Here are 6 mega trends that will shape the home furniture industry
Updated On: 05 February, 2024 07:48 AM IST | New Delhi | IANS
The home furniture industry is undergoing dynamic changes influenced by shifting consumer preferences and priorities
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Image for representational purpose only. Photo Courtesy: istock
The home furniture industry is undergoing major changes as new trends emerge and transform consumer demands and preferences. From adaptable multipurpose furniture to customised luxury pieces, today`s offerings cater to diverse lifestyles and values.
As per a report by H&H+ Conclave 2023 – CSIL Milano Creaticity research initiative around #FutureOfHomes, understanding these developments is key for furniture brands aiming to succeed in this evolving landscape.
Adaptive living fuels demand for multifunctional pieces
The pandemic spurred changes in home and work setups, making the home the focal point for various needs. This increased the demand for versatile furniture that adapts to changing requirements. Brands are introducing innovative products like murphy beds, storage beds, foldable workstations, and convertible coffee tables to cater to compact urban homes and the growing tiny home movement. These space-saving pieces facilitate the creation of multipurpose rooms that can switch functionality. The rise in remote work has intensified this trend, with consumers seeking flexible furniture that meets ergonomic needs for extended desk sessions and incorporates storage solutions. Furniture must now align with the dynamism of contemporary living.
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