India Furniture Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Report, Forecast 2022-2027

Indian furniture market

Indian furniture market to be driven by rapid urbanization during the forecast period 2022-2027

30 NORTH GOULD STREET, WYOMING, USA, August 23, 2022 /EINPresswire.com/ — Expert Market Research’s new report titled “India furniture market size 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:

Metal
Wood
Plastic
Others

Depending on the sector, the industry can be divided into:

Organized
Unorganized

On the basis of end-use, the market can be categorized into:

Residential
Commercial offices
Hotels/Restaurants
Others

On the basis of distribution channel, the industry can be segmented into:

Supermarkets and Hypermarkets
Specialty stores
On line
Others

Regional furniture markets in India include:

North India
Eastern India
West India
South India
Market trends

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.

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Expert Market Research (EMR) is a leading market research company with clients worldwide. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with comprehensive, up-to-date and actionable market insights that enable them to make informed and intelligent decisions and strengthen their position in the market. market. The customer base ranges from Fortune 1000 companies to small and medium-sized businesses.

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Over 3,000 EMR consultants and over 100 analysts work very hard to ensure that clients get only the most up-to-date, relevant, accurate and actionable information in the industry so they can formulate informed business strategies , efficient and intelligent and secure their market leadership.

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Expert market research
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