Home Decor Industry India

The home decor market is witnessing a healthy growth catalyzed by the rising levels of disposable incomes recovery of the real estate industry increasing urbanization rates and rising awareness levels.

Home decor industry india. The industry is dominated by unorganized sector which constitutes 90 of the total Indian market. The Indian home décor industry has been evolving at a fast rate. The perception and outlook of the industry also needs to change.

The furniture and home décor industry in India is largely unorganised which is a major hindrance for its growth. Detailed segmentation of international and local products. And as per latest reports home decor market is expected to garner 664 billion by 2020 registering a CAGR of 42 during the forecast period 2015-2020.

Rising levels of urbanization have resulted in an increasing number of new households being setup. With the boom in the real estate sector and increasing disposable incomes demand for the home decor and furniture industry will see a rise in 2019 but at the same time customers will look for. In addition upsurge in urban population and development of the real estate industry in emerging economies have fostered the sales of home decor products thereby fueling the growth of the global market.

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Growing adoption of luxury home furnishing products in India across various industries such as healthcare hospitality food services and commercial set-ups rising adoption of branded products surging purchasing power of consumers growing government focus to promote domestic manufacturing and increasing FDI inflow are all huge positives for the countrys home furnishing market which is. It is still not. Retailers institutional buyers and interior designers from cities like Kochi Thiruvananthapuram Madurai Bengaluru and Hyderabad have increased their presence at the tradeshow said Arun Roongta MD of HGH India.

Growth of the interior design industry in developing countries such as Indonesia China and India has surged the demand for home décor products. Rise in disposable income and willingness to spend on contemporary design and high quality furnishings have increased overall demand for home furnishing products. Production imports by origin exports by destination.