How big is the home decor market in India?

Technavio’s analysts forecast the online home décor market in India to grow at a CAGR of 50.42\% in revenue over the period 2014-2019.

Is home decor business profitable in India?

Hence, it is not surprising to learn that the furniture and home décor market in India is a profitable business to be in. In fact, it is predicted to reach $27 billion by 2022, according to a report by the Hong Kong Trade Development Council.

How much is the home decor industry worth?

The value of the home décor market in the United States was forecast to reach 202 billion U.S. dollars in 2024, a 20 percent increase from 2019 value, which stood at 169 billion U.S. dollars. IKEA, Wayfair, and Bed Bath & Beyond are among the leaders in the home décor and furnishing industry in the United States.

What comes under home furnishings?

Home Furnishing.

How big is the home furnishing industry?

The market size, measured by revenue, of the Home Furnishings Stores industry is $30.5bn in 2021.

What business should I start from home?

Simple business ideas to start at home that are service-based include:

• House cleaning.
• Freelance writing.
• Personal training.
• Virtual assistance.
• Dog walking.
• Marketing.
• Designing.

What is the meaning of home decor?

Home decor is the art of making your home look nice. Home decor is inclusive of physical items and objects (furniture, art, and accessories), placement of physical items and objects, and room colors and materials (flooring, wall coverings, window coverings, and ceilings).

What industry is home decor?

The home furnishings retail industry allows consumers to make their homes truly their own with their very choices of furniture and decor. The demand for home furnishings is cyclical, influenced by housing starts, as desires to remodel and redesign are not necessary during slow economic times.

Is the home decor market growing?

The global home decor market size was estimated at USD 697.18 billion in 2019 and is expected to reach USD 737.20 billion in 2020. The global home decor market is expected to grow at a compound annual growth rate of 6.6\% from 2019 to 2025 to reach USD 1,037.14 billion by 2025.

How big is the home furnishing market?

What are soft furnishings?

textiles, frequently referred to as soft furnishings, are fabrics used in the home. They include items frequently classified as linens, such as bath and dish towels, table linens, shower curtains, and bathroom ensembles. Related items include sheets, pillowcases, mattresses, blankets, comforters, and bedspreads.

How is the India home furniture market segmented?

The India Home Furniture Market is segmented by Type (Living-Room and Dining-Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, and Plastic and Other Furniture) and by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels).

What is driving the home furnishing market in India?

“The home furnishing market in India has witnessed a prolific boom in the country. There were a number of factors which have led to a growth in home furnishing demand in the Indian households in the last few years. The growing phase of infrastructure and real estate market has augmented the demand for home furnishings products in the country.

Is unorganised furniture industry hindering India’s growth?

Interestingly north is having lowest share of store count inspite of being densely populated region. The furniture and home décor industry in India is largely unorganised which is a major hindrance for its growth. “The perception and outlook of the industry also needs to change.

What is the retail presence of home decor and furnishing brands?

The retail presence of home decor and furnishing brands are more in south and west. Interestingly north is having lowest share of store count inspite of being densely populated region. The furniture and home décor industry in India is largely unorganised which is a major hindrance for its growth.