India Luxury Fabric Market Size & Outlook, 2023-2030
India luxury fabric market, 2018-2030 (US$M)
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India luxury fabric market highlights
- The India luxury fabric market generated a revenue of USD 163.3 million in 2023 and is expected to reach USD 482.6 million by 2030.
- The India market is expected to grow at a CAGR of 16.7% from 2024 to 2030.
- In terms of segment, interior was the largest revenue generating type in 2023.
- Exterior is the most lucrative type segment registering the fastest growth during the forecast period.
Luxury fabric market data book summary
| Market revenue in 2023 | USD 163.3 million |
| Market revenue in 2030 | USD 482.6 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Interior |
| Fastest growing segment | Exterior |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Interior, Exterior |
| Key market players worldwide | Sanderson Design Group PLC Ordinary Shares, Castellum AB, Lvmh Moet Hennessy Louis Vuitton SE, Ermenegildo Zegna NV, Jim Thompson Fabrics, Pierre Frey, The Romo Group, Kravet, Perennials and Sutherland, De Le Cuona |
Other key industry trends
- In terms of revenue, India accounted for 4.3% of the global luxury fabric market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China luxury fabric market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 482.6 million by 2030.
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Luxury Fabric Market Scope
Luxury Fabric Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India luxury fabric market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury fabric market will help companies and investors design strategic landscapes.
Interior was the largest segment with a revenue share of 64.85% in 2023. Horizon Databook has segmented the India luxury fabric market based on interior, exterior covering the revenue growth of each sub-segment from 2018 to 2030.
According to the 2019 annual Houzz & Home India survey by home decor portal Houzz, around 35% of homeowners renovated their homes, with millennials and Gen Xers representing 78% of this renovation activity. 26% of homeowners planned to continue renovations or begin new renovations. Among these, millennials represented 41%, and Gen Xers represented 35%.
One of the primary drivers for renovation is that it allows staying in the current home or area, prioritizing locality over return on investment. The survey also found that homeowners typically renovated three rooms per project. Nearly 72% of the renovating homeowners also decorated or furnished their homes, among which millennials and baby boomers were most likely to decorate after renovating by purchasing products such as curtains.
Therefore, the growing demand for home renovation products among millennials and baby boomers is projected to drive the demand for luxury fabrics for interiors in India, such as curtains.
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Our clientele includes a mix of luxury fabric market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India luxury fabric market , including forecasts for subscribers. This country databook contains high-level insights into India luxury fabric market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India luxury fabric market size, by type, 2018-2030 (US$M)
India Luxury Fabric Market Outlook Share, 2023 & 2030 (US$M)
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