IMARC Group has published a market research 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.
The expanding urbanization as well as the growing number of nuclear families, which has created a higher demand for residential furniture, are the factors responsible for the growth of the India furniture market. Additionally, as more people move to urban areas and set up their homes, the need for diverse furniture styles and functional designs has surged. Besides this, rising disposable incomes and improving living standards have encouraged consumers to invest in premium and aesthetically appealing furniture, which is bolstering the market. The growth of the real estate sector, with new residential and commercial projects, has further fueled the need for various types of furniture, including living room, bedroom, office, and kitchen furniture.
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India Furniture Market Trends and Drivers:
Another significant trend in the India furniture market is the increasing preference for online shopping and customized furniture solutions. The expansion of e-commerce platforms has made it easier for consumers to access a wide range of furniture products from the comfort of their homes, which is stimulating the market. Furthermore, the market is supported by the trend towards customization, and modular furniture is gaining momentum as consumers seek unique pieces that reflect their style and fit specific space requirements. The increasing awareness of sustainability is also shaping the market, with a growing demand for eco-friendly and durable furniture made from sustainable materials. In addition to this, manufacturers are responding to this trend by offering products that combine functionality, aesthetic appeal, and environmental responsibility, catering to the evolving preferences of consumers, which is anticipated to drive the India furniture market over the forecasted period.
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
Report Segmentation:
The report has segmented the market into the following categories:
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
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.
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