India Furniture Market

India Furniture Market Share, Size, Growth, Analysis, Forecast: By Material: Metal, Wood, Plastic, Others; By Sector: Organised, Unorganised; By End Use: Residential, Commercial, Hospitality, Others; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

India Furniture Market Outlook

The India furniture market stood at a value of around USD 23.12 billion in 2022. The market is further expected to grow at a CAGR of 10.9% in the forecast period of 2023-2028.

 

Heightened Demand for Wood Furniture to Augment the India Furniture Industry

Based on raw material, the wood segment is predicted to hold a significant market share in the furniture industry. This growth can be attributed to the increased demand for wood furniture among consumers, owing to its natural and aesthetic visual appeal. In addition, the ease of maintenance and durability offered by this material is also expected to add to its popularity.

 

India Furniture Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Moreover, the availability of faux wood furniture, which can be made using plastic or metal, that offers the look of natural wood but is relatively cheaper and easy to assemble, is also witnessing an increased demand among consumers. These factors are expected to contribute to the overall market growth in the forecast period.

 

Improving Living Standards in India to Bolster the India Furniture Industry Growth

The India furniture industry is predicted to witness a healthy growth in the forecast period. This growth can be attributed to the heightened demand for home furniture, fuelled by the increasing population and rapid urbanisation in the region. This is leading to rising investments in infrastructure renovation activities, with consumers increasingly adopting aesthetic furniture solutions. In addition, the growing disposable incomes and improved living standards are also driving consumers to invest in household décor enhancement solutions. These factors are projected to aid the market growth in the forecast period.

 

Furniture: Market Segmentation

Furniture refers to movable objects that are manufactured to aid various human activities, such as for sleeping and seating. A variety of furniture like beds, chairs, and sofas are available in the market. In addition, they also offer the potential for customisability. Moreover, furniture can also have a visual décor enhancement function instead of a practical function.

 

India Furniture Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

By raw material, the market is divided into:

  • Metal
  • Wood
  • Plastic
  • Others

 

On the basis of sector, the market is bifurcated into:

  • Organised
  • Unorganised

 

Based on end-use, the market is segregated into:

  • Residentials
  • Commercial
  • Hospitality
  • Others

 

On the basis of distribution channel, the market is categorised into:

  • Supermarkets and Hypermarkets
  • Speciality Stores
  • Online
  • Others

 

The regional markets for furniture in India include North India, West and Central India, East India, and South India.

 

Rapid Urbanisation and the Increased Demand for Multifunctional Furniture to Spearhead the India Furniture Industry

The India furniture industry is anticipated to be aided by the growing urbanisation across the country. The rapidly expanding population and the rising middle-class in the region are driving the demand for residential and commercial infrastructure development. In addition, the rising disposable incomes and improved living standards are also driving the demand for innovative and unique home décor solutions. Additionally, the growing trend of work-from-home is leading to a rise in demand for multifunctional furniture to help with the home-office set up. In this regard, there is an increased availability of innovative furniture ideas to help save space and offer an upscale look. Furthermore, the increased availability of a wide range of furniture across online platforms is also enhancing their sales. These factors are projected to bolster the market growth in the forecast period.

 

India Furniture Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Key Industry Players in the India Furniture Market

The report gives a detailed analysis of the following key players in the India furniture market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Godrej & Boyce Manufacturing Company Limited
  • Inter IKEA Systems B.V.
  • Wakefit Innovations Pvt. Ltd
  • Nilkamal Limited
  • Cello World private Limited
  • Zuari Furniture
  • Durian Industries Limited
  • Usha Shriram Enterprises Pvt. Ltd.
  • Damro Furnitures Pvt. Ltd.
  • Supreme Industries Ltd.
  • Wipro Furniture Private Limited
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Material
  • Sector
  • End-Use
  • Distribution Channel
  • Region
Breakup by Material
  • Metal
  • Wood
  • Plastic
  • Others
Breakup by Sector
  • Organised
  • Unorganised
Breakup by End-Use
  • Residential
  • Commercial
  • Hospitality
  • Others
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Speciality Stores
  • Online
  • Others
Breakup by Region
  • North India
  • West and Central India
  • East India
  • South India
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Godrej & Boyce Manufacturing Company Limited
  • Inter IKEA Systems B.V.
  • Wakefit Innovations Pvt. Ltd
  • Nilkamal Limited
  • Cello World private Limited
  • Zuari Furniture
  • Durian Industries Limited
  • Usha Shriram Enterprises Pvt. Ltd.
  • Damro Furnitures Pvt. Ltd.
  • Supreme Industries Ltd.
  • Wipro Furniture Private Limited
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Furniture Market Overview

