Press release
India Online Furniture and Home Décor Market has witnessed a Strong Growth Trajectory Backed by Competitive Technological Advancements: Ken Research
Increased Digitization: The e-retail business in India is being boosted by technology improvements, such as the availability of high-speed internet networks, like 4G, and increased adoption of smart devices. Customers were able to purchase furniture more easily through online channels, as a result of these improvements. Furthermore, the growing number of smartphone users in India, as well as online shopping, is driving the furniture manufacturers to market their products through online channels.
Emergence of New Players: Growing popularity of online shopping is encouraging furniture manufacturers, such as Godrej Furniture, Nilkamal, and others, to introduce and sell their products online. For example, Nilkamal's flagship brand @Home, a prominent offline retailer of prefabricated furniture products, has launched an online shopping facility for its exclusive selection of @Home furniture, furnishings, and home decor items. Moreover, Swedish furniture behemoth - IKEA recently entered the market.
For More Information on the research report, refer to below link:-
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/india-online-furniture-and-home-decor-market-outlook-to-2027/536297-95.html
Growing Government Support: As India strives to become a worldwide manufacturing hub, key initiatives, such as "Make in India" and "Vocal for Local," have boosted the manufacturing sector, including furniture manufacture. The Government of India's Make in India project intends to raise the manufacturing sector's proportion of the country's GDP to 25% by 2025. Furthermore, in August 2019, the government approved 100% FDI in contract manufacturing via the automated route, boosting the sector's growth.
Work from Home Culture: One of the primary factors driving the growth of the work-from-home furniture market is an increase in the demand for multifunctional furniture. Companies are likely to introduce a hybrid work model, with employees continuing to work from home for some of the time. This will help to maintain demand for furniture for working at home, such as laptop tables, study tables, etc.
Analysts at Ken Research in their latest publication "India Online Furniture & Home Décor Market Outlook to FY'2027 - Driven by Expanding Customer Base and Increasing Government Initiatives to Promote Furniture Industry" believe that the Online Furniture & Home Decor market in India is expected to experience positive growth owing to the growing demand for the office furniture, increasing e-commerce market coupled with the surge in the penetration of smartphones and growing internet users in the country. The market is expected to register a positive CAGR of 36.8% in terms of revenue during the forecasted period 2021P-2027F.
Key Segments Covered:-
By Product Category
Furniture
Furnishings & Home Decor
By Furniture Items
Beds
Sofa Sets
Dining Furniture
Chairs & Tables
Others
By Furnishings & Home Décor
Textiles (Linen, Curtains, Cushions & Covers)
Table Décor & Wall Décor
Mattresses
Lighting
Others (Spiritual, Flooring, etc.)
By Region
Tier 1
Tier 2
Tier 3
By Commercial/Personal Usage
Personal
Commercial
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTM2Mjk3
India Online Home Décor Market Companies Covered:-
Pepperfry
Home Town
Home Centre
At Home by Nilkamal
Godrej Interio
Urban Ladder (Reliance Retail)
IKEA
Space Wood
Durian
Key Target Audience:-
Online Home Décor Companies
E-Commerce Marketplace Platform
Retail Companies
PE and VC Firms
Time Period Captured in the Report:-
Historical Period - FY'2016-FY'2022
Forecast Period - FY'2022-FY'2027
Key Topics Covered in the Report:-
India Furniture & Home Décor Market Overview
Key Furniture Manufacturing Clusters
India Online Furniture & Home Décor Market Overview
India Online Furniture & Home Décor Market Size
India Online Furniture & Home Décor Market Segmentation FY'2022
India Online Furniture & Home Décor Market Growth Drivers
India Online Furniture & Home Décor Market Trends & Developments
India Online Furniture & Home Décor Market Government Role and Initiatives
India Online Furniture & Home Décor Market Logistics Constraints
India Online Furniture & Home Décor Market SWOT Analysis
Competitive Landscape of India Online Furniture & Home Décor
India Online Furniture & Home Décor Market Cross Comparison
India Online Furniture & Home Décor Future Scenario
Future Market Size and Segmentations, FY'2022-FY'2027F
Covid-19 Impact on India Online Furniture & Home Décor
Analyst Recommendations
Case Studies
For More Information on the research report, refer to below link:-
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/india-online-furniture-and-home-decor-market-outlook-to-2027/536297-95.html
Related Reports:-
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/ksa-home-furniture-market/142278-95.html
https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/uae-home-furniture-furnishing-market/175028-95.html
https://www.kenresearch.com/healthcare/general-healthcare/india-hospital-furniture-market-outlook-to-2025/348337-91.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
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We currently cater to 300+ sectors with 150,000+ research repository across 196+ countries serving 1000+ clients and have partnered with almost 25+ content aggregators.
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