India’s home and furniture market is estimated to touch $40 billion by 2026 says a report by consulting firm RedSeer. As pandemic has made online a preferred medium of shopping, number of online furniture shoppers is estimated to rise from 1.8 million in FY21 to 4.8 million in FY26. Growth in no.of online shoppersThe study suggests that in the next five years, online furniture shoppers will triple in size. The online furniture spend is estimated to touch $2.2 billion with five million unique shoppers by FY26. The online home spend is estimated to touch $1.8 billion with 45 million unique shoppers by FY26.

Source: The Hindu January 11, 2022 01:27 UTC