India Furniture Market Size to Reach US$ 54.3 Billion by 2032 | Growing at a CAGR of 9.3%

IMARC Group's report titled "𝐈𝐧𝐝𝐢𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 (𝐌𝐞𝐭𝐚𝐥, 𝐖𝐨𝐨𝐝, 𝐏𝐥𝐚𝐬𝐭𝐢𝐜, 𝐆𝐥𝐚𝐬𝐬, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 (𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐧𝐝 𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬, 𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐭𝐲 𝐒𝐭𝐨𝐫𝐞𝐬, 𝐎𝐧𝐥𝐢𝐧𝐞 𝐒𝐭𝐨𝐫𝐞𝐬, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐄𝐧𝐝 𝐔𝐬𝐞 (𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥, 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐". The India furniture market size reached US$ 23.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 54.3 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032. 

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/india-furniture-market/requestsample

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝐑𝐚𝐩𝐢𝐝 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐢𝐬𝐩𝐨𝐬𝐚𝐛𝐥𝐞 𝐈𝐧𝐜𝐨𝐦𝐞:

The increasing number of people migrating from rural areas to urban centers in search of better opportunities is catalyzing the demand for housing and, consequently, furniture. Moreover, the rising disposable income of the urban population enables them to invest in quality and aesthetically pleasing furniture, bolstering the market growth. In addition, the growing trend of modular and space-saving furniture is offering a favorable market outlook. People are looking for furniture that can be easily customized to fit their available space while maximizing utility. This is driving the demand for multi-functional furniture pieces such as sofa-cum-beds, folding tables, and wall-mounted shelves.

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐄𝐜𝐨-𝐟𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬:

The increasing environmental awareness among the masses is driving the demand for sustainable and eco-friendly furniture materials. Along with this, the rising inclination of individuals towards furniture made from recycled or renewable materials is strengthening the growth of the market. In line with this, several furniture manufacturers are incorporating sustainability into their product offerings. They are also focusing on reducing waste through efficient manufacturing processes and recycling or repurposing materials to promote environmental health. Furthermore, many furniture companies are obtaining certifications such as FSC (Forest Stewardship Council) or GREENGUARD to validate the sustainability and low emissions of their products.

𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐏𝐞𝐧𝐞𝐭𝐫𝐚𝐭𝐢𝐨𝐧:

The growth of e-commerce and the rising reliance of individuals in India on online shopping channels are influencing the market positively. Online platforms are making it convenient for consumers to browse, compare, and purchase furniture from the comfort of their homes. This is expanding the customer base and facilitating the entry of new and innovative furniture brands and designs into the market. Apart from this, various independent designers and brands are experimenting with creative and unique designs, often catering to niche markets and specific consumer preferences. This influx of fresh ideas and designs is making the furniture market more dynamic and exciting.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Cello World Private Limited
Damro Furnitures Pvt. Ltd.
Durian Industries Ltd.
Godrej & Boyce Manufacturing Company Limited
IKEA India (Inter IKEA Holding B.V.)
Nilkamal Limited
Supreme Industries Ltd.
Usha Shriram Enterprises Pvt. Ltd.
Wakefit Innovations Pvt. Ltd
Wipro Consumer Care and Lighting Group (Wipro Enterprises Private Limited)
Zuari Furniture

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.imarcgroup.com/india-furniture-market

𝐈𝐧𝐝𝐢𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥:

Metal
Wood
Plastic
Glass
Others

Wood dominates the market as it can withstand daily wear and tear and retains its structural integrity over time. 

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others

Specialty stores hold the largest market share as they allow individuals to curate a vast assortment of styles, designs, and materials.

𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞:

Residential
Commercial

Residential represents the largest market segment due to rapid urbanization and the increasing middle-class population.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

North India
West and Central India
South India
East India

North India's dominance in the India furniture market is attributed to the expanding population and the increasing income levels of individuals.

𝐈𝐧𝐝𝐢𝐚 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Indian people are becoming more design-conscious and are increasingly seeking furniture that not only serves a functional purpose but also complements their lifestyle and aesthetics. This shift in consumer preferences has driven the demand for contemporary and customized furniture, opening up opportunities for manufacturers and retailers to cater to diverse tastes.

The widespread adoption of technology in the furniture industry is allowing people to virtually place furniture in their homes before making a purchase. This enhances the shopping experience and reduces the likelihood of post-purchase dissatisfaction.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐁𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩

https://www.linkedin.com/pulse/global-market-share-analysis-supply-chain-management-software-yxzic/
https://www.linkedin.com/pulse/global-aquaculture-market-2024-2032-size-industry-growth-kargeti-mfedc/
https://www.linkedin.com/pulse/luxury-footwear-market-key-players-strategies-success-aadhya-kargeti-qncsc/
https://www.linkedin.com/pulse/top-generative-ai-companies-world-2032-aadhya-kargeti-2ejoc/
https://www.linkedin.com/pulse/top-luxury-fashion-brands-worldwide-2024-2032-aadhya-kargeti-04ooc/
https://www.linkedin.com/pulse/corrugated-boxes-market-size-hit-us-2479-billion-2032-aadhya-kargeti-qdkyc/
https://www.linkedin.com/pulse/3d-printing-plastics-market-size-hit-cagr-204-2032-aadhya-kargeti-whmtc/
https://www.linkedin.com/pulse/telemedicine-market-navigating-growth-strategies-trends-kargeti-tq3yc/

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

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

IMARC Group

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This release was published on openPR.