Mrs. Khan loves to shop for a variety of home furnishing products every now and then as she likes to add new design, style and theme to her home. She believes that a home’s interior reflects the style of living of the people residing there.
Home furnishing is an inseparable part of interior designing and counts for a major portion of the total budget spend on the interiors. With the passage of time, people are getting more and more conscious about the home furnishing items. From curtains to carpets and bed linens to cushions, everything is being taken care of. Some decades ago, products like attractive floor coverings, designer lamps, candle holders, vases, table linen, etc, were used only on special occasions or festivals but now they are an everyday thing. Most of the urban families are spending a good amount of money on home furnishing products to maintain their class, standard of living and look of their house.
The demand for home furnishing products is growing and so does the home furnishing industry. Some of the reasons behind this rise includes higher disposable income, increase in purchasing power and increase in amount of money spend on lifestyle and interior designing.
Godrej interior, Bombay Dyeing, D’Decor, Portico, Fabindia, Greenply, etc., are some of the leading home furnishing players in the Indian market. The home furnishing industry is growing at an annual rate of around 13%, offering great business opportunities for Small Medium Enterprises. India, being a leading textile and a handicrafts rich country, serves a variety of home furnishing products to the International market. Indian home furnishing products are known for their unique designs, weaving techniques, intricate carving, patterns, color schemes and themes.
According to a study named ‘Indian Home Furnishing Market forecast and opportunities, 2018′, by the year 2018, the home furnishing market in India is expected to grow at CAGR of 8% and the value of the market is expected to reach USD 5.29 Million. Such studies highlight that the Indian home furnishing industry is a hub of new business opportunities and ensure profitable investments. You can start a business catering to home furnishing market in order to generate good revenue and growth.