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India Home Furnishings Market Report by Product (Home Furniture, Home Textile, Wall Decor, and Others), Price (Mass, Premium), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112023A5426
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Market Overview:
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.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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INR 52,626.8 Crore |
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Market Forecast in 2032
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INR 97,051.0 Crore |
| Market Growth Rate 2024-2032 | 7.04% |
Home furnishings include furniture, appliances, rugs, cooking utensils, art objects, wall-to-wall carpeting, built-in ovens, ranges, and dishwashers. They aid in providing an appeal and comfortable ambiance to different spaces of a home, including the bedroom, living room, and dining room. There is currently a rise in the availability of innovative and affordable home furnishings across India.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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India Home Furnishings Market Trends:
The thriving e-commerce industry on account of the increasing internet penetration and reliance on smartphones, tablets and laptops represents one of the key factors propelling the growth of the market in India. Additionally, leading players operating in the country are focusing on visually attractive online product displays and aggressive promotional campaigns to widen their existing consumer base. They are also offering customization to customers, which enables them to request for a specific material and color of furniture upholstery to match their home décor. Apart from this, the Government of India is introducing campaigns like Make in India that aim at minimizing exports and encouraging domestic manufacturing of home furnishings to offer employment opportunities. In addition, it is implementing Amended Technology Upgradation Fund Scheme (ATUFS) to catalyze capital investments for technology up-gradation and modernization of the textile industry. This, along with the rising foreign direct investment (FDI) in the textile sector and the growing demand for bath and table linen, is driving the market across the country. Moreover, there is an increase in the adoption of luxury home furnishings due to the rising disposable incomes of individuals. Factors, such as the increasing number of households and rapid expansion of interior design businesses across India, are also strengthening the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India home furnishings market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product, price and distribution channel.
Breakup by Product:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | INR Crore |
| Segment Coverage | Product, Price, Distribution Channel, Region |
| Region Covered | North India, West and Central India, South India, East India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The India home furnishings market was valued at INR 52,626.8 Crore in 2023.
We expect the India home furnishings market to exhibit a CAGR of 7.04% during 2024-2032.
The rising demand for luxury home furnishings, along with the increasing utilization of personalized home decor products, is primarily driving the India home furnishings market.
The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer preferences from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of home furnishings across the nation.
Based on the product, the India home furnishings market can be categorized into home furniture, home textile, wall décor, and others. Currently, home furniture exhibits clear dominance in the market.
Based on the price, the India home furnishings market has been segmented into mass and premium, where mass currently holds the largest market share.
Based on the distribution channel, the India home furnishings market can be bifurcated into supermarkets and hypermarkets, specialty stores, online stores, and others. Among these, specialty stores account for the majority of the total market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India home furnishings market.
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