India Furniture Market Share, Size, Growth and Forecast 2022-2027

NOIDA, India - Sept. 21, 2022 - PRLog -- According to the latest report by IMARC Group, The India furniture market is expected to exhibit a CAGR of 12.00% during 2022-2027.

Furniture represents movable and ergonomic objects, including chairs, tables, cupboards, sofas, beds, desks, cabinets, etc. These products are installed in commercial and residential places for seating arrangements, storage purposes, and to improve the aesthetic value of the space. Furniture items are manufactured using durable raw materials, such as wood, glass, iron, plastics, marble, etc., and are available in various colors, sizes, styles, and designs. They provide enhanced aesthetics, comfort, functionality, and storage capacities for offices, homes, and indoor and outdoor areas. Consequently, furniture objects find widespread applications in several residential and commercial establishments across India.

India Furniture Market Trends:

The expanding population and the rising construction of commercial and residential buildings are primarily driving the India furniture market. Besides this, the growing travel and tourism sector and the elevating demand for lightweight, versatile, and portable furniture with maximum storage facilities in hotels and resorts are further augmenting the market growth. Additionally, the inflating need for ergonomically designed furniture to prevent posture and health problems among adults and children is acting as another significant growth-inducing factor.

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Moreover, the increasing product availability through online shopping platforms and the launch of sustainable products designed using recycled materials, including salvaged wood, textiles, wood pallets, etc., are also positively influencing the market growth. Apart from this, the escalating number of collaborations between leading manufacturers with interior designers for innovating new products and designs to improve their customer base is anticipated to propel the India furniture market over the forecasted period.

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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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.

Kanika Sharma
Tags:India Furniture Market
Location:Noida - Uttar Pradesh - India
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