IMARC Group has recently released a new research study titled “India Furniture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the India furniture industry?
The India furniture market is expected to exhibit a CAGR of 12.00% during 2022-2027.
What is furniture?
Furniture comprise tables, chairs, cabinets, beds, desks, dressers, cupboards, etc., that are made from wood, plastics, metal, glass, fabrics, marble, or other materials. They are resilient, require little maintenance, provide elegance, charm, and sophistication to any room, etc. Furniture has a long shelf life and can be easily cleaned by wiping the surface. They are commonly available in a wide array of sizes, styles, colors, designs, etc., with enhanced aesthetics, comfort, functionality, and storage capacities for homes, offices, indoor and outdoor areas, etc. Consequently, furniture is gaining extensive traction across India.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request a Free Sample Report: https://www.imarcgroup.com/india-furniture-market/requestsample
What are the major market drivers in the India furniture market?
The escalating demand for modern interiors, including wardrobes and sofas, as they are made with clean, straight lines, minimal ornamentation, etc., and the growing construction of houses are primarily augmenting the India furniture market. Additionally, various key market players are extensively investing in R&D activities to introduce 3D view variants that is produced by using animation and other advanced technologies, which is expected to fuel the India furniture market in the coming years.
Apart from this, the inflating need for modular and state-of-the-art furniture among individuals living in urban areas is also bolstering the market growth. Furthermore, the easy availability of furniture through online and offline distribution channels is fueling industry expansion across the country. Besides this, the increasing number of hotels and the expanding hospitality sector are also propelling the global market. Furthermore, the unique and exceptional design of the country, on account of its rich handcraft and appealing traditional art and style, is acting as another significant growth-inducing factor.
India Furniture Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on material, distribution channel and end use.
Breakup by Material:
- Metal
- Wood
- Plastic
- Glass
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Breakup by End Use:
- Residential
- Commercial
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-furniture-market
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive LandscapeIf you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Reports:
Indian Wallpaper Market Driven by the Growing Consumption of Home Décor and Remodeling
India Water Purifier Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast
GCC Personal Luxury Goods Market Trends | Growth, Share, Size, Demand and Future Scope
Nigeria Mobile Money Market 2023 to Grow at a CAGR of 29.3% – Industry Analysis by IMARC GroupIndia
Incense Sticks (Agarbatti & Dhoop) Market: Industry Analysis, Challenges, Drivers, Trends and Forecast to 2023-2028
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800