India Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Home Furnishing Industry in India and is segmented by Type (Living-Room and Dining-Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, and Plastic and Other Furniture) and by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels).

Home Furnishing in India Market Size

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India Home Furniture Market Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 23.03 Billion
Market Size (2029) USD 36.90 Billion
CAGR (2024 - 2029) 9.89 %
Market Concentration Medium

Major Players

India Home Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Home Furnishing in India Market Analysis

The India Home Furniture Market size is estimated at USD 23.03 billion in 2024, and is expected to reach USD 36.90 billion by 2029, growing at a CAGR of 9.89% during the forecast period (2024-2029).

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 the 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 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.

Home Furnishing in India Market Trends

Growing Real Estate is Driving the Market

The Indian real estate market, both residential and commercial, has been witnessing growth owing to the increasing population and growing demand for affordable housing accommodation. In recent years, major metropolitan cities, such as Delhi, Mumbai, Kolkata, and others, have also showcased the rising demand for luxury housing complexes, such as villas, penthouses, and apartments. This has augmented the need for furniture, such as sofa sets, dining sets, beds, and chairs, which is also expected to witness growth in the upcoming years. Even though the Indian furniture segment is highly unorganized, companies such as Godrej Interio, Zuari Furniture, and others have been eyeing to cater to the mounting demand for branded home furniture in the country.

India Home Furniture Market: Real-estate industry in India 2018-2022, USD Billion

Increase in Urbanization is Driving the Market

Increasing urbanization and improved living standards have increased the demand for multifunction furniture. This growth in demand will directly impact the Indian home furniture market. In addition, India has seen a rise in disposable incomes, resulting in improved living standards. This will likely drive the need for home decor and furniture. The growing trend due to COVID-19 of work-from-home is leading to a rise in demand for furniture to help with the home-office setup. The growing urbanization also increases demand for inline platforms for home and office furniture, indirectly increasing the demand for home furniture.

India Home Furniture Market: Degree of Urbanization in India 2019-2022, in Percentage

Home Furnishing in India Industry Overview

The report covers major international players operating in the Indian home furniture market. Regarding 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. The key companies include Godrej Interio, Zuari Furniture, Damro Furniture, Durian Furniture, and Nilkamal Furniture.

Home Furnishing in India Market Leaders

  1. Godrej Interio

  2. Zuari Furniture

  3. Damro Furniture

  4. Durian Furniture

  5. Nilkamal Furniture

*Disclaimer: Major Players sorted in no particular order

India Home Furniture Market Concentration
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Home Furnishing in India Market News

  • April 2023: Durian Furniture announced the launch of its second store in Hyderabad City on April 2023. This store is spread across an area of 2000 sq. ft. in Sarath City Capital Mall.
  • July 2022: Godrej strengthened its on-ground presence in North India by adding 25 Channel partners in the northern states of Punjab, Delhi, Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, and Jharkhand.

Home Furnishing in India Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Real Estate is Driving The Market

      2. 4.2.2 Increased Urbanization Is Driving The Market

    3. 4.3 Market Restraints

      1. 4.3.1 Fluctuating Price of Raw Materials

      2. 4.3.2 Limitations in Supply Chain Restraints The Market Growth

    4. 4.4 Market Opportunities

      1. 4.4.1 Custom Furniture Will Work As An Opportunity

      2. 4.4.2 Multifunctional Furniture Will Work As a Opprtunity

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Buyers

      2. 4.6.2 Bargaining Power of Suppliers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitutes

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Insights into Technology Innovation in the Market

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Living-Room and Dining-Room Furniture

      2. 5.1.2 Bedroom Furniture

      3. 5.1.3 Kitchen Furniture

      4. 5.1.4 Lamps and Lighting Furniture

      5. 5.1.5 and Plastic and Other Furniture

    2. 5.2 By Distribution Channel

      1. 5.2.1 Home Centers

      2. 5.2.2 Flagship Stores

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online Stores

      5. 5.2.5 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Godrej Interio

      2. 6.2.2 Zuari Furniture

      3. 6.2.3 Durian Furniture

      4. 6.2.4 Damro Furniture

      5. 6.2.5 Nilkamal Furniture

      6. 6.2.6 IKEA

      7. 6.2.7 Ashley Furniture Industries Inc.

      8. 6.2.8 Usha Lexus Furniture

      9. 6.2.9 Evok

      10. 6.2.10 Hulsta

      11. 6.2.11 Pepperfry

      12. 6.2.12 Urban Ladder

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

**Subject to Availability
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Home Furnishing in India Industry Segmentation

The home furniture is all movable articles necessary for equipping a residence, including, but not limited to, chairs, tables, sofas, and mattresses. 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. The India Home Furniture Market is segmented by Type (Living-Room and Dining-Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, and Plastic and Other Furniture) and by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels). The report offers market size and forecasts for the Market in value (USD million) for all the above segments.

By Product
Living-Room and Dining-Room Furniture
Bedroom Furniture
Kitchen Furniture
Lamps and Lighting Furniture
and Plastic and Other Furniture
By Distribution Channel
Home Centers
Flagship Stores
Specialty Stores
Online Stores
Other Distribution Channels
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Home Furnishing in India Market Research FAQs

The India Home Furniture Market size is expected to reach USD 23.03 billion in 2024 and grow at a CAGR of 9.89% to reach USD 36.90 billion by 2029.

In 2024, the India Home Furniture Market size is expected to reach USD 23.03 billion.

Godrej Interio, Zuari Furniture, Damro Furniture, Durian Furniture and Nilkamal Furniture are the major companies operating in the India Home Furniture Market.

In 2023, the India Home Furniture Market size was estimated at USD 20.96 billion. The report covers the India Home Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Home Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Home Furnishing Industry Report

Statistics for the 2024 India Home Furnishing market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. India Home Furnishing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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India Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)