    8.1    Key Industry Highlights
    8.2    Global Furniture Historical Market (2018-2022) 
    8.3    Global Furniture Market Forecast (2023-2028)
    8.4    Global Furniture Market Share by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    India Furniture Market Overview
    9.1    Key Industry Highlights
    9.2    India Furniture Historical Market (2018-2022) 
    9.3    India Furniture Market Forecast (2023-2028)
10    India Furniture Market by Material
    10.1    Metal
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Wood
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    Plastic
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Others
11    India Furniture Market by Sector
    11.1    Organised 
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Unorganised
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
12    India Furniture Market by End-Use
    12.1    Residential
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Commercial
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Hospitality
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    India Furniture Market by Distribution Channel
    13.1    Supermarkets and Hypermarkets 
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    Speciality Stores
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Online 
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    Others
14    India Furniture Market by Region
    14.1    North India
        14.1.1    Historical Trend (2018-2022)
        14.1.2    Forecast Trend (2023-2028)
    14.2    West and Central India
        14.2.1    Historical Trend (2018-2022)
        14.2.2    Forecast Trend (2023-2028)
    14.3    East India
        14.3.1    Historical Trend (2018-2022)
        14.3.2    Forecast Trend (2023-2028)
    14.4    South India
        14.4.1    Historical Trend (2018-2022)
        14.4.2    Forecast Trend (2023-2028)
15    Market Dynamics
    15.1    SWOT Analysis
        15.1.1    Strengths
        15.1.2    Weaknesses
        15.1.3    Opportunities
        15.1.4    Threats
    15.2    Porter’s Five Forces Analysis
        15.2.1    Supplier’s Power
        15.2.2    Buyer’s Power
        15.2.3    Threat of New Entrants
        15.2.4    Degree of Rivalry
        15.2.5    Threat of Substitutes
    15.3    Key Indicators for Demand
    15.4    Key Indicators for Price
16    Value Chain Analysis
17    Trade Data Analysis (HS Code - 9403)

    17.1    Major Importing Countries
        17.1.1    By Volume
        17.1.2    By Value
    17.2    Major Exporting Countries
        17.2.1    By Volume
        17.2.2    By Value
18    Price Analysis
19    Competitive Landscape

