India Kids Storage Furniture Market Size & Outlook
Global Market
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India kids storage furniture market highlights
- The India kids storage furniture market generated a revenue of USD 814.1 million in 2023 and is expected to reach USD 3,926.9 million by 2030.
- The India market is expected to grow at a CAGR of 25.2% from 2024 to 2030.
- In terms of segment, bookshelves was the largest revenue generating type in 2023.
- Wardrobes is the most lucrative type segment registering the fastest growth during the forecast period.
Kids storage furniture market data book summary
| Market revenue in 2023 | USD 814.1 million |
| Market revenue in 2030 | USD 3,926.9 million |
| Growth rate | 25.2% (CAGR from 2023 to 2030) |
| Largest segment | Bookshelves |
| Fastest growing segment | Wardrobes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wardrobes, Toy Storage, Bookshelves, Chests, Boxes & Baskets, Hooks & Hangers |
| Key market players worldwide | Williams-Sonoma Inc, Wayfair Inc Class A, Million Dollar Baby, Blu Dot, FirstCry, KidKraft, Crate & Barrel, Casa Kids |
Other key industry trends
- In terms of revenue, India accounted for 6.5% of the global kids storage furniture market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China kids storage furniture 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 3,926.9 million by 2030.
According to data published by Trade Promotion Council of India in May 2023, India is ranked as the 5th largest producer and 4th largest consumer of furniture globally. Indian furniture is gaining popularity globally, driven by factors such as its rich cultural heritage, skilled craftsmanship, affordability, and distinctive aesthetics.
Despite holding a modest 5% share in the global furniture market, recent agreements, including the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and India-Australia Economic Cooperation and Trade Agreement (ECTA), provide autonomous market access for Indian-made furniture, including a potential boost for the kids storage furniture market, tapping into evolving global preferences and trade dynamics.
International furniture companies are expanding their presence in India due to the country's growing consumer base, rich cultural heritage, and increasing demand for diverse and affordable home furnishings. Pottery Barn Kids, a U.S.-based brand of Williams Sonoma Inc., opened its first flagship store in India.
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Kids Storage Furniture Market Scope
Kids Storage Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Williams-Sonoma Inc | View profile | 19,300 | 3250 Van Ness Avenue, San Francisco, CA, United States, 94109 | www.williams-sonomainc.com |
| Wayfair Inc Class A | View profile | 14,400 | 4 Copley Place, Boston, MA, United States, 02116 | www.wayfair.com |
| Blu Dot | View profile | 51-100 | Minneapolis, Minnesota, United States, North America | www.bludot.com |
| FirstCry | View profile | 1001-5000 | Pune, Maharashtra, India, Asia | www.firstcry.com |
| KidKraft | View profile | 251-500 | Dallas, Texas, United States, North America | www.kidkraft.com/ |
| Crate & Barrel | View profile | 10001+ | Naperville, Illinois, United States, North America | crateandbarrel.com |
| Casa Kids | View profile | 1-10 | Brooklyn, New York, United States, North America | casakids.com |
| Million Dollar Baby | View profile | 101-250 | Pico Rivera, California, United States, North America | www.milliondollarbabyco.com |
India Kids Storage Furniture 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 Kids Storage Furniture Market Outlook will help companies and investors design strategic landscapes.
Bookshelves was the largest segment with a revenue share of 32.12% in 2023.
Horizon Databook has segmented the India kids storage furniture market based on wardrobes, toy storage, bookshelves, chests, boxes & baskets, hooks & hangers covering the revenue growth of each sub-segment from 2018 to 2030.
According to data published by Trade Promotion Council of India in May 2023, India is ranked as the 5th largest producer and 4th largest consumer of furniture globally. Indian furniture is gaining popularity globally, driven by factors such as its rich cultural heritage, skilled craftsmanship, affordability, and distinctive aesthetics.
Despite holding a modest 5% share in the global furniture market, recent agreements, including the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and India-Australia Economic Cooperation and Trade Agreement (ECTA), provide autonomous market access for Indian-made furniture, including a potential boost for the kids storage furniture market, tapping into evolving global preferences and trade dynamics.
International furniture companies are expanding their presence in India due to the country's growing consumer base, rich cultural heritage, and increasing demand for diverse and affordable home furnishings. Pottery Barn Kids, a U.S.-based brand of Williams Sonoma Inc., opened its first flagship store in India.
- India Kids Storage Furniture Market Type Outlook (Revenue, USD Million , 2018-2030)
- Wardrobes
- Toy Storage
- Bookshelves
- Chests
- Boxes & Baskets
- Hooks & Hangers
- India Kids Storage Furniture Market Material Outlook (Revenue, USD Million , 2018-2030)
- Wood
- Metal
- Plastic
- India Kids Storage Furniture Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Online
- Offline
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Horizon Databook provides a detailed overview of country-level data and insights on the India Kids Storage Furniture Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Kids Storage Furniture Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Kids Storage Furniture Market, 2018-2030 (US$M)
India kids storage furniture market statistics, by type, 2018-2030 (US$M)
