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Indian Furniture Market's Multifold Growth Journey

StartupTalkyStartupTalky · 7m
Indian Furniture Market's Multifold Growth Journey

The Indian furniture market is expected to undergo significant growth in 2024, driven by changing consumer preferences, advancements in technology, and increasing demand for innovative designs. Global manufacturers are planning strategic expansions into the Indian market, capitalizing on the rising middle class and strong economy. The online furniture market in India is also projected to expand rapidly, with estimates suggesting a tripling of shoppers by 2026. India's share in global furniture exports is relatively small but has potential for growth, especially in the US, German, and UK markets. Key rivals in the international furniture industry include China, Germany, and Vietnam. Overall, the Indian furniture sector is poised for a transformative year, marked by collaboration, sustainability, and innovation.

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Aman Singh
Aman SinghI'm On!....

All thanks to IKEA effect. 😁

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7 months ago

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