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India Furniture Market, By Supply (Domestic Vs. Imported), By Organized Vs. Unorganized Market, By Type, By Product Type, By Point of Sale, By Raw Material, By Region, By Leading City, Competition, Forecast & Opportunities, FY2027

  • ID: 4769687
  • Report
  • January 2022
  • Region: India
  • 139 Pages
  • TechSci Research
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The Indian Furniture Market Stood at USD 23.33 Billion in Fy2021 and is Growing at a CAGR of 6.04% During the Forecast Period to Reach the Value of USD 32.75 Billion by Fy2027.

FEATURED COMPANIES

  • Durian Industries Limited
  • Haworth India Pvt Ltd
  • Nilkamal Limited
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The Indian Furniture Market stood at USD23.33 billion in FY2021 and is growing at a CAGR of 6.04% during the forecast period to reach the value of USD32.75 billion by FY2027. Furniture manufacturing has drastically shifted from manual to semi-automatic and automatic manufacturing modes to design aesthetically superior furniture to be used in residential and commercial spaces. Changing consumer preference and adopting wood alternatives to lower the deforestation rate and improve the life of the furniture is expected to boost the growth of the Indian Furniture Market. The development of e-commerce channels showcasing a large number of options to buy furniture either for personal, professional, or commercial use, along with the facility of quick and free delivery, has expanded the reach of the Indian Furniture Market to a wider audience. Market players are providing a 3D view of the furniture and using animation and other advanced technologies to give the customers an idea of how the furniture will look in room settings, attracting a lot of potential customers to decide the right furniture according to their needs. Improvement of economic conditions of the country and the growing disposable income of the middle-class families is enabling them to afford furniture to experience enhanced convenience and comfort. The government is promoting the growth of the hospitality and tourism industry to boost the country's economy and provide better services to tourists. Hotels and restaurants purchase comfortable, aesthetically superior furniture. The rise in the number of hotels, restaurants, and tourist spots is expected to accelerate the growth of the Indian Furniture Market in the next five years.





The Indian Furniture Market can be segmented based on supply, organized vs unorganized, type and product type, company, and region. The home furniture segment is expected to hold the largest market share in the forecast period owing to the growing expenditure capacity and the increasing preference of consumers to design their homes with improved appearance. Increasing urbanization and growing demand for eco-friendly furniture products are expected to create attractive growth opportunities for the growth of the home furniture segment.

Godrej and Boyce Manufacturing Company Limited, Nilkamal Limited, Featherlite Office Systems Pvt. Ltd., IKEA India Private Limited, Durian Industries Limited, Forte Furniture Products India Private Limited, Haworth India Pvt Ltd, Usha Shriram Enterprises Pvt. Ltd., Damro Furniture Private Limited, Dynasty Modular Furniture Pvt. Ltd., are among the major market players in the Indian Furniture Market.

Years considered for this report:

  • Historical Years: FY2017-FY2020
  • Base Year: FY2021
  • Estimated Year: FY2022
  • Forecast Period: FY2023-FY2027

Objective of the Study:

  • To analyze the historical growth in the market size of the Indian Furniture Market from FY2017 to FY2021.
  • To estimate and forecast the market size of the Indian Furniture Market from FY2022 to FY2027 and growth rate until FY2027.
  • To classify and forecast the Indian Furniture Market based on supply, organized vs unorganized, type and product type, company, and region.
  • To identify the dominant region or segment in the Indian Furniture Market.
  • To identify drivers and challenges for the Indian Furniture Market.
  • To identify and analyze the profile of leading players operating in the Indian Furniture Market.
  • To identify key sustainable strategies adopted by the market players in the Indian Furniture Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across India. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher was able to include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the vendors and presence of all major players across India.

The publisher calculated the market size of the Indian Furniture Market by using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

  • Furniture manufacturers/distributors
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to furniture

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:


In this report, the Indian Furniture Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Furniture Market, By Supply:

  • Domestic
  • Imported

India Furniture Market, By Organized Vs. Unorganized:

  • Unorganized
  • Organized

India Furniture Market, By Type:

  • Home Furniture
  • Office Furniture
  • Institutional Furniture

India Furniture Market, By Product Type:

  • Bed
  • Sofa
  • Wardrobe
  • Dining Set
  • Others

India Furniture Market, By Point of Sale:

  • Offline
  • Online

India Furniture Market, By Raw Material:

  • Wood
  • Metal
  • Plastic

India Furniture Market, By Region:

  • North
  • South
  • West
  • East

India Furniture Market, By Leading City:

  • Delhi NCR
  • Mumbai
  • Bengaluru
  • Hyderabad
  • Kolkata
  • Chennai
  • Rest of India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Indian Furniture Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.

Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.

Frequently Asked Questions about the Indian Furniture Market

What is the estimated value of the Indian Furniture Market?

The Indian Furniture Market was estimated to be valued at $20.0 Billion in 2017.

What is the growth rate of the Indian Furniture Market?

The growth rate of the Indian Furniture Market is 5.0%, with an estimated value of $32.8 Billion by 2027.

What is the forecasted size of the Indian Furniture Market?

The Indian Furniture Market is estimated to be worth $32.8 Billion by 2027.

Who are the key companies in the Indian Furniture Market?

Key companies in the Indian Furniture Market include Godrej and Boyce Manufacturing Company Limited, Nilkamal Limited, Featherlite Office Systems Pvt. Ltd., IKEA India Private Limited, Durian Industries Limited, Forte Furniture Products India Private Limited, Haworth India Pvt Ltd, Usha Shriram Enterprises Pvt. Ltd. and Dynasty Modular Furniture Pvt. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Durian Industries Limited
  • Haworth India Pvt Ltd
  • Nilkamal Limited

1. Product Overview2. Research Methodology3. Executive Summary
4. India Woodwork Industry Outlook
4.1. Key Participants in Supply Chain
4.2. Key Raw Materials Supply Centers
4.2.1. Key Production Hubs
4.2.2. Key Raw Material Centers
4.3. Key Organized Players
4.4. Mechanization in Woodworking Industry
4.4.1. Role and Importance of Mechanization in Production Process
4.4.2. Mechanization Practices Used in Production Process
4.4.3. Current Adoption Level of Mechanization and Forecast
4.4.4. Emerging Trends
4.4.4.1. Shift from Manual/Semi-Automatic to Fully Automatic Machines
4.4.4.2. Use of Mechanization from Solid Wood to Wood-based Panel and Other Inputs
4.4.4.3. Other Trends
5. Global Furniture Market Outlook
6. India Furniture Market Demand & Supply Outlook
6.1. Production
6.2. Inventory
6.3. Demand & Supply Gap
6.4. Imports
6.4.1. By Key Import Countries
6.5. Exports
6.5.1. By Key Export Countries
6.6. Key Manufacturing Hubs
7. India Furniture Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Supply (Domestic vs Imported)
7.2.2. By Organized Vs. Unorganized Market
7.2.3. By Type (Home Furniture, Office Furniture & Institutional Furniture)
7.2.4. By Product Type (Bed, Sofa, Wardrobe, Dining Set & Others)
7.2.4.1. India Bed Market Outlook
7.2.4.1.1. By Non-Storage Vs. Storage
7.2.4.1.2. By Size (Queen Size, King Size, Single Bed & Others)
7.2.4.1.3. By Point of Sale
7.2.4.1.4. By Region
7.2.4.1.5. Product Benchmarking
7.2.4.2. India Sofa Market Outlook
7.2.4.2.1. By Number of Seats ((3 to 5, 2 and Below & 6 and Above)
7.2.4.2.2. By Fabric Type (Linen, Leather, Wool & Others)
7.2.4.2.3. By Layout Type (Straight, L Shaped (Segmental), Curved & Others)
7.2.4.2.4. By Point of Sale
7.2.4.2.5. By Region
7.2.4.2.6. Product Benchmarking
7.2.4.3. India Wardrobe Market Outlook
7.2.4.3.1. By Size (Double Door, Single Door, Triple Door & Multiple Door)
7.2.4.3.2. By Point of Sale
7.2.4.3.3. By Region
7.2.4.3.4. Product Benchmarking
7.2.4.4. India Dining Set Market Outlook
7.2.4.4.1. By Seating Capacity (4 to 8, Above 9 & Below 3)
7.2.4.4.2. By Non-Expandable Vs. Expandable
7.2.4.4.3. By Table Top Type (Wood Top, Glass Top, Marble or Stone Top & Others)
7.2.5. By Point of Sale (Offline Vs. Online)
7.2.6. By Raw Material Type (Wood, Metal & Plastic)
7.2.7. By Region (North, South, West & East)
7.2.8. By Leading City
7.2.9. By Company (FY2021)
8. India Home Furniture Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Raw Material (Wood, Metal & Plastic)
8.2.2. By Point of Sale
8.2.3. By Room Type (Living Room, Bed Room, Kitchen, Dining Room & Others)
8.2.4. By Leading City
8.2.5. By Region
8.2.5.1. North India Home Furniture Market
8.2.5.1.1. By Room Type
8.2.5.2. South India Home Furniture Market
8.2.5.2.1. By Room Type
8.2.5.3. West India Home Furniture Market
8.2.5.3.1. By Room Type
8.2.5.4. East India Home Furniture Market
8.2.5.4.1. By Room Type
8.3. Pricing Analysis
8.4. Region Wise Cultural Influence on Living Room and Bed Room
8.5. SWOT Analysis - Home Furniture
9. India Office Furniture Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Raw Material (Wood, Metal & Plastic)
9.3. Pricing Analysis
10. India Institutional Furniture Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Raw Material (Wood, Metal & Plastic)
10.3. Pricing Analysis
11. India Kids Furniture Market Analysis12. India Recliners Market Analysis
13. Supply Chain Analysis
13.1. Key Participants in the Value Chain
13.2. Margin Analysis at Each Participant Level
14. SWOT Analysis15. Impact of COVID-19 on India Furniture Market
16. Market Dynamics
16.1. Drivers
16.2. Challenges
17. Market Trends and Developments18. Policy and Regulatory Landscape19. India Economic Profile
20. Competitive Landscape
20.1. Competition Matrix
20.2. Company Profiles
20.2.1. Godrej and Boyce Manufacturing Company Limited
20.2.2. Nilkamal Limited
20.2.3. Featherlite Office Systems Pvt. Ltd.
20.2.4. IKEA India Private Limited
20.2.5. Durian Industries Limited
20.2.6. Forte Furniture Products India Private Limited
20.2.7. Haworth India Pvt Ltd
20.2.8. Usha Shriram Enterprises Pvt. Ltd.
20.2.9. Damro Furniture Private Limited
20.2.10. Dynasty Modular Furniture Pvt. Ltd.
20.2.11. Lifestyle International Private Limited
21. Strategic Recommendations22. About the Publisher & Disclaimer

