Top 5 Furniture Market Trends for the Upcoming Year
Updated: Nov 8, 2021
With the continuous growth of the furniture market in India, the total estimate was US$ 17.77 billion in 2020 and will increase to US$73.72 billion in 2022. Since India is rich in handicrafts, there is a huge market of furniture and luxury furniture across India. It has led to the entry of several international and global brands to enter the furniture market. You can see the best furniture store in Kirti Nagar, New Delhi, the Kuka By Arterio, the only flagship store of KukaHome furniture products that display luxury and opulence to the power of infinity.
India is the country serving the furniture needs for the middle and upper strata of society. There are different types and at different rates that every class can afford as per their income type. So, the upcoming year 2022 seems to be a prospective market for the furniture industry. Here are 5 upcoming trends for the year 2022 for which every furniture brand should adopt for better growth.
Recommended Read: Why Kuka By Arterio Is the First Choice For Luxury Furniture Lovers?
Increase in Online Furniture Sales:
The year 2020 has seen a decline in the demand for furniture due to the sudden Covid-19 strike. However, there was a slight growth recorded in the online sales. As people refrained from visiting showrooms, they switched to ordering their furniture online. The upcoming years are a sign of huge furniture market growth, especially online, as a large amount of the population has switched online.
Eco-Friendly Furniture will have Soaring Demand:
Most of the furniture brands have moved towards sustainability and more brands are planning to switch to protect the environment. To reduce the environmental impact, the green products initiative is adopted by many entrepreneurs. The demand for them will increase in the upcoming year.
More Purchasers than 2021:
The upcoming year will have a sharp increase in furniture purchasers as offices are resuming back with employees post-pandemic. Old furniture will need replacement and the introduction of new furniture will raise its demand. Furniture dealers will have to be ready with varieties and designs to satiate the demand for their commercial purchaser.
As technology has made remote work easy, most of the employees are seen working from their homes or other locations. This has made offices adopt flexible workspace that has changed the demand for furniture significantly. Rather than assigned seats, offices will have a workplace that can accommodate groups instead of a cubical system.
More Flexibility for purchasers:
The increase in production and demand for furniture will introduce more flexibility for the users who decide to get a new one. The dealers will have the pressure to offer more services rather than just choosing, purchasing, and delivering. It can be like free installation, free/paid maintenance service for luxury furniture, free furniture cleaner stock for a while, etc. to attract clients. The high degree of flexibility will attract more clients.
So, if you’re planning to buy furniture in 2022, be decisive and wait for the best time and luxury furniture shop in New Delhi for their best stock to come.