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India's online furniture & home market to reach $40bn by 2026: Report
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New Delhi, Nov 8 (TIWN) Driven by pent-up and deferred demand, India's online furniture and home market is geared up to reach $40 billion in the next five years, a new report showed on Monday.
This will enable 5x GMV (gross merchandise value) growth for the category over FY21-26, according to data provided by Bengaluru-based market research firm ResSeer.
The online furniture category is seeing a steep growth with more and more shoppers putting trust in online for-high ticket furniture purchases. “Similarly, the online home category is expected to see a growth of 2.5x in shoppers in the next 5 years with a 1.3 jump in the annual spending per shopper to indicate 4x GMV growth,” the report forecast.
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