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India Furniture Market By Industry Type (Organized, Un-Organized), Ordering Method (Online, Offline), Material Type, End Users (Residential/Home, Office, Hospitality), Products (Beds, Wardrobes/Storage, Sofas, Others), By Company
India is expected to become a USD 5 Trillion economy by 2025, with an annual growth rate of more than 7%, thus making the furniture market in India a billion-dollar opportunity. India furniture market is multiplying, and it is expected to be more than USD 27 Billion by the end of the year 2023. Factors attributing to the growth of India’s Furniture Market are growing middle-class population, rising disposable income and the increasing number of urban households. Small unorganized local players mostly dominate the furniture market in India. But from the last decade, the Indian furniture market is witnessing an increase in the contribution from organized players. In recent years with the entry of global furnishing players like IKEA in India, this growing market share of organized player will further intensify.
The Indian furniture industry covers the entire range of activities, from sourcing, manufacturing, and distribution, to sales and after sales. In the Indian perspective, furniture players are actively engaged in each of these activities. These players use various types of raw materials for making furniture; some of the raw materials include wood, bamboo, cane, plywood, metal, adhesive and plastic. Among all these; wooden furniture contributes a large segment to the furniture made in India. In the crafting of wooden furniture, mostly indigenous wood is preferred. States like Punjab, Uttar Pradesh, Gujarat, Jammu & Kashmir, West Bengal, Kerala, and Andhra Pradesh are among the leading suppliers of wood to India’s Furniture Market. However, imported wood is also used that India imports from South East Asian Countries, namely Myanmar, Malaysia, Indonesia and some from African countries as well.
The growth of the Indian Furniture Market is also driven by the tourism and hospitality industry and the corporate sector. The increasing number of hotels and business offices further spur the demand for furniture in the country. Some of the popular types of wood used in Indian Furniture Industry are Teak, Sandalwood, Sheesham, Ebony, Walnut, Sal, Red Cedar, and Rosewood. Furniture manufacturers consider several aspects related to customer demand such as the furniture’s functionality, look, feel and value while designing furniture.
“India Furniture Market by Industry Type (Organized, Un-Organized), by Ordering Method (Online, Offline), By Material Type (Wood, Plastic, Cane & Bamboo, Metal, Others), By End Users (Residential/Home, Office, Hospitality), By Products (Beds, Wardrobes/Storage, Sofas, Others), By Company (Nilkamal, Parin Furniture, Omfurn India, Century Plyboards India, Godrej Interio, Urban Ladder, Pepperfry)” provides a complete analysis of India furniture market.
Un-organized Market is dominating in the India Furniture Market
In this report we have covered market by industry type. Two types of market covered in this report: organized and un-organized. Un-organized market is dominating in the India furniture market however organized market is playing significant role in this market place.
Online market is growing tremendously in the India Furniture Market
Online market is growing tremendously in the India furniture market due to advent of Reliance Jio and easy availability of cheap smartphones. Digital boom has created positive impacts on this market place. Offline is still favorable shopping method for the most of the consumers India.
Wood is primary raw material used in the India Furniture Market
In this report, we have shown complete insight of the India furniture market by raw materials. The covered market by raw materials are; wood, plastic, cane & bamboo, metal, others. Wood is the primary raw material in the India furniture market.
