India Home Furnishings Market to Worth INR 97,051.0 Crore by 2032 | With a 7.04% CAGR - IMARC Group

The latest report published 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 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 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.

Home furnishings refer to movable and decorative items that enhance the functionality and aesthetic appeal of residential spaces. These range from furniture like sofas and tables to soft furnishings such as curtains, rugs, and cushions. Other items include lamps, wall art, and home accessories like vases and decorative trays. Types of home furnishings can be broadly categorized into living room, bedroom, bathroom, and kitchen furnishings, each serving different functional and aesthetic purposes. These products usually come in various styles, materials, and designs, catering to diverse consumer preferences. The advantages of home furnishings include improved comfort, better space utilization, and the enhancement of a home's visual appeal. As a vital component of interior design, home furnishings also allow homeowners to express their personal style and create harmonious living environments.

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Market Trends:

The India Home Furnishings Market is majorly driven by the growing middle-class population with increased disposable income, which is leading to a heightened demand for quality home furnishings. Additionally, urbanization and modernization trends are influencing consumer preference toward more contemporary and convenient home décor solutions. Along with this, government initiatives also act as catalysts, creating more opportunities for the home furnishings sector. In addition, the increasing influence of digital platforms and e-commerce is broadening consumer reach, making a wide range of products accessible even in remote areas.

Moreover, the recent global health crisis is leading to a rise in work-from-home culture, subsequently providing a boost to the demand for home office furnishings. Apart from this, seasonal and festive sales further drive market growth, as consumers are more inclined to make purchases during these periods. Furthermore, customization and sustainability and consumers increasingly opting for personalized and eco-friendly products are creating a positive market outlook.

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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
• Market Outlook
• 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.