Whether you’re a seasoned homeowner or a first-time buyer, discovering the proper home furnishing can be an overwhelming task. Blog post with an overview of 10 likely home furnishing brands to appear in India by 2022.
Why Brands are Growing in India
It wasn’t until fairly recently that India began to be seen as a serious player in the global home furnishings market. In fact, market research firm Euromonitor International’s 2017 report states that India’s share of the global floor coverings and upholstery market will grow from 4.8 percent in 2016 to 7.5 percent by 2022. What’s behind this growth? For one, there are a growing number of affluent Indians who are looking to elevate their home décor beyond the traditional Indian themes of marble tiles, brass bedsteads and colorful quilts. Additionally, many international brands have been expanding their operations into India to tap into this burgeoning consumer market. Here are some of the top 10 home furnishings brands in India as of 2017: 1) Ikea 2) Walmart 3) Big Lots 4) Amazon 5) Target 6) Home Depot 7) Siti Furniture 8) Cromwell 9) Broyhill Furniture 10) IKEA
10 Furnishing Brands with the Fastest Growth Rate
In India, the home furnishing industry is expected to grow at a CAGR of 7.4% over the next five years, reaching Rs. 1.03 trillion by 2022. This growth can be largely attributed to increasing affluence and increasing purchasing power of Indian consumers. Out of the top 10 home furnishing brands in India, the following companies are expected to experience the highest growth rates: 1) Sabyasachi Ray-Ban 2) Royal Enfield 3) Lifestyle International Group (LIG) 4) DLF Ltd 5) Godrej Enterprises Ltd 6) Essense Home Collection 7) DirectHomeMedical 8) The Oberoi Group 9) Tanishq Group 10) Happo Home
Top 5 Furnishing Categories with Booming Demand in India
In India, home furnishing is one of the fastest-growing industries. In 2018, the furniture industry in India generated revenues of Rs 2.6 trillion ($41.4 billion), and is projected to grow at a CAGR of over 6% through 2022. The top five home furnishing categories in India are beds, furniture, floor coverings, lighting, and home appliances. Beds are by far the biggest category in Indian home furnishing, comprising more than two-thirds of the market. Beds are sold both as standalone items and as part of bedroom sets. Bed manufacturers are focused on increasing bed sales in higher-end segments such as hotels and homes of affluent Indians. Furniture is another popular category in Indian home furnishing. Furniture manufacturers are focussing on increasing sales in lower-priced segments such as middle-class homes and rural areas. Many furniture brands have launched special offers and deals to attract customers during festive seasons such as Diwali and Christmas. Floor coverings account for about 11% of total Indian home furnishings market, compared to just 5% a decade ago. Manufacturers are focusing on increasing sales in high-traffic areas
Conclusion
Looking to furnish your home with some of the best brands in India in 2022? Here are 10 of the most popular home furnishing brands in India currently and predicted to be among the top sellers in 2022. 1. Kent : Kent is a well-known and respected British brand, and their products are known for their quality and stylish designs. They have a wide range of products available, including furniture, home decorations, and flooring. They are also well known for their customer service, which is excellent. 2. Pepperfry : Pepperfry is a popular Indian home furnishing brand that offers an extensive range of products, from furniture to kitchenware and accessories. Offering good value for money, they have a loyal fanbase that loves their unique designs and innovative ideas. 3. Sarafuru Home Design : Sarafuru Home Design is another well-known Indian brand that specializes in designing and selling home furnishings. Their furniture is sleek and modern, perfect for contemporary homes. They also offer a wide range of products, including flooring, wall art, and rugs.
