India Online Furniture and Home Décor Market has witnessed a Strong Growth Trajectory Backed by Competitive Technological Advancements: Ken Research



India Online Furniture and Home Decor Industry

Now why

News from India

Increased digitization: E-retail business in India is growing through the advancement of technology, such as the availability of high-speed internet networks like 4G, and the increasing adoption of smart devices. These improvements have made it easier for consumers to purchase furniture through online channels. Moreover, the growing number of smartphone users in India, as well as online shopping, is driving furniture makers to market their products through online channels.

Emergence of new players: The growing popularity of online shopping is encouraging furniture makers, such as Godrej Furniture, Sapphire, and others, to introduce and sell their products online. For example, Nilkamal’s flagship brand @Home, a leading offline retailer of prefabricated furniture products, has launched an online shopping facility for exclusive selection of @ home furniture, furnishings and home decor items. Moreover, Swedish furniture behemoth – IKEA has recently entered the market.

Growing government support: As India seeks to become a global manufacturing hub, important initiatives such as “Make in India” and “Vocal for Local” have expanded the manufacturing sector, including furniture manufacturing. The Government of India’s Make in India project aims to increase the manufacturing sector to 25% of the country’s GDP by 2025. Furthermore, in August 2019, the government approved 100% FDI in contract production through automated routes, boosting the growth of this sector.

Work from home culture: One of the main reasons for the growth of the home-made furniture market is the increasing demand for versatile furniture. Companies could probably introduce a hybrid work model as employees continue to work from home for some time. This will help maintain the demand for furniture to work at home, such as laptop tables, study tables, etc.

Why Analysts at Research is their latest publication India Online Furniture and Home Decor Market Outlook for FY’2027 – Driven by Government Initiatives to Expand Customer Base and Promote Furniture IndustryThe online furniture and home decor market in India is expected to grow positively due to growing demand for office furniture, penetration of smartphones and growing e-commerce market of internet users in the country. The market is expected to register a positive CAGR of 36.8% in terms of revenue between the forecast period 2021P-2027F.

India-online-furniture-and-home-decor-market

Covered main part: –

By product category

Furniture

Home decor and home decor

By furniture items

Bed

Sofa set

Dining furniture

Chairs and tables

Others

By furnishing and furnishing

Textiles (linen, curtains, cushions and covers)

Table decor and wall decor

Mattress

Lighting

Other (spiritual), Floor, etc.)

By region

Level 1

Level 2

Level 3

By commercial / personal use

Private

Business

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India Online Home Decor Market Companies Cover: –

Pepperfry

Home Town

Home Center

At Nilkamal’s house

Godrej Interio

Urban Ladder (Reliance Retail)

IKEA

Space wood

Durian

The main target audience: –

Online home decor company

E-Commerce Marketplace Platform

Retail company

PE and VC firm

Duration covered in the report: –

Historical Duration – FY’2016-FY’2022

Forecast period – FY’2022-FY’2027

Key points covered in the report: –

India Furniture and Home Decor Market Overview

The original furniture manufacturing cluster

India Online Furniture and Home Decor Market Overview

The size of India online furniture and home decor market

India Online Furniture and Home Decor Market Segmentation FY’2022

India Online Furniture and Home Decor Market Growth Driver

India online furniture and home decor market trends and developments

Role and Initiative of India Online Furniture and Home Decor Market Government

India Online Furniture and Home Decor Market Logistics Restrictions

India Online Furniture and Home Decor Market SWOT Analysis

India’s Competitive Landscape Online Furniture and Home Decor

India Online Furniture and Home Decor Market Cross Comparison

Future scenario of India online furniture and home decor

Future Market Size and Segmentation, FY’2022-FY’2027F

Effects of Covid-19 on online furniture and home decor in India

Analyst recommendations

Case studies

For more information on the research report, read the link below: –

India Online Furniture and Home Decor Market

Related reports: –

KSA Furniture Market by end users (home, office, hotel and industry), by product category (bedroom – bed, wardrobe, dressing table; living room – sofa, sofa cum bed, television set, coffee table and center table; dining room; Kitchen), children’s furniture and online furniture market – Outlook until 2022

UAE Home Furniture and Furnishing Market Outlook to 2022 – Living Room Furniture (sofa, sofa cum bed, other seating furniture, coffee table, others), bedroom furniture (bed, mattress, wardrobe, drawer book), dining room, home office Furniture and furnishings (home textile, window covering, barbecue, lighting products)

India Hospital Furniture Market Outlook for FY’2025 – by product type (hospital bed, OT table, OT light, stretcher and others), by organized and unorganized market, by end users (hospital, clinic and diagnostic chain and home health care) Company)

Contact: –
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Ankur Gupta, Head Marketing and Communications
Support@kenresearch.com

+ 91-9015378249

The Post India Online Furniture and Home Decor market has witnessed a strong growth path backed by competitive technological advances: Ken Research first appeared in Ken Research.



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