The home decoration items industry in India is a rapidly growing market, driven by an increasing middle class and a desire for Western-style home decor. The industry includes a wide range of products, including furniture, home textiles, lighting, and home accents. Some popular materials used in the industry include wood, metal, glass, and textiles. The industry is also characterized by a large number of small, family-owned businesses, as well as a growing number of international brands entering the market. The Indian government’s “Make in India” initiative has also helped to boost the domestic production of home decoration items.
However, the industry also faces challenges such as lack of standardization, inadequate infrastructure and logistics, and high import duties.
Popular home decoration products in India can be found in a variety of places, including:
- Furniture Stores: Furniture is one of the most popular home decoration items in India, and can be found in a wide range of stores, including both high-end and budget-friendly options.
- Home Decor Stores: There are a number of home decor stores in India that sell a wide range of products, including furniture, lighting, textiles, and home accents.
- Handicrafts Stores: India is known for its rich tradition of handicrafts, and these can be found in a variety of stores that specialize in traditional Indian home decoration items, such as hand-woven textiles, wooden carvings, and metalwork.
- Online Marketplaces: Online marketplaces have become increasingly popular in India in recent years, and offer a wide range of home decoration items, including furniture, lighting, textiles, and home accents.
- Street markets: street markets are also a good place to find home decoration products, especially traditional and handicraft items.
- Online e-commerce platforms: Online e-commerce platforms are also popular in India, and they offer a wide range of home decoration items, including furniture, lighting, textiles, and home accents, that can be ordered and delivered to your doorstep.
The home decoration items industry in India is a rapidly growing market, and its size is difficult to estimate exactly. However, it is estimated to be valued at around $30 billion in 2021, with a projected growth rate of around 10% per year. The furniture segment is the largest and the most organized sector within the home decor industry, with an estimated size of $13 billion in 2021. The home textiles segment is also significant, valued at around $5 billion in 2021. Other segments, such as lighting and home accents, are also growing at a steady pace. The industry is expected to continue to grow in the coming years as the Indian middle class continues to expand and consumer spending on home decoration items increases.
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