Indian furniture market
According to the latest report by IMARC Group, titled “India Furniture Market Size: Industry Trends, Share, Growth, Opportunities and Forecast 2022-2027”, the India furniture market is expected to grow at a CAGR of 12.00% in 2022-2027.
Furniture represents movable and ergonomic objects, including chairs, tables, cabinets, sofas, beds, desks, wardrobes, etc. These products are installed in commercial and residential locations for seating arrangements, storage purposes and to enhance the aesthetic value of the space. The furniture is made from durable raw materials, such as wood, glass, iron, plastic, marble, etc., and is available in various colors, sizes, styles, and designs. They offer improved aesthetics, comfort, functionality and storage capabilities for offices, homes and indoor and outdoor spaces. Hence, movable objects find widespread applications in several residential and commercial establishments across India.
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Furniture Market Trends in India:
Growing population and increasing construction of commercial and residential buildings are mainly driving the Indian furniture market. Further, the growth in the travel and tourism industry and increasing demand for lightweight, versatile and portable furniture with maximum storage facilities in hotels and resorts is further increasing the growth of the market. Moreover, the growing need for ergonomic furniture to prevent posture and health problems in adults and children acts as another important growth factor. Additionally, the increasing availability of products through online shopping platforms and the launch of sustainable products designed from recycled materials including reclaimed wood, textiles, wooden pallets, etc. are also positively influencing the growth. of the market. Apart from this, increasing number of collaborations between leading manufacturers and interior designers for innovation of new products and designs to enhance their clientele is expected to propel the Indian furniture market over the forecast period.
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Analysis and segmentation of the Indian furniture market 2022-2027:
The report has segmented the market based on material, distribution channel, and end use.
Breakdown by material:
Breakdown by distribution channel:
Supermarkets and Hypermarkets
Breakdown by end use:
Breakdown by region:
West and Central India
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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