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:
The growth of India's home decor market is driven by factors such as rising disposable incomes, rapid urbanization, and shifting consumer preferences toward stylish and functional living spaces. The demand for modern decor items like furniture, lighting, textiles, and wall art is increasing as more people move to cities, seeking unique and personalized designs that reflect their lifestyle. E-commerce platforms have further accelerated market growth by offering easy access to a wide range of traditional and contemporary products. Additionally, social media and design influencers are shaping trends as consumers look for home improvement inspiration online.
A notable trend in the Indian home decor market is the growing demand for sustainable and eco-friendly products. As environmental awareness increases, more consumers are opting for decor made from natural, recycled, or upcycled materials. Minimalist and space-saving designs, especially for urban dwellers with smaller living areas, are also gaining popularity, driving the demand for multifunctional furniture and modular solutions. Furthermore, a blend of traditional craftsmanship with modern aesthetics is set to shape the market's future, as changing lifestyles and increased home improvement spending fuel the shift towards 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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