Product Code: ETC043564 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India wardrobes market is expected to grow at a CAGR of 6.3% during the forecast period (2020-2026). The growing interest in home furnishing and interior decoration, increasing disposable income, and rising trend of online shopping are some of the major factors driving the growth of India wardrobe market. In addition, changing lifestyle preferences and space constraints have also led to an increased demand for modern sliding door wardrobes among consumers in urban areas.
Some key drivers for the growth of India`s wardrobe market include: Increasing disposable incomes, Rising trend towards online shopping, Growing interest in home furnishing & interior decoration, Changing lifestyle preferences, and Space constraints leading to greater demand for modern sliding door wardrobes in urban areas.
Nevertheless, there are certain challenges associated with this industry as well which can affect its overall growth prospects such as high cost associated with customizing these products due to complex design requirements, availability of counterfeit furniture pieces at lower prices resulting into low profit margins for companies operating in this segment along with difficulty in logistics operations given bulky nature and size variations amongst other factors.
Major players operating in this market include Godrej Interio Ltd., Durian Industries Pvt Ltd., Hometown Furniture Private Limited, Usha International Limited , Nilkamal Group Of Companies etc.
Due to restrictions imposed by government on economic activities during COVID-19 pandemic has adversely affected production process affecting supply chain dynamics across various sectors including furniture industry leading towards decline in sales revenue recorded by manufacturers operating within this domain . However demand from ecommerce channels is seen gaining traction providing impetus towards overall recovery while companies actively transitioning their operations over digital platforms aiding them maintain their regular production levels amidst crisis situation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Wardrobes Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Wardrobes Market Revenues & Volume, 2020 & 2030F |
3.3 India Wardrobes Market - Industry Life Cycle |
3.4 India Wardrobes Market - Porter's Five Forces |
3.5 India Wardrobes Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Wardrobes Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 India Wardrobes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Wardrobes Market Trends |
6 India Wardrobes Market, By Types |
6.1 India Wardrobes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Wardrobes Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 India Wardrobes Market Revenues & Volume, By Finished Wardrobes, 2020-2030F |
6.1.4 India Wardrobes Market Revenues & Volume, By Customized Wardrobes, 2020-2030F |
6.2 India Wardrobes Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Wardrobes Market Revenues & Volume, By Residential Use, 2020-2030F |
6.2.3 India Wardrobes Market Revenues & Volume, By Commercial Use, 2020-2030F |
7 India Wardrobes Market Import-Export Trade Statistics |
7.1 India Wardrobes Market Export to Major Countries |
7.2 India Wardrobes Market Imports from Major Countries |
8 India Wardrobes Market Key Performance Indicators |
9 India Wardrobes Market - Opportunity Assessment |
9.1 India Wardrobes Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Wardrobes Market Opportunity Assessment, By Application, 2020 & 2030F |
10 India Wardrobes Market - Competitive Landscape |
10.1 India Wardrobes Market Revenue Share, By Companies, 2023 |
10.2 India Wardrobes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |