India Furniture Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2027 | EMR Inc.
Indian furniture market to be driven by rapid urbanization during the forecast period 2022-2027
Expert Market Research’s new report titled “Indian furniture market Report and Forecast 2022-2027′, gives an in-depth analysis of the Indian furniture market, assessing the market based on its segments such as raw materials, sectors, end-uses, distribution channels and regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators and analyzing the market based on SWOT and Porter’s Five Forces models.
Get a free sample report with table of contents: https://www.expertmarketresearch.com/reports/india-furniture-market/requestsample
Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2021): INR 13.4 billion
- Forecast CAGR (2022-2027): 70%
The Indian furniture industry is driven by the growing trend of working from home. This may be associated with the advent of the COVID-19 outbreak in 2020, which has led businesses and corporations to adopt remote working solutions. This is driving the demand for work-from-home related furniture solutions such as comfortable chairs and table setups that provide convenience for long shifts. Additionally, increasing availability of a wide variety of furniture on online websites is also expected to aid in the growth of the market, with increased accessibility to internet facilities.
Industry definition and major segments
Furniture is a movable object that is made to support human activities, such as chairs that help with sitting and beds for sleeping. Furniture is versatile and can be customized to individual needs. These can be made from a variety of materials and provide varied aesthetic appeal to the room.
Read the full report with table of contents: https://www.expertmarketresearch.com/reports/india-furniture-market
The market, on the basis of raw material, can be split into:
Depending on the sector, the industry can be divided into:
On the basis of end-use, the market can be categorized into:
- Commercial offices
On the basis of distribution channel, the industry can be segmented into:
- Supermarkets and Hypermarkets
- Specialty stores
- In line
Regional furniture markets in India include:
- North India
- Eastern India
- West India
- South India
The Indian furniture industry is driven by the growing population in India coupled with rapid urbanization, which is propelling the demand for home furniture. Additionally, growing consumer interest in the aesthetic appearance of the home is increasing the demand for unique, compact and aesthetically pleasing furniture, thus contributing to the growth of the market. This trend is further fueled by the inflation of disposable incomes and the improvement in the standard of living of the population. In addition, the increasing availability of multi-functional furniture that also provides aesthetic appeal while taking up less space is also in increased demand. These factors are expected to drive the growth of the market over the forecast period.
Main market players
Major market players are IKEA Systems BV, Godrej Interio, Nilkamal Limited, Zuari Furniture, Durian Private Ltd., Usha Shriram Enterprises Pvt. Ltd., Damro Furnitures Pvt. Ltd., The Supreme Industries Limited and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports and advisory services to our clients. We serve a wide clientele ranging from Fortune 1000 companies to small and medium-sized businesses. Our reports cover over 100 industries in established and emerging markets researched by our trained analysts who track the latest economic, demographic, business and market data globally.
At Expert Market Research, we tailor our approach based on the needs and preferences of our clients, providing them with valuable, actionable and up-to-date market insights, helping them realize their optimal growth potential. We offer market intelligence across a range of verticals including Pharmaceuticals, Food & Beverage, Technology, Retail, Chemicals & Materials, Energy & Mining, Packaging and farming.
Read more reports:
Global Aesthetic/Cosmetic Lasers Market: https://www.expertmarketresearch.com/reports/aesthetic-cosmetic-lasers-market
Global Disposable Incontinence Products Market: https://www.expertmarketresearch.com/reports/disposable-incontinence-products-market
Global airport services market: https://www.expertmarketresearch.com/reports/airport-services-market
Global Camping Hammock Market: https://www.expertmarketresearch.com/reports/camping-hammock-market
Global Camping Cooler Market: https://www.expertmarketresearch.com/reports/camping-coolers-market
Learn more about Purchasing Information EMR Services Inc.
* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.
Company Name: Expert market research
Contact person: Matt Johnson
E-mail: Send an email
Address:30 Gould Street North
Country: United States