INDIA HOME FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)

The India Home Furniture Market is segmented by Type (Kitchen Furniture, Living-room, and Dining-room Furniture, Bedroom Furniture, and Other Furniture) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, and Others).

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

CAGR:

8%

Key Players:

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Market Overview

The Indian home furniture market is expected to register a CAGR of 8% during the forecast period. Owing to the channelize process of production, distribution, and selling and increasing demand for household furniture (due to an increased spending capacity of consumers), the home furniture market in India may have an interesting growth during the forecast period.

  • Increased per capita income of middle class is boosting the Indian home furniture market.
  • The growth in the infrastructure sectors, like real estate and tourism, is also responsible for the increased demand for commercial furniture in India.
  • Moreover, the country is well-known for producing carved furniture and other specialized wood furniture. These are the key growth drivers of the home furniture industry in India.
  • Furniture brands are looking to enhance their presence with local distribution tie-ups and stand-alone stores across major cities. The growth of this market is just not restricted to high street retail, as online players have carved a niche for themselves in this segment.
  • Furniture has always been an important part of the home improvement. With the boom in residential property purchases and the increased desire among homeowners for a well-set-up house and stylish interior, the furniture category is performing quite well.

Scope of the Report

A complete background analysis of the Indian home furniture market, which includes an assessment of the parental market, emerging trends by segments and regional markets, and significant changes in market dynamics and market overview, is covered in the report.

By Type
Kitchen Furniture
Living-room and Dining-room Furniture
Bedroom Furniture
Other Furniture
By Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
Online
Others

Report scope can be customized per your requirements. Click here.

Key Market Trends

Bedroom Furniture Segment

Bedroom furniture is a form of decorative art. The high mechanical and specialized skills of the work force in India may the boost the growth of the bedroom furniture segment. Additionally, specialized foundations in India are expanding the market scope, by virtue of high demand.

  • Revenue of the bedroom furniture segment was valued at USD 32 billion in 2015. 
  • Globally, in the bedroom furniture segment, most of the revenue was generated by the United States in 2017.
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To understand key trends, Download Sample Report

High Demand for Living and Dining Room Furniture

The demand for living and dining room furniture in India has shown a steady growth. The segment includes furniture used in living rooms, parlors, lounges, lobbies, and dining rooms.

  • The revenue of the living-room and dining-room furniture segment was valued at USD 45 billion in 2015. 
  • Globally, in the living-room and dining-room furniture segment, most of the revenue was generated by the United States in 2017.
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Competitive Landscape

The report covers major international players operating in the Indian home furniture market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

Major Players

  1. Godrej Interio
  2. Zuari Furniture
  3. Trendsutra Platform Services Private Limited
  4. Damro Furniture
  5. Nilkamal Furniture

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the Indian Home Furniture Market

    6. 4.6 Value Chain Analysis of the Indian Home Furniture Market

    7. 4.7 Millennials and the Housing Market

    8. 4.8 Porter's Five Forces Analysis

    9. 4.9 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living-room and Dining-room Furniture

      3. 5.1.3 Bedroom Furniture

      4. 5.1.4 Other Furniture

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets & Hypermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online

      4. 5.2.4 Others

  6. 6. COMPANY PROFILES

    1. 6.1 Godrej Interio

    2. 6.2 Zuari Furniture

    3. 6.3 Durian Furniture

    4. 6.4 Damro Furniture

    5. 6.5 Nilkamal Furniture

    6. 6.6 IKEA

    7. 6.7 Bed Bath & Beyond Inc.

    8. 6.8 Williams-Sonoma Inc.

    9. 6.9 Ashley Furniture Industries, Inc.

    10. 6.10 Usha Lexus Furniture

    11. 6.11 Greenply Industries Ltd

    12. 6.12 EVOK

    13. 6.13 Hulsta

    14. 6.14 Wipro Furniture*

  7. *List Not Exhaustive
  8. 7. FUTURE OF THE INDIAN HOME FURNITURE MARKET

  9. 8. DISCLAIMER

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