Home Decor Market Size In India

To calculate the market size. Furniture segment comprises 65 of the home market 35 of Institutions.

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NEW YORK June 4 2015 PRNewswire --.

Home decor market size in india. Retailers institutional buyers and interior designers from cities like Kochi Thiruvananthapuram Madurai Bengaluru and Hyderabad have increased their presence at the tradeshow said Arun Roongta MD of HGH India. Imported furniture constitutes to 85 of the total organized furniture industry in the country. Home Furniture Segment Poised to Touch a Value of Nearly US 202900 Mn in 2022.

The product demand is fueled by consumer preferences for fancy items to decorate in homes particularly wooden flooring and furniture. Owing to the channelize process of production distribution and selling and increasing demand for household furniture due to an increased spending capacity of consumers the home furniture market in India may have an interesting growth during the forecast period. As per Technopak estimates the Indian Home Décor market which stood at 13 billion in 2010 will touch 20 billion by 2015.

Home decor is an effective way of portraying the lifestyle that a consumer believes in. Home décor is a way that a house or apartment is decorated with various furnishings and accessories that make it look more appealing. The home décor market is growing nationally at 20.

Home décor has recently gained importance in the global market where the generalists are learning various ways in which they can keep their home looking brilliant and peaceful. Home decor market to reach 8386 billion by 2027 at a CAGR of 39. The entire Home decor category spends furniture accounts about 68 of the share while remaining 32 comprises of furnishings and home improvement.

Over the last. APEJ Home decor market is the most attractive market growing at a robust CAGR over the assessment period. India is one of the fastest growing markets for home furnishing products in Asia-Pacific.

Moreover the market is expected to garner. LONDON--BUSINESS WIRE--Technavio has been monitoring the online home decor market and it is poised to grow by USD 8332 billion during 2020-2024 progressing at a CAGR of almost 13 during the. According to a TechSci Research report India Home Furnishing Market By Product Type By Region and Competition Forecast and Opportunities 2010 2020 home furnishing market in India is projected to cross INR40000 crore by 2020 on account of rising demand for contemporary designs increasing number of households growing demand for branded and cus tom designed furniture and increasing availability of innovative and affordable home furnishing products in the country.

Market segmented into product type Income group price point distribution channel and region. The category is seeing a huge scope and acceptance among consumers when it comes to digital buying. Rising demand for home decor products such as bed linen products wall hangings rugs carpets etc along with growing demand for handcrafted products is boosting the countrys home furnishing market.

Moreover the market is expected to garner. As per the forecast of Future Market Insights the home furniture segment is expected to reach a value of nearly US 202900 Mn in the year 2022. The Global Home Decor Market size is expected to reach 7926 billion by 2025 rising at a market growth of 49 CAGR during the forecast period.

The India Furniture Market is anticipated to reach USD 3261 Billion by 2018 by registering a CAGR of 1338 during the forecast period ie. Online Home Decor Market in India Facts Scope Challenges and players. Home decor products are used in the decoration of an apartment or a house with various accessories and furnishings to provide a more aesthetic and pleasant appeal to the building.

The Indian home furniture market is expected to register a higher CAGR during the forecast period. Online Home Decor Market in India 2015-2019 News provided by. Skipper Furnishings Business Development Head Vishal Jain says that by 2018 the home furnishing market in India is expected to grow at a CAGR of 8 per cent to reach US 529 billion.

The global home decor market reached a value of US 6414 Billion in 2020. Home decor includes decoration of a livable interior where layout and furnishings of space are enhanced using ornamentation and beautification. Market Size Growth.

The global home decor market size was valued at USD 6631 billion in 2018. Rising demand for furniture and fixtures as well as upholstery products will boost the product demand in the market. Growth in end-use sectors such as hospitality and residential along with the rising awareness about changing home décor trends is estimated to drive the global market.

India imports furniture from. The India Furniture Market is anticipated to reach USD 3261 Billion by 2018 by registering a CAGR of 1338 during the forecast period ie. South India is growing at faster clip of 25 to 30.

Total retail market is worth Rs 102750 crore US 1713 bn growing at 12-13 per cent and is expected to be worth Rs 144323 crore US 2405 bn by 2017. The global home textiles market size was valued at USD 9473 billion in 2018 and is expected to register a CAGR of 501 from 2019 to 2025. Reportlinker Jun 04 2015 0422 ET.

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