INDIAN FURNITURE INDUSTRY AT A GLANCE IN 2021 - 2022
The Indian Furniture Market stood at USD23.33 billion in FY2021 and is growing at a CAGR of 6.04% during the forecast period to reach the value of USD32.75 billion by FY2027.
India Furniture Market was US$ 17.77 Billion in 2020 and will rise to USD 37.72 Billion by the end of the year 2026, growing at a double-digit CAGR of 13.37% during 2020-2026.
Furniture is an intimate part of every household. Indian Furniture is known around the globe for its intricate designs and artwork. With time, the Indian Furniture industry is getting a makeover and is evolving. Right from the basics of chairs and tables, these days the Indian furniture industry is slowly transitioning to the making of wardrobes, sofas and what not. However most of India’s Furniture industry is highly from the unorganised sector.
The Indian Furniture industry uses a wide variety or raw materials to manufacture furniture. And they include all types of wood, plastic, cane, bamboos, metals, etc. However wood is mostly used and this includes local wood and imported ones. The Indian states of Kerala, Gujarat, Uttar Pradesh, Punjab and Kashmir are well known for their furniture makes.
Recently, the Indian Furniture market has extended into the personalized space. The online furniture market is slowly making its inroads into the brick and mortar pattern. This is because of flexible design options, customised furniture pieces, easy delivery and myriad options to choose from.
