India Furniture Market Report 2022: Size, Share, Analysis, Industry Trends and Forecast 2027

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

Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

Download free sample of the report: https://www.imarcgroup.com/india-furniture-market/requestsample

India Furniture Market Industry Definition and Application:

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.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Furniture Market Trends and Drivers:

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.

Browse full report with TOC: https://www.imarcgroup.com/india-furniture-market

India Furniture Market Segmentation:

The report has segmented the market on the basis on region, material, distribution channel, 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

Related Report by IMARC Group:

United States Home Office Furniture Market Report: https://www.imarcgroup.com/united-states-home-office-furniture-market

Pet Furniture Market Report: https://www.imarcgroup.com/pet-furniture-market

India Textile Recycling Market Report: https://www.imarcgroup.com/india-textile-recycling-market

India Cigarette Lighter Market Report: https://www.imarcgroup.com/india-cigarette-lighter-market

Europe Diaper Market Report: https://www.imarcgroup.com/europe-diaper-market

Latin America Diaper Market Report: https://www.imarcgroup.com/latin-america-diaper-market

India School Stationery Supplies Market Report: https://www.imarcgroup.com/india-school-stationery-supplies-market

Baby Nail Trimmer Market Report: https://www.imarcgroup.com/baby-nail-trimmer-market

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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.

This release was published on openPR.