Bedroom Furniture - India

  • India
  • In 2024, the revenue in the Bedroom Furniture market in India amounts to INR €731m.
  • It is projected that the market will experience an annual growth rate of 5.05% (CAGR 2024-2029).
  • When compared to other countries worldwide, United States generates the highest revenue in this segment, with INR €43,120m in 2024.
  • In terms of per capita revenues, each individual in India generates INR €0.51 in 2024.
  • India's bedroom furniture market is experiencing a surge in demand due to the growing urban population and increasing disposable incomes.

Key regions: Denmark, France, Worldwide, Germany, United States

 
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Analyst Opinion

The Bedroom Furniture market in India has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.

Customer preferences:
in India have shifted towards more modern and stylish bedroom furniture. As disposable incomes have risen, consumers are increasingly willing to invest in high-quality and aesthetically pleasing furniture for their bedrooms. Additionally, there is a growing demand for space-saving furniture solutions, as urban living spaces in India are often limited in size. This has led to an increased demand for multifunctional furniture pieces that can serve multiple purposes.

Trends in the market:
indicate a growing focus on sustainability and eco-friendly materials. Consumers in India are becoming more conscious of the environmental impact of their purchases and are actively seeking out furniture made from sustainable materials such as bamboo or reclaimed wood. This trend is also driven by an increasing awareness of the health benefits of using natural and non-toxic materials in furniture production.

Local special circumstances:
in India have also contributed to the development of the Bedroom Furniture market. The rapid urbanization and increasing number of middle-class households have created a large consumer base with the means to purchase bedroom furniture. Furthermore, the government's initiatives to promote affordable housing and the rise of e-commerce platforms have made bedroom furniture more accessible to a wider population.

Underlying macroeconomic factors:
have played a significant role in the growth of the Bedroom Furniture market in India. The country's strong economic growth and rising disposable incomes have created a favorable environment for the expansion of the furniture industry. Additionally, the government's push for the "Make in India" campaign has encouraged domestic production and reduced reliance on imports, leading to the growth of local manufacturers and suppliers in the bedroom furniture market. In conclusion, the Bedroom Furniture market in India has experienced significant growth due to changing customer preferences, trends towards sustainability, local special circumstances, and underlying macroeconomic factors. As the market continues to evolve, it is expected that the demand for modern, space-saving, and eco-friendly bedroom furniture will continue to drive growth in the coming years.

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.

Visión general

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  • Global Comparison
  • Analyst Opinion
  • Methodology
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