Home Decor Industry In India 2020
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Home decor industry in india 2020. PRNewswire -- The online home decor market is poised to grow by USD 8332 billion during 2020-2024 progressing at a CAGR of almost 13 during the forecast. Production imports by origin exports by destination. India Big 7 is Indias leading and largest trade event on gifts stationery writing instruments office supplies gadgets houseware kitchenware home décor Lifestyle Apparels Luggage food Confectionery beauty health Wellness industry in India.
Analysis of key supply-side and demand trends. With the increase in the number of online retailers. The Home Furnishings in India market research report includes.
In 2020 home paint remained by far the dominant category within home improvement. The market for home interiors and renovation in India is estimated to be between USD 20 Billion- USD 30 Billion. Rising domestic production of home furnishing products along with increasing number of government initiatives such as handicraft schemes Technology Upgradation Fund Scheme TUFS integrated textile parks etc coupled with government campaigns such as Make in India aimed at encouraging domestic manufacturing rising FDI inflow in textile and apparel sectors are anticipated to fuel growth in India home furnishing market.
The global home decor market size was estimated at USD 69718 billion in 2019 and is expected to reach USD 73720 billion in 2020. Ad Download Home Decor Industry Reports on 180 countries with Report Linker. The global home decor market was valued at 6166 billion in 2019 and is estimated to reach 8386 billion by 2027 registering a CAGR of 39 from 2020 to 2027.
These are the key growth drivers of the home furniture industry in India. Instant industry overview Market sizing forecast key players trends. In order to maintain consumers attention paint companies launched new innovative products at the end of the review period.
The global home decor market reached a value of US 6414 Billion in 2020. What is the home decor market growth. The home decor and interiors industry in India has never been hotter.