List of Figures

Figure 1: India Key Production Hubs for Woodwork Industry
Figure 2: India Key Raw Material Supply Centers for Woodwork Industry
Figure 3: India Furniture Imports, By Value, FY2017-FY2021 (USD Billion)
Figure 4: Key Importing Countries for India Furniture Market, By Value, FY2021
Figure 5: India Furniture Exports, By Value, FY2017-FY2021 (USD Billion)
Figure 6: Key Exporting Countries for India Furniture Market, By Value, FY2021
Figure 7: Key Manufacturing Hubs for Furniture Industry
Figure 8: India Furniture Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 9: India Gross National Income Per Capita (USD), 2016-2020
Figure 10: India Furniture Market Share, By Supply, By Value, FY2017-FY2021
Figure 11: India Furniture Market Share, By Unorganized Vs Organized, By Value, FY2017-FY2027F
Figure 12: India Furniture Market Share, By Type, By Value, FY2017-FY2027F
Figure 13: India Furniture Market Share, By Product Type, By Value, FY2017-FY2027F
Figure 14: India Bed Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 15: India Bed Market Share, By Storage Vs Non-Storage, By Value, FY2017-FY2027F
Figure 16: India Bed Market Share, By Size, By Value, FY2017-FY2027F
Figure 17: India Bed Market Share, By Point of Sale, By Value, FY2017-FY2027F
Figure 18: India Bed Market Share, By Region, By Value, FY2017-FY2027F
Figure 19: India Sofa Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 20: India Sofa Market Share, By Number of Seats, By Value, FY2017-FY2027F
Figure 21: India Sofa Market Share, By Fabric Type, By Value, FY2017-FY2027F
Figure 22: India Sofa Market Share, By Layout Type, By Value, FY2017-FY2027F
Figure 23: India Sofa Market Share, By Point of Sale, By Value, FY2017-FY2027F
Figure 24: India Sofa Market Share, By Region, By Value, FY2017-FY2027F
Figure 25: India Wardrobe Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 26: India Wardrobe Market Share, By Size, By Value, FY2017-FY2027F
Figure 27: India Wardrobe Market Share, By Point of Sale, By Value, FY2017-FY2027F
Figure 28: India Wardrobe Market Share, By Region, By Value, FY2017-FY2027F
Figure 29: India Dining Set Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 30: India Dining Set Market Share, By Seating Capacity, By Value, FY2017-FY2027F
Figure 31: India Dining Set Market Share, By Non-Expandable Vs. Expandable, By Value, FY2017-FY2027F
Figure 32: India Dining Set Market Share, By Table Top Type, By Value, FY2017-FY2027F
Figure 33: India Dining Set Market Share, By Point of Sale, By Value, FY2017-FY2027F
Figure 34: India Dining Set Market Share, By Region, By Value, FY2017-FY2027F
Figure 35: India Furniture Market Share, By Point of Sale, By Value, FY2017-FY2027F
Figure 36: India Furniture Market Share, By Raw Material, By Value, FY2017-FY2027F
Figure 37: India Furniture Market Share, By Region, By Value, FY2017-FY2027F
Figure 38: India Furniture Market Share, By Leading City, By Value, FY2021
Figure 39: India Furniture Market Share, By Company, By Value, FY2021
Figure 40: India Home Furniture Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 41: India Gross Domestic Product (USD Million), 2016-2020
Figure 42: India Home Furniture Market Share, By Raw Material, By Value, FY2017-FY2021
Figure 43: India Home Furniture Market Share, By Point of Sale, By Value, FY2017-FY2021
Figure 44: India Home Furniture Market Share, By Room Type, By Value, FY2017-FY2027F
Figure 45: India Home Furniture Market Share, By Leading City, By Value, FY2021
Figure 46: India Home Furniture Market Share, By Region, By Value, FY2017-FY2027F
Figure 47: North India Home Furniture Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 48: North India Home Furniture Market Share, By Room Type, By Value, FY2017-FY2027F
Figure 49: South India Home Furniture Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 50: South India Home Furniture Market Share, By Room Type, By Value, FY2017-FY2027F
Figure 51: West India Home Furniture Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 52: West India Home Furniture Market Share, By Room Type, By Value, FY2017-FY2027F
Figure 53: East India Home Furniture Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 54: East India Home Furniture Market Share, By Room Type, By Value, FY2017-FY2027F
Figure 55: India Office Furniture Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 56: Domestic Tourists Arrival in India, 2015-2020 (Million)
Figure 57: India Office Furniture Market Share, By Raw Material, By Value, FY2017-FY2021
Figure 58: India Institutional Furniture Market Size, By Value (USD Billion), FY2017-FY2027F
Figure 59: Foreign Tourists Arrival in India, 2015-2020 (Million)
Figure 60: India Institutional Furniture Market Share, By Raw Material, By Value, FY2017-FY2021

List of Tables:

Table 1: Region-wise Key Production Hubs and Raw Material Supply Centers in India Woodwork Industry
Table 2: Key Organized Players in India Woodwork Industry
Table 3: Partial List of Upcoming Construction Projects in India, By Building Name, By City, By Height (Meter), By Number of Floors, By End User, By Completion Year, as of 2021
Table 4: Usual Bed Dimensions Available in India
Table 5: Popular Models of Beds (Without Mattress), FY2021
Table 6: Popular Models of Sofa, FY2021
Table 7: Popular Models of Wardrobe, FY2021
Table 8: India Home Furniture Price Point Analysis (USD), By Volume
Table 9: India Office Furniture Price Point Analysis (USD), By Volume
Table 10: India Institutional Furniture Price Point Analysis (USD), By Volume
Table 11: Selected AFMT Members, By Location
Table 12: India Furniture Imports, By Type
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Godrej and Boyce Manufacturing Company Limited
  • Nilkamal Limited
  • Featherlite Office Systems Pvt. Ltd.
  • IKEA India Private Limited
  • Durian Industries Limited
  • Forte Furniture Products India Private Limited
  • Haworth India Pvt Ltd
  • Usha Shriram Enterprises Pvt. Ltd.
  • Damro Furniture Private Limited
  • Dynasty Modular Furniture Pvt. Ltd.
  • Lifestyle International Private Limited
Note: Product cover images may vary from those shown