India Home Decor Market is Booming with a CAGR of 5.58% During 2024-2032

India Home Decor Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.58% (2024-2032)

The India home decor market is rapidly growing, driven by rising incomes, urbanization, and evolving consumer preferences for stylish, functional interiors across furniture, furnishings, and decorative items. According to the latest report by IMARC Group, the market is projected to exhibit a growth rate (CAGR) of 5.58% during 2024-2032.

India Home Decor Market Trends and Drivers:

• Key Drivers:

  • Rising disposable incomes

  • Rapid urbanization

  • Evolving consumer preferences for stylish yet functional living spaces

• Urbanization Impact:

  • Increased migration to cities

  • Rising demand for modern decor items such as furniture, lighting, textiles, and wall art

  • Focus on unique, personalized designs that reflect individual lifestyles

• Role of E-commerce:

  • Boosted market growth by providing easy access to a wide variety of traditional and contemporary products

• Influence of Social Media:

  • Social media and design influencers shaping consumer trends

  • Offering home improvement inspiration

Key Market Trends

• Sustainable and Eco-friendly Products:

  • Increased demand due to greater environmental awareness

  • Consumers choosing decor made from natural, recycled, or upcycled materials

• Minimalist and Space-saving Designs:

  • Popular among urban residents with limited living space

  • Driving need for multifunctional furniture and modular solutions

• Fusion of Traditional and Modern Aesthetics:

  • Blend of traditional craftsmanship with modern designs

  • Reflects shifting lifestyles and increased spending on home improvement

  • Growing focus on sustainable living

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India Home Decor Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

• Home Furniture

• Home Textiles

• Flooring

• Wall Decor

• Lighting

• Others

Breakup by Distribution Channel:

• Home Decor Stores

• Supermarkets and Hypermarkets

• Online Store

• Gift Shops

• Others

Breakup by Region:

• South India

• North India

• West & Central India

• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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