IMARC Group, a leading market research company, has recently releases 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 share 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 India furniture market is expanding rapidly, owing to the fast urbanization of the country, and rising disposable incomes among the middle class. Besides this, the demand for contemporary and multipurpose furniture is growing as urban homes often have limited space. Additionally, the burgeoning real estate sector and the trend toward nuclear families are contributing to the need for innovative furniture solutions that maximize space and utility. In line with these factors, government initiatives promoting affordable housing are also positively impacting the India furniture market as individuals furnish new homes. Furthermore, the increasing penetration of e-commerce platforms is making a wide variety of furniture accessible to consumers across the country, enhancing market growth.
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India Furniture Market Trends:
Technological advancements and sustainability trends are significantly shaping the India furniture market. Moreover, the adoption of smart furniture, which integrates technology for added convenience, is becoming highly prevalent. Meanwhile, consumers are also showing a growing preference for eco-friendly and sustainable furniture options, driven by increasing environmental awareness. This encourages manufacturers to use sustainable materials and practices.
In addition, customization and personalization in furniture design are gaining popularity, catering to the specific tastes and requirements of consumers. Consequently, the integration of virtual reality (VR) and augmented reality (AR) in the shopping experience is enhancing customer engagement by allowing them to visualize furniture in their spaces before purchase. Apart from this, the convergence of these factors is anticipated to propel the growth of the India furniture market in the coming years.
| Report Attribute | Key Statistics |
|---|---|
| Base Year | 2023 |
| Forecast Years | 2024-2032 |
| Historical Years | 2018-2023 |
| Market Size in 2023 | US$ 23.9 Billion |
| Market Forecast in 2032 | US$ 54.3 Billion |
| Market Growth Rate 2024-2032 | 9.3% |
India Furniture Market Segmentation:
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
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
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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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.
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