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

The market is segmented by the Type (Kitchen Furniture, Living-room & Dining-room Furniture, Bedroom Furniture, and Other Furniture), by Distribution Channel.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

CAGR:

The market is expected to grow at a CAGR of 8% for the forecast period.

Key Players:

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Market Overview

Market Summary:

Due to channelize process of production, distribution, and selling and increasing demand of household furniture due to an increased spending capacity of consumers, the home furniture market in India will have an interesting growth in the forecast period.

  • Increased per capita income of middle class giving a boom to the home furniture market in India.
  • Whereas infrastructure boom like real estate and increased tourism which is booming hospitality business is also responsible for increased demand for commercial furniture in India.
  • Moreover, the country has a specialty of producing carved furniture and other specialized wood furniture. These are the key growth drivers of the home furniture industry in India.
  • Furniture brands 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. 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 India Home Furniture Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report.

By Type
Kitchen Furniture
Living-room & Dining-room Furniture
Bedroom Furniture
Other Furniture
By Distribution Channel
Offline
Online

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

Key Market Trends

Bedroom Furniture Segment

Bedroom Furniture can be a product of design and is considered a form of decorative art. Indian markets have high mechanical and specialized ranges of abilities and this will make an impressive commitment to the Bedroom Furniture market. Also, specialized foundations in India are expanding the market scope, by virtue of high demand.

  • Revenue in the Bedroom Furniture segment amounted to USD 32 billion in 2015. 
  • In global comparison, most revenue is generated in the United States in 2017.
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To understand key trends, Download Sample Report

High Demand of Living and Dining Room Furniture

The Indian demand for the living and dining room furniture has enjoyed steady growth. The segment includes furniture found in living rooms, parlors, lounges, lobbies and dining rooms.

  • Revenue in the Living-room & Dining-room Furniture segment amounts to USD 45 billion in 2015. 
  • In global comparison, most revenue is generated in the United States in 2018.
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Competitive Landscape

The report covers major international players operating in the India Home Furniture Market. In terms of market share, few 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 by 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 India Home Furniture Market

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

    7. 4.7 Millennials and the Housing Market

    8. 4.8 Porter's Five Forces Analysis

    9. 4.9 E-commerce Impact on the Market

    10. 4.10 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living-room & 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 Offline

      2. 5.2.2 Online

  6. 6. COMPANY PROFILES

    1. 6.1 Local Players

      1. 6.1.1 Godrej Interio

      2. 6.1.2 Zuari Furniture

      3. 6.1.3 Durian Furniture

      4. 6.1.4 Damro Furniture

      5. 6.1.5 Nilkamal Furniture

    2. 6.2 International Players

      1. 6.2.1 IKEA

      2. 6.2.2 Bed Bath & Beyond Inc.

      3. 6.2.3 Williams-Sonoma, Inc.

      4. 6.2.4 Target Corporation

      5. 6.2.5 Wayfair Inc. *

  7. *List Not Exhaustive
  8. 7. INVESTMENT ANALYSIS ON THE INDIA HOME FURNITURE MARKET

  9. 8. FUTURE OF THE INDIA HOME FURNITURE MARKET

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