India Home Furnishings Market Overview, Industry Size, Share, Outlook and Business Statistics 2023-2028

The latest report published by IMARC Group, titled "India Home Furnishings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on India Home Furnishings Market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India home furnishings market size reached INR 48,625 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 78,536 Crore by 2028, exhibiting a growth rate (CAGR) of 8.23% during 2023-2028

What are home furnishings?

Home furnishings include a broad range of objects and accessories that are utilized to enhance and decorate a living space. They consist of an extensive selection of items that are both useful and beautiful, adding to the general comfort, style, and atmosphere of a house. Additionally, they comprise furniture items that serve functional tasks while also expressing individual interests and preferences, such as couches, chairs, tables, beds, and cupboards. The styles, materials, and designs of these furniture items cater to numerous home design types, from modern and minimalist to traditional and eclectic. In addition to furniture, they also have decorative items including rugs, carpets, curtains, and blinds that provide a room texture, color, and visual appeal. Moreover, textiles have significance in house furniture. Textiles enhance an area with comfort, softness, and color, from beds and pillows to upholstery and draperies.

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What are the growth prospects and trends in the India home furnishings industry?

Significant growth in the e-commerce industry majorly drives the market in India. This can be supported by the easy accessibility to the internet and the increasing reliance on smartphones, tablets, and laptops. Along with this, the growing disposable incomes of individuals are leading to increased adoption of luxury home furnishings is significantly supporting the market. In addition, the government is introducing initiatives to promote domestic manufacturing and reduce dependency on imports is also positively influencing the market. Apart from this, manufacturers are employing visually appealing online product displays and carrying out aggressive promotional campaigns to capture the attention of potential customers, contributing to the market. Furthermore, key players are offering customization options, allowing customers to request specific materials and colors, which is creating a positive market outlook. Some of the other factors driving the market include the advent of home delivery model and rapid urbanization.

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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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.