Market Insights Consumer Furniture Home Décor

Decorations - India

India

in India, a country with a rich history and vibrant culture, also plays a significant role in the Decorations market.
In 2024, the revenue in this segment amounts to US$0.39bn.
Looking ahead, the market is expected to experience steady growth, with an annual increase of 6.72% (CAGR 2024-2029).
When comparing global revenue figures, it is worth noting that in China leads the pack, generating a substantial revenue of US$9,231m in 2024.
However, India's contribution to the Decorations market cannot be overlooked, as it showcases a promising market potential.
Taking into account the total population figures, it is interesting to observe that in 2024, per person revenues amount to US$0.27.
This indicates the market's ability to generate revenue on an individual basis, highlighting the potential purchasing power within the country.
With its large population, India's contribution to the Decorations market is expected to continue growing in the coming years.
India's decorations market is thriving with a vibrant mix of traditional and contemporary designs, reflecting the country's rich cultural heritage.

Key regions: Germany, India, United States, China, United Kingdom

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.