Renub

    India Furniture Market, Impact of COVID-19, Industry Size, Growth Trends, Opportunity Company Analysis, Financial Insight

    Excel: 12
    PDF: 24
    Jun 2021
    Pages: 120

    India Furniture Market Outlook

    India is a place for unique and excellent creative work of furniture. The Indian furniture industry is popular in the nation and internationally because of its rich handicraft and attractive traditional art and design. The Indian Furniture market has evolved over time. It has broadened its market from chair and table to designed interiors like wardrobe or sofas. Furniture has been an essential part of an Indian household for centuries. The major part of the Indian furniture industry accounts in the unorganized sector.

     

    india furniture market


    In India, a wide variety of raw materials are used in the production of furniture like Wood, Plastic, Cane, Bamboo, Metal, and Others. Around the world, wood furniture contributes largest segments because of its numerous varieties of indigenous wood and imported wood. Nowadays, Bamboo woods are also becoming popular in place of plywood. Indian wood is known for its traditional and esthetic work. States like Kerala, Gujarat, Uttar Pradesh, Kashmir, and Punjab are commercial centers for their wonderful decorating, turning, and great finishing of their work. As per this research report, the India Furniture Market was US$ 17.77 Billion in 2020.


    These days’ customers also have the convenience to order furniture both online and offline—increase in digitization and flexibility of home delivery with customization option surging the online India furniture market. The companies like Pepper fry, Urban ladder and others are generating significant revenue through online platforms. At the same time, surging trends of online shopping are pushing the traditional furniture manufacturers, say Godrej, Nilkamal to introduce and sell their products through online medium. As anticipated, the India Furniture Industry Growth will be a double-digit CAGR of 13.37% during 2020-2026.


    India furniture market includes production of a wide range of furniture related to office, bedroom, kitchen, garden, school furniture and hospitals. Factors driving the Indian furniture market are growing disposable income with an increase in the economy, Expansion of the real estate and housing sector, Rising growth in the information technology and services sectors. Besides, other contributing factors are the remarkable growth of the mass media resulting in millions of middle-class Indians aiming for improved lifestyles, increasing desire for stylish homes in compact apartments. According to Renub Research, India Furniture Market Size is growing rapidly, and it is expected to be USD 37.72 Billion by the end of the year 2026.

     

    india furniture market share


    COVID-19 Pandemic Impact on India Furniture Industry

    The furniture market has witnessed tremendous growth in online order due to pandemic and lockdown. The COVID-19 pandemic has happened during the initial days of 2020 has changed the furniture industry on a huge scale. The supply chain disruption and the temporary ban on global trade have highly affected the countries with high dependencies on imports for their furniture needs. The COVID-19 pandemic has also conceptualized the importance of dropping the dependence on imports and improving digitalization and automation in this industry.


    Renub Research report titled “India Furniture Market by Industry Type (Organized, Un-Organized), by Ordering Method (Online, Offline), By Material Type (Wood, Plastic, Cane & Bamboo, Metal, Others), By End Users (Residential/Home, Office, Hospitality), By Products (Beds, Wardrobes/Storage, Sofas, Others), By Company (Nilkamal, Parin Furniture, Omfurn India, Century Plyboards India, Godrej Interio, Urban Ladder, Pepperfry)” provides a complete analysis of India Furniture Industry.


    Industry Type - Market breakup from 2 viewpoints

    1. Organized
    2. Un-Organized


    Ordering Method - Market breakup from 2 viewpoints

    1. Online
    2. Offline


    Material Type - Market breakup from 5 viewpoints

    1. Wood
    2. Plastic
    3. Cane & Bamboo
    4. Metal
    5. Others

     

    india furniture market size


    End Users - Market breakup from 3 viewpoints

    1. Residential/Home
    2. Office
    3. Hospitality


    Products - Market breakup from 4 viewpoints

    1. Beds
    2. Wardrobes/Storage
    3. Sofas
    4. Others


    All companies covered from 3 viewpoints

    •    Overviews
    •    Recent Developments
    •    Revenues


    Company Covered in this Report

    1    Nilkamal
    2    Parin Furniture
    3    Century Plyboards India
    4    Godrej Industries

    1.    Introduction

    2.    Research & Methodology
    3.    Executive Summary

    4.    Market Dynamics

    4.1    Market Drivers
    4.2    Challenges


    5.    India Furniture Market & Forecast

    6.    Market Share – India Furniture Analysis

    6.1    By Industry Type
    6.2    By Ordering Method
    6.3    By Material Type
    6.4    By End Users
    6.5    By Products


    7.    Industry Type - India Furniture Market

    7.1    Organized
    7.2    Un-Organized


    8.    Ordering Method - India Furniture Market

    8.1    Online
    8.2    Offline


    9.    Material Type - India Furniture Market

    9.1    Wood
    9.2    Plastic
    9.3    Cane & Bamboo
    9.4    Metal
    9.5    Others


    10.    End Users - India Furniture Market

    10.1    Residential/Home
    10.2    Office
    10.3    Hospitality


    11.    Products - India Furniture Market

    11.1    Beds
    11.2    Wardrobes/Storage
    11.3    Sofas
    11.4    Others


    12.    Company Analysis

    12.1    Nilkamal

    12.1.1    Overview
    12.1.2    Recent Devlopments
    12.1.3    Revenue Analysis

    12.2    Parin Furniture

    12.2.1    Overview
    12.2.2    Recent Devlopments
    12.2.3    Revenue Analysis

    12.3    Century Plyboards India

    12.3.1    Overview
    12.3.2    Recent Devlopments
    12.3.3    Revenue Analysis

    12.4    Godrej Industries

    12.4.1    Overview
    12.4.2    Recent Devlopments
    12.4.3    Revenue Analysis


    List Of Figures:

    Figure-01:        India Furniture Market (Million US$), 2016 – 2020
    Figure-02:        Forecast for – India Furniture Market (Million US$), 2021 – 2026
    Figure-03:        Industry Type – Organized Market (Million US$), 2016 – 2020
    Figure-04:        Industry Type – Forecast for Organized Market (Million US$), 2021 – 2026
    Figure-05:        Industry Type – Un-Organized Market (Million US$), 2016 – 2020
    Figure-06:        Industry Type – Forecast for Un-Organized Market (Million US$), 2021 – 2026
    Figure-07:        Ordering