According to TechSci Research
report, “India Furniture Market By
Supply, By Sector Type, By Type, By Product Type, By Point of Sale, By Raw
Material Type, Competition, Forecast & Opportunities, 2024”, furniture
market in India is projected to reach $ 31.6 billion by 2024, on the back of growing
brand consciousness and increasing expenditure on furniture goods among
millennials. Moreover, easy availability of furniture in various regions
through the online platform is expected to boost sales of domestic furniture
products across the country.Growing wooden industry and rapid urbanization are
some of the other factors anticipated to positively influence India furniture
market during forecast period.
Browse 12 market data Tables and 45Figures spread through 110Pages and an in-depth
TOC on
"India Furniture Market"
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furniture category accounted for majority of the country’s furniture market in
2018 and is likley to maintain its dominating position in coming years, backed
by growing demand for multi-functional furniture with various features such as
maximum storage facility, stylish design and innovative space saving designs.In
terms of material, wood accounts for the largest market share, owing to the
aesthetic appearance and convenient maintenance of wood. Moreover, easy raw
material availability is expected to enable the category to continue dominating
the furniture market.Northern part of the country captured nearly one-third of
the market in 2018, on account of rapid urbanization and growing corporate
sector in the region.
Customers can also request for 10% free customization on
this report.
“Booming hospitality sector, easy availability of
flexible loans, increasing number of
household units and shifting consumer preferences towards modern furniture
rather than traditional furniture are some of the major factors that would
drive the market. Moreover, the latest trend of Do It Yourself is expected to have
a positive impact on furniture market in India over the course of next five
years.”, saidMr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
According to TechSci
Research report“India
Furniture Market By Supply, By Sector Type, By Type, By Product Type, By Point
of Sale, By Raw Material Type, Competition, Forecast & Opportunities, 2024”has evaluated the future
growth potential of India furnituremarket and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in India furnituremarket.
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