The latest report published by IMARC Group, titled “India Home Furnishings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on Home Furnishings Market report in India. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India home furnishings market is expected to exhibit a CAGR of 8.77% during 2022-2027.
Home furnishing refers to the products that are utilized to improve the aesthetics of the living space. Some of the popularly preferred home furnishing items include décor items, home textiles, household hardware, furniture, and kitchenware. The demand for home furnishing products has been exceptionally high in India due to the improved standards of living of the masses.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The market is primarily driven by the inflating disposable income levels of individuals. Furthermore, rising investments in advertisement and celebrity endorsement by various key players are positively influencing the market. Besides this, the shifting consumer preference towards eco-friendly home furnishing products due to an enhanced focus on sustainable development is creating a positive outlook for the market. Moreover, the widespread availability of home furnishing products through different distribution channels, including online and offline organized retail portals, and the growing demand for luxury home furnishings are providing a boost to the market growth across the country.
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India Home Furnishings Market Segmentation:
Our report has categorized the market based on product, price and distribution channel.
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
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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