Figure-01: Indian Furniture Market (Million US$), 2018 & 2023 Figure-02: Organized Furniture Market Million US$ 2018 – 2023 Figure-03: The number of middle class households with a disposable income in thousand Figure-04: India – Hotel Market (Billion INR), 2012-2018 Figure-05: India Furniture Market (Million US$), 2015 – 2018 Figure-06: Forecast for - India Furniture Market (Million US$), 2019 – 2023 Figure-07: India Furniture Market Share by Industry Type (Million US$), 2015 – 2018 Figure-08: India - Forecast for Furniture Market Share by Industry type (Million US$), 2019 – 2023 Figure-09: India - Furniture Market Share by Ordering Method (Million US$), 2015 – 2018 Figure-10: India - Forecast For Furniture Market Share by Ordering Method (Million US$), 2019 – 2023 Figure-11: India - Furniture Market Share by Material Type (Million US$), 2015 – 2018 Figure-12: India - Forecast for Furniture Market Share by Material Type (Million US$), 2019 – 2023 Figure-13: India - Furniture Market Share by End Users (Million US$), 2015 – 2018 Figure-14: India - Forecast for Furniture Market Share by End Users (Million US$), 2019 – 2023 Figure-15: India - Furniture Market Share by Products (Million US$), 2015 – 2018 Figure-16: India - Forecast for Furniture Market Share by Products (Million US$), 2019 – 2023 Figure-17: Industry Type - India Furniture Market by Organized (Million US$), 2015 – 2018 Figure-18: Industry Type - Forecast for India Furniture Market by Organized (Million US$), 2019 – 2023 Figure-19: Industry Type - India Furniture Market by Un-Organized (Million US$), 2015 – 2018 Figure-20: Industry Type - Forecast for India Furniture Market by Un-Organized (Million US$), 2019 – 2023 Figure-21: Ordering Type - India Furniture Market by Online (Million US$), 2015 – 2018 Figure-22: Ordering Type - Forecast for India Furniture Market by Online (Million US$), 2019 – 2023 Figure-23: India Furniture Market by Offline ordering (Million US$), 2015 – 2018 Figure-24: Forecast for - India Furniture Market by Offline ordering (Million US$), 2019 – 2023 Figure-25: Material Type - India Furniture Market by Wood (Million US$), 2015 – 2018 Figure-26: Material Type -Forecast for India Furniture Market by Wood (Million US$), 2019 – 2023 Figure-27: Material Type - India Furniture Market by Plastic (Million US$), 2015 – 2018 Figure-28: Material Type – Forecast For India Furniture Market by Plastic (Million US$), 2019 – 2023 Figure-29: Material Type - India Furniture Market by Cane & Bamboo (Million US$), 2015 – 2018 Figure-30: Material Type - Forecast for India Furniture Market by Cane & Bamboo (Million US$), 2019 – 2023 Figure-31: Material Type - India Furniture Market by Metal (Million US$), 2015 – 2018 Figure-32: Material Type - Forecast for India Furniture Market by Metal (Million US$), 2019 – 2023 Figure-33: Material Type - India Furniture Market by Others (Million US$), 2015 – 2018 Figure-34: Forecast for Material Type - India Furniture Market by Others (Million US$), 2019 – 2023 Figure-35: End Users - India Furniture Market by Residential/Home (Million US$), 2015 – 2018 Figure-36: Forecast for End Users - India Furniture Market by Residential/Home (Million US$), 2019 – 2023 Figure-37: End Users - India Furniture Market by Office (Million US$), 2015 – 2018 Figure-38: Forecast for End Users - India Furniture Market by Office (Million US$), 2019 – 2023 Figure-39: End Users - India Furniture Market by Hospitality (Million US$), 2015 – 2018 Figure-40: Forecast for End Users - India Furniture Market by Hospitality (Million US$), 2019 – 2023 Figure-41: Products - India Furniture Market by Beds (Million US$), 2015 – 2018 Figure-42: Forecast for Products - India Furniture Market by Beds (Million US$), 2019 – 2023 Figure-43: Products - India Furniture Market by Wardrobes/Storage (Million US$), 2015 – 2018 Figure-44: Type - India Furniture Market by Wardrobes/Storage (Million US$), 2019 – 2023 Figure-45: Sofa - India Furniture Market by Product (Million US$), 2015 – 2018 Figure-46: Sofa – Forecast For Furniture Market by Product (Million US$), 2019 – 2023 Figure-47: Others - Furniture Market by Products (Million US$), 2015 – 2018 Figure-48: Others - Forecast For Furniture Market by Product (Million US$), 2019 – 2023 Figure-49: Nilkamal : Furniture Sales in India (Million US$), 2015 – 2018 Figure-50: Forecast for – Nilkamal : Furniture Sales in India (Million US$) , 2019 – 2023 Figure-51: Parlin : Furniture Sales in India(Million US$), 2015 – 2018 Figure-52: Forecast for - Furniture by Parin Furniture sales in India (Million US$), 2019 – 2023 Figure-53: Omfurn India : Furniture Sales in India(Million US$),, 2015 – 2018 Figure-54: Forecast – Omfurn India : Furniture Sales in India(Million US$), 2019 – 2023 Figure-55: Century Plyboards : Furniture Sales in India(Million US$), 2015 – 2018 Figure-56: Forecast – Century Plyboard : Furniture Sales in India(Million US$), 2019 – 2023 Figure-57: Godrej Interio : Furniture Sales in India (Million US$), 2015 – 2018 Figure-58: Forecast – Godrej Interio : Furniture Sales in India(Million US$), 2019 – 2023 Figure-59: Urban Ladder : Furniture Sales in India (Million), 2015 – 2018 Figure-60: Forecast for – Urban Ladder : Furniture Sales in India (Million US$), (2019 – 2023) Figure-61: Pepperfry : Furniture Sales in India (Million US$), 2015 – 2018 Figure-62: Forecast for - Pepperfry : Furniture Sales in India (Million US$), (2019 – 2023
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