India Furniture Market Overview, 2028

India Furniture Market Overview, 2028
India boasts a rich tradition of intricate woodworking and craftsmanship, with various regions known for their unique furniture styles. From the ornate carvings of Rajasthan to the intricate inlay work of Uttar Pradesh, the country's furniture reflects a blend of cultural influences. Furniture making in India has ancient roots, dating back thousands of years. Historical artefacts and archaeological findings reveal the use of furniture in ancient civilizations like the Indus Valley and Mauryan periods. Furniture often holds cultural and religious significance in India. Wooden furniture, in particular, is associated with warmth, hospitality, and traditional rituals, making it an integral part of Indian households. Contemporary Indian furniture often reflects a fusion of traditional and modern design elements, creating pieces that bridge the gap between heritage and innovation. As people spend more time at home, there's a growing trend towards home renovation and interior design, driving the demand for new and stylish furniture. Minimalistic interior design is characterized by clean lines, simple colour palettes, and clutter-free spaces. Furniture that aligns with minimalism emphasises functionality, multi-purpose use, and a sense of openness. Pieces like modular sofas, streamlined dining tables, and storage solutions with hidden compartments are popular choices. As technology becomes more integrated into homes, smart furniture with built-in charging stations, wireless charging, and IoT connectivity is gaining traction. Furniture that adapts to technological needs while maintaining a stylish appearance is in demand.

According to the research report ""India Furniture Market Overview, 2028,"" published by Bonafide Research, the India furniture market is expected to grow at more than 7% CAGR from 2023 to 2028. India's rapid urbanisation and the growth of its middle-class population have led to increased demand for residential and commercial furniture. As more people move to urban areas and experience rising disposable incomes, the need for well-furnished living spaces and workspaces has grown. Evolving lifestyles and changing consumer preferences have led to increased demand for modern, stylish, and functional furniture. Consumers are seeking furniture that complements their personal tastes and aligns with contemporary design trends. The growing trend of home renovation and interior design awareness has fueled the demand for new furniture pieces. Consumers are investing in upgrading and decorating their living spaces, contributing to the purchase of furniture. Based on the material type, it includes wood, glass, plastic, metal, and others. Among them, wood is leading the furniture market as a material type. Wood has a long-standing cultural significance in India. Traditional craftsmanship and woodworking skills have been passed down through generations, making wood an integral part of Indian furniture design. Many customers prefer wooden furniture due to its connection to cultural heritage and craftsmanship. Furthermore, India is home to a variety of wood species that are well-suited for furniture making. Woods like Sheesham (Indian rosewood), teak, and others are readily available and have been traditionally used for furniture.

Based on the category types, which include indoor and outdoor, among them, the indoor segment is leading the market with the highest market share. Indoor spaces hold immense cultural significance in Indian households. Homes are considered sacred and are often used for various rituals, gatherings, and social interactions. As a result, there is a strong emphasis on furnishing indoor spaces with comfortable and functional furniture to accommodate these cultural practises. Indoor furniture is designed to cater to a wide range of activities and needs. Living rooms, bedrooms, and dining areas serve as versatile spaces for relaxation, entertainment, dining, and work. Furniture in these areas needs to be adaptable and accommodating, making indoor furniture a necessity. The rise of interior design awareness and the desire to create visually appealing living spaces have fueled the demand for indoor furniture. Consumers are seeking furniture that aligns with current design trends and helps them achieve their desired aesthetics. Beds, Tables & Desks, Sofa & Couch, Chairs & Stools, Cabinets & Shelves, and Others are the product categories. Among them, beds are leading the market with the highest market share. Indian households often prioritise creating a comfortable and cosy home environment. Beds provide a haven for relaxation and downtime, aligning with the cultural emphasis on creating a peaceful and restful living space.

Based on the application segment, it includes residential, office, hotel, and others (hospital furniture). In India, furniture is more commonly used in residential settings. Indian culture places a strong emphasis on family bonds and togetherness. Residential furniture provides the necessary infrastructure for families to spend quality time together, whether it's sharing meals, watching television, or engaging in conversations. Many Indian households have multi-generational family members living under one roof. This dynamic requires furniture that accommodates various needs and activities, making residential furniture a crucial aspect of shared living spaces. Based on the distribution channel, which includes specialty stores, supermarkets, hypermarkets, online stores, and others, among them, specialty stores have the highest market share. Specialty stores often offer a wide and curated range of furniture options. Consumers can explore a variety of styles, designs, materials, and price points, allowing them to find furniture that suits their preferences and needs. Furthermore, many specialty stores provide interior design consultation services, helping customers choose furniture that complements their overall design vision and style preferences.

Considered in this report

• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• India Furniture with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material

• Wood
• Metal
• Plastic
• Glass
• Others

By product

• Beds
• Tables & Desks
• Sofa & Couch
• Chairs & Stools
• Cabinets & Shelves
• Other

By Category

• Indoor
• Outdoor

By Application

• Residential
• Office
• Hotel
• Others (Hospital Furniture)

By Distribution Channel

• Specialty Stores (Traditional Stores, Branded Furniture/Flagships Stores, Lifestyle Stores, Home Centers)
• Supermarkets and Hypermarkets (Department Stores, Discount Department Stores)
• Online
• Others (Office Supply Stores, Buying Through a Designer)

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the Furniture industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.