Tuesday, 02 January 2024 12:17 GMT

India Home Decor Market Size, Share, Industry Growth, Trends, Outlook And Forecast Report 2025-2033


(MENAFN- IMARC Group) The India home decor market size was valued at USD 25.50 Billion in 2024 and is projected to reach USD 40.80 Billion by 2033, expanding at a compound annual growth rate (CAGR) of 5.40% during the forecast period (2025-2033). The market is witnessing significant growth, driven by rising disposable incomes, rapid urbanization, and a burgeoning middle-class population. These India home decor market trends are shaping the industry's evolution.

Key Highlights:

  • Market size (2024): USD 25.50 Billion
  • Forecast (2033): USD 40.80 Billion
  • CAGR (2025–2033): 5.40%
  • Increasing consumer spending on home aesthetics and comfort
  • Growing influence of social media and e-commerce platforms
  • Rising demand for personalized and smart home decor solutions

How Is AI Transforming the Home Decor Market in India?

AI-enabled home decor solutions are revolutionizing the industry by offering enhanced personalization and efficiency:

  • Personalized Recommendations: AI algorithms analyze user preferences, past purchases, and current trends to provide tailored product suggestions, improving the shopping experience.
  • Virtual Visualization: AI-powered tools, including virtual reality (VR) and augmented reality (AR), allow consumers to visualize furniture and decor items in their own spaces before purchasing, reducing uncertainty and enhancing decision-making.
  • Space Planning and Design Optimization: AI tools assist interior designers and homeowners in optimizing layouts, selecting color schemes, and arranging furniture for maximum aesthetic appeal and functionality.
  • Streamlined Supply Chain and Operations: AI helps in predicting demand, optimizing inventory, and improving logistics for home decor manufacturers and retailers, leading to cost savings and operational efficiencies.

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Key Market Trends and Drivers:

  • Rising Disposable Incomes & Urbanization: The expanding middle class and increasing migration to urban areas are fueling demand for high-quality, fashionable, and space-efficient home decor products.
  • E-commerce Boom and Digital Influence: The widespread internet penetration and reliance on smartphones have driven the growth of online retail for home decor, offering convenience, variety, and competitive pricing. Social media platforms like Instagram and Pinterest continue to shape consumer tastes and inspire design choices.
  • Growing Interest in Home Aesthetics: Consumers are increasingly prioritizing home aesthetics and comfort, leading to higher spending on interior design, designer accessories, and decorative lighting to personalize their living spaces.
  • Demand for Smart and Multifunctional Furniture: With smaller living spaces in urban areas, there's a strong demand for modular, space-saving, and smart furniture that integrates technology for enhanced convenience and ambiance.
  • Sustainability and Eco-Friendly Products: A rising awareness of environmental concerns is driving consumer preference for sustainable, ethically sourced, and eco-friendly home decor items made from natural materials.

Market Segmentation:

The report has segmented the market into the following categories:

Analysis by Product Type:

  • Home Furniture
  • Home Textiles
  • Flooring
  • Wall Decor
  • Lighting
  • Others

Analysis by Distribution Channel:

  • Home Decor Stores
  • Supermarkets and Hypermarkets
  • Online Store
  • Gift Shops
  • Others

Regional Analysis:

  • South India
  • North India
  • West & Central India
  • East India

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Latest Development in the Industry:

  • In August 2025, IKEA India announced Patrik Antoni as its new CEO, aiming to oversee retail operations and shared functions, signaling a continued focus on the Indian market.
  • Indian furniture brand WoodenStreet announced plans to quadruple its revenue in three years and is considering an IPO, indicating significant expansion and investor interest in the online furniture and decor segment.
  • Companies in the decorative paints sector, which significantly influences home decor, are showing strong performance with new entrants rapidly gaining market share, reflecting a vibrant and competitive landscape.

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IMARC Group

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