    19.1    Market Structure
    19.2    Company Profiles
        19.2.1    Godrej & Boyce Manufacturing Company Limited
            19.2.1.1    Company Overview
            19.2.1.2    Product Portfolio
            19.2.1.3    Demographic Reach and Achievements
            19.2.1.4    Certifications
        19.2.2    Inter IKEA Systems B.V.
            19.2.2.1    Company Overview
            19.2.2.2    Product Portfolio
            19.2.2.3    Demographic Reach and Achievements
            19.2.2.4    Certifications
        19.2.3    Wakefit Innovations Pvt. Ltd
            19.2.3.1    Company Overview
            19.2.3.2    Product Portfolio
            19.2.3.3    Demographic Reach and Achievements
            19.2.3.4    Certifications
        19.2.4    Nilkamal Limited
            19.2.4.1    Company Overview
            19.2.4.2    Product Portfolio
            19.2.4.3    Demographic Reach and Achievements
            19.2.4.4    Certifications
        19.2.5    Cello World private Limited
            19.2.5.1    Company Overview
            19.2.5.2    Product Portfolio
            19.2.5.3    Demographic Reach and Achievements
            19.2.5.4    Certifications
        19.2.6    Zuari Furniture
            19.2.6.1    Company Overview
            19.2.6.2    Product Portfolio
            19.2.6.3    Demographic Reach and Achievements
            19.2.6.4    Certifications
        19.2.7    Durian Industries Limited
            19.2.7.1    Company Overview
            19.2.7.2    Product Portfolio
            19.2.7.3    Demographic Reach and Achievements
            19.2.7.4    Certifications
        19.2.8    Usha Shriram Enterprises Pvt. Ltd.
            19.2.8.1    Company Overview
            19.2.8.2    Product Portfolio
            19.2.8.3    Demographic Reach and Achievements
            19.2.8.4    Certifications
        19.2.9    Damro Furnitures Pvt. Ltd.
            19.2.9.1    Company Overview
            19.2.9.2    Product Portfolio
            19.2.9.3    Demographic Reach and Achievements
            19.2.9.4    Certifications
        19.2.10    Supreme Industries Ltd.
            19.2.10.1    Company Overview
            19.2.10.2    Product Portfolio
            19.2.10.3    Demographic Reach and Achievements
            19.2.10.4    Certifications
        19.2.11    Wipro Furniture Private Limited
            19.2.11.1    Company Overview
            19.2.11.2    Product Portfolio
            19.2.11.3    Demographic Reach and Achievements
            19.2.11.4    Certifications
        19.2.12    Others
20    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Furniture Market: Key Industry Highlights, 2018 and 2028
2.    India Furniture Market: Key Industry Highlights, 2018 and 2028
3.    India Furniture Historical Market: Breakup by Material (USD Million), 2018-2022
4.    India Furniture Market Forecast: Breakup by Material (USD Million), 2023-2028
5.    India Furniture Historical Market: Breakup by Sector (USD Million), 2018-2022
6.    India Furniture Market Forecast: Breakup by Sector (USD Million), 2023-2028
7.    India Furniture Historical Market: Breakup by End-Use (USD Million), 2018-2022
8.    India Furniture Market Forecast: Breakup by End-Use (USD Million), 2023-2028
9.    India Furniture Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
10.    India Furniture Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
11.    India Furniture Historical Market: Breakup by Region (USD Million), 2018-2022
12.    India Furniture Market Forecast: Breakup by Region (USD Million), 2023-2028
13.    Major Importing Countries by Volume
14.    Major Exporting Countries by Volume
15.    Major Importing Countries by Value
16.    Major Exporting Countries by Value
17.    India Furniture Market Structure

Key Questions Answered in the Report

In 2022, the India furniture market attained a value of USD 23.12 billion.

The market is projected to grow at a CAGR of 10.9% between 2023 and 2028.

The major drivers of the market, such as the increased investments in the infrastructure development activities, rising population, increased demand for home-office set up essentials, rising disposable incomes, and improved living standards of consumers, are expected to aid the market growth.

The key market trends guiding the growth of the market include the rapid urbanisation and the increased demand for multifunctional furniture.

The major regions in the market are North India, West and Central India, East India, and South India.

The significant materials include metal, wood, and plastic, among others.

The major sectors include organised and unorganised.

The different end uses include residential, commercial, and hospitality, among others.

The major distribution channels include supermarkets and hypermarkets, speciality stores, and online, among others.

The major players in the market are Godrej & Boyce Manufacturing Company Limited, Inter IKEA Systems B.V., Wakefit Innovations Pvt. Ltd, Nilkamal Limited, Cello World private Limited, Zuari Furniture, Durian Industries Limited, Usha Shriram Enterprises Pvt. Ltd., Damro Furnitures Pvt. Ltd., Supreme Industries Ltd., and Wipro Furniture Private Limited, among others.

Analyst Review

The India furniture market attained a value of USD 23.12 billion in 2022, driven by the increased investments in household décor enhancement by consumers. Aided by the rapid urbanisation, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 10.9%.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By material, the market can be distributed into metal, wood, and plastic, among others. On the basis of sector, the market can be segmented into organised and unorganised. Based on end-use, the market can be segregated into residential, commercial, and hospitality, among others. The market can be categorised based on distribution channel into supermarkets and hypermarkets, speciality stores, and online, among others. The major regional markets for furniture are North India, West and Central India, East India, and South India. The key players in the above market include Godrej & Boyce Manufacturing Company Limited, Inter IKEA Systems B.V., Wakefit Innovations Pvt. Ltd, Nilkamal Limited, Cello World private Limited, Zuari Furniture, Durian Industries Limited, Usha Shriram Enterprises Pvt. Ltd., Damro Furnitures Pvt. Ltd., Supreme Industries Ltd., and Wipro Furniture Private Limited, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1799
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4199     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER