developments, thus amplifying demand for home furnishing products. Another significant driver is the evolving consumer lifestyle influenced by global trends, which is increasingly geared towards aesthetics and comfort, fostering a market for stylish and functional home products. This shift is particularly noticeable among the younger demographics, who are more exposed to international lifestyles and prefer modern and contemporary home décor.

The influence of social media and home décor platforms also plays a pivotal role by not only inspiring design ideas but also facilitating the direct purchase of home furnishing items through e-commerce channels. The e-commerce expansion in India has transformed the home furnishings market, making it easier for consumers to browse, compare, and purchase products from the comfort of their homes. Online retail platforms have expanded consumer reach and accessibility, offering a wide range of products from global and local brands. This digital shift is complemented by the growing penetration of the internet and smartphones across the country.   

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.

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