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 home furnishings market size 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 encompass a broad range of items and accessories used to decorate and furnish residential spaces, enhancing comfort, functionality, and aesthetics. This category includes furniture such as sofas, chairs, tables, beds, and storage units, as well as textiles like curtains, rugs, cushions, and bedding. Home furnishings also encompass lighting fixtures, decorative accents, wall art, mirrors, and plants, adding personality and style to interiors. With diverse styles ranging from classic and traditional to modern and minimalist, home furnishings allow individuals to express their taste and create personalized living spaces. They play a vital role in transforming houses into homes, providing comfort, warmth, and visual appeal while reflecting the occupants' lifestyle and preferences.
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India Home Furnishings Market Trends:
The India market is majorly driven by the increasing focus on home decor and interior design. One of the other drivers of the market is the country's growing middle-class population and rising disposable incomes. As incomes increase, consumers are spending more on home furnishings to improve the aesthetics and comfort of their living spaces. This trend is particularly pronounced in urban areas, where consumers are increasingly seeking stylish and functional home decor products to enhance their homes. Moreover, changing consumer lifestyles and preferences are driving demand for a wide range of home furnishings in India. With the rise of nuclear families, dual-income households, and urbanization, consumers are placing greater importance on home decor and interior design.
This has led to increased demand for products such as furniture, bedding, curtains, rugs, cushions, and decorative accessories to create personalized and inviting living spaces.
Additionally, the growing influence of global trends and exposure to international design concepts through media and the internet are fueling demand for modern and contemporary home furnishings in India. Consumers are increasingly seeking products that reflect their individual style preferences and align with global design trends such as minimalist, Scandinavian, industrial, and bohemian styles.
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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