India Horsehair Market (2025-2031) Outlook | Share, Size, Value, Trends, Companies, Revenue, Industry, Forecast, Analysis & Growth
Market Forecast By Product (Tail Hair, Manes, Others), By Applications (Upholstery, Brush, Personal use) And Competitive Landscape
| Product Code: ETC382644 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India Horsehair Market Import Shipment Trend (2020-2024)
The India horsehair market import shipments witnessed robust growth with a notable CAGR from 2020 to 2024. However, there was a slight decline in growth rate between 2023 and 2024. Overall, the market exhibited strong expansion momentum, despite a slight slowdown in the last year.
India Horsehair Market Synopsis
The India horsehair market size was estimated at USD 8 million and is projected to expand at a CAGR of 4.9% during the forecast period driven by its numerous end-use applications such as upholstery, arts & crafts, brushes, music strings, etc., along with rising demand for luxury goods globally including furniture items made using horsehair fabric or yarns. In addition, consumer preference towards natural fabrics; eco-friendly & biodegradable materials; high strength & resilience properties offered by horse hair fibers is also anticipated to fuel the sales over the coming years.
Market Drivers of the market
India horsehair market has witnessed steady growth due to the thriving equestrian sports and leisure industry. Horsehair is widely used in the manufacturing of various equestrian products, such as saddles, brushes, and textiles, driving demand. Additionally, the rising disposable income of the India population has encouraged the adoption of horse riding as a recreational activity, contributing to the increasing demand for horsehair products.
Challenges of the Market
The India horsehair market confronts challenges related to the ethical sourcing of horsehair. Animal welfare concerns have led to increased scrutiny over the collection methods, leading to potential supply constraints. Moreover, synthetic alternatives in the market add to the competition, requiring the industry to position itself effectively.
Covid-19 Impact on the Market
The horsehair market faced similar challenges as the equestrian sector slowed down. The closure of industries like furniture and upholstery, which are major consumers of horsehair, led to a decrease in demand. Additionally, the restrictions on transportation disrupted the supply chain, further affecting the market.
Key Players of the Market
The India horsehair market has been influenced by the equestrian industry`s expansion and the demand for horsehair in various applications. Major players operating in this market include Sindhu Enterprises, Aakash Enterprises, Royal Horse Art, and National Horsehair Industries.
Key Highlights of the Report:
- India Horsehair Market Outlook
- Market Size of India Horsehair Market, 2024
- Forecast of India Horsehair Market, 2031
- Historical Data and Forecast of India Horsehair Revenues & Volume for the Period 2021-2031
- India Horsehair Market Trend Evolution
- India Horsehair Market Drivers and Challenges
- India Horsehair Price Trends
- India Horsehair Porter's Five Forces
- India Horsehair Industry Life Cycle
- Historical Data and Forecast of India Horsehair Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of India Horsehair Market Revenues & Volume By Tail Hair for the Period 2021-2031
- Historical Data and Forecast of India Horsehair Market Revenues & Volume By Manes for the Period 2021-2031
- Historical Data and Forecast of India Horsehair Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Horsehair Market Revenues & Volume By Applications for the Period 2021-2031
- Historical Data and Forecast of India Horsehair Market Revenues & Volume By Upholstery for the Period 2021-2031
- Historical Data and Forecast of India Horsehair Market Revenues & Volume By Brush for the Period 2021-2031
- Historical Data and Forecast of India Horsehair Market Revenues & Volume By Personal use for the Period 2021-2031
- India Horsehair Import Export Trade Statistics
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Applications
- India Horsehair Top Companies Market Share
- India Horsehair Competitive Benchmarking By Technical and Operational Parameters
- India Horsehair Company Profiles
- India Horsehair Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the India Horsehair Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Horsehair Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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