Online Home Decor Market in India to Record a CAGR of 10.24%, Rise in Online Spending and Smartphone Penetration to Drive Growth – Technavio – QNT Press Release

NEW YORK, Aug. 1, 2022 /PRNewswire/ — The online home decor market size in India is forecasted to grow by USD 3.75 billionaccelerating at a CAGR of 10.24%, between 2021 and 2026. Technavio segments the market by type (home furniture, home furnishings, and other home decorative products) and application (indoor and outdoor). The report provides a comprehensive analysis of recent developments , new product launches, major revenue-generating segments, and market behavior across geographies.

Key points covered in the online home decor market study in India:

  • Market estimates and forecast 2022-2026
  • Key drivers, trends, and challenges impacting market growth
  • Segment-wise, region-wise, and country-wide analysis
  • Analysis of market share by vendors
  • Key product launches and regulatory climate
  • Post-COVID-19 impact on the market landscape.

Download PDF Report Sample

The leading vendors should focus on opportunities such as acquiring new brands to maintain their dominance in the online home decor market in India during the forecast period. In addition, sustainability is an essential practice undertaken by major competitors and other prominent competitors. Vendors are also focusing on the customization of furniture through consumer interactions. Major competitors are putting efforts to constantly mass-customize their furniture by interacting with consumers.

The market is primarily driven by the rise in online spending and smartphone penetration. For example, devices with larger interfaces are more suitable for purchasing products online. Websites provide detailed information on products, including quality, safety measures, and user guidance. They also offer security features for online payments, free delivery, improved online customer services, and customer-friendly designs of online shopping websites.

The full report provides information on other drivers, trends, and challenges that are impacting the growth of the market. Request a Sample PDF Report

The home furniture type segment will generate maximum revenue in the online home decor market in India. The main target markets for home furniture manufacturers are tier-I and tier-II cities, which enable vendors to efficiently handle their operations related to online distribution channels, logistics, and e-retailers. This has enabled manufacturers to ensure that their products are available online and offline. Thus, the growing e-commerce sector will drive the demand for online home furniture in India during the forecast period.

Identify major revenue-generating segments in the online home decor market in India. View our Sample Report

The online home decor market in India is fragmented, and the vendors are deploying growth strategies such as price, quality, brand, and variety to compete in the market. Product innovation is expected to be a key trend in the market during the forecast period.

Some of the key players in the online home decor market share in India include:

  • Inc.
  • D decor Home Fabrics Pvt. Ltd.
  • Forte furniture products India Pvt. Ltd.
  • Pepperfry Pvt. Ltd.
  • Praxis Home Retail Ltd.
  • Reliance Industries Ltd.
  • Snapdeal Pvt. Ltd.
  • Tata Sons Pvt. Ltd.
  • The Crafty Angels
  • Walmart Inc.

Didn’t find what you are looking for? Our analysts can help you customize this report based on your business requirements. The industry experts at Technavio will work directly with you to understand your needs and provide you with customized data in a short time. Speak to our Analyst Now

Related Reports:

Furniture Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026
Office Furniture Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

Full story available on

Source link

Recommended For You

About the Author: News Center