Research and Markets: India Home Furnishing Market Set to Cross US$ 5 Billion Revenues by 2018 says Recent Report
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gpzgns/india_home) has announced the addition of the "India Home Furnishing Market Forecast & Opportunities, 2018" report to their offering.
“India Home Furnishing Market Forecast & Opportunities, 2018”
Growth in retail industry, rising disposable income, changing consumer dynamics and booming textile industry are augmenting the sale of home furnishings in India.
India Home Furnishing Market Forecast & Opportunities, 2018, home furnishing market in India is expected to witness CAGR (compounded annual growth rate) of around 8% during 2013-2018. With the increase in the number of working women in the country, increasing demand among the consumers to design their houses is creating an impulse among the consumers, which is helping the market for home furnishing to grow. It is forecasted that India home furnishing market will reach USD 5.29 Billion revenues by 2018, due to growing retail industry along with high per capita income as well as growing population of the country which is making the future of home furnishing more promising.
Global home furnishing market has witnessed ups and downs in the last few years due to 2009 euro crisis and its post economic crisis. The global market has been growing at a slower rate but with the rise in income of the consumers and changing lifestyle, the market is expected to grow at a higher rate in future. Europe accounts for the largest market for home furnishing followed by Unites States and Asia Pacific.
The domestic market for home furnishing has been increasing due to rise in disposable income and a jump in home furnishing retail chains. The Indian market for home improvement is dominated by unorganized sector due to more brand visibility, varieties and low prices. Bombay Dyeing and Alok Industries are the leaders in the organized market. The segments in home furnishing include bed and bath linen, curtains and upholstery, kitchen linen, blankets, carpets and rugs. In the near future, the market for curtains & upholstery and blankets & rugs will grow at a faster rate.
- Bombay Dyeing and Manufacturing Company Limited
- Alok Industries Limited
- Welspun India Limited
- Kurlon Limited
- Creative Portico Private Limited
- Vishal Retail Limited
- India Home Furnishing
- Shahi Exports Private Limited
- Hindware Home Retail Private Limited
- D' Décor Home Fabrics Private Limited
For more information visit http://www.researchandmarkets.com/research/gpzgns/india_home
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