India Furniture Market Size, Share, Price, Demand, Report 2022-27

According to the latest report by IMARC Group, titled, “India Furniture Market Size: Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027, The India furniture market is expected to exhibit a CAGR of 12.00% during 2022-2027.

A furniture is an immovable object comprising chairs, tables, beds, cupboards, desks, sofas, dressers, and cabinets that are made of wood, metal, marble, plastics, fabrics, glass, and other materials. It assists in adding aesthetic value to homes and contributes to a healthier lifestyle mentally and physically. Moreover, it helps keep the space organized and increases its functionality. It is also used in educational institutions to create a dynamic learning environment for students and mentors. It also supports surgeons in performing critical surgery on patients and aids in making them feel comfortable during their stay in the hospital. Apart from this, it helps in supporting the ambiance of a workplace, provides a safe and relaxing atmosphere, improves the productivity of workers and ensures efficient operation. At present, it is widely employed across residential and commercial places in India for sleeping, decoration, and storage purposes. 

India Furniture Market Trends:

At present, the burgeoning construction industry, coupled with the rising development of smart city projects, represents one of the primary factors positively influencing the furniture market share in India. In addition, improving standards of living and inflating income levels are catalyzing the demand for premium furniture, which is creating a positive market outlook in the country. This, along with the increasing number of nuclear families, is resulting in the rising need for foldable and compact furniture as it can be easily arranged in smaller spaces. Besides this, the rising number of e-commerce websites selling furniture at affordable rates is offering lucrative growth opportunities to manufacturers. Moreover, the easy availability of furniture across online and offline distribution channels, coupled with secured payment gateways and free doorstep delivery, is strengthening the growth of the market in the country. Increasing investments in marketing strategies, such as celebrity endorsements and social media promotions, are propelling the growth of the market.

Furthermore, key market players are focusing on introducing automated manufacturing systems for reducing the cost of furniture. Additionally, the integration of advanced technologies, such as the internet of things (IoT), 3D printing, and artificial intelligence (AI), for furniture manufacturing is offering a favorable market outlook. In addition, the introduction of new species of wood for manufacturing furniture is fueling the market growth. Furthermore, increasing investments in infrastructural development by the Government of India is resulting in the launch of more product variants with enhanced aesthetics, comfort, functionality, and storage capacities, which is strengthening the market growth in India.  

Request a Free Sample Report:

India Furniture Market 2022-2027 Analysis and Segmentation:

The report has segmented the market on the basis on material, distribution channel and end use.

Breakup by Material:

  • Metal
  • Wood
  • Plastic
  • Glass
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others

Breakup by End Use:

  • Residential
  • Commercial

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure:

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA 
Follow us on Twitter: @imarcglobal

Leave a Reply

Your email address will not be published. Required fields are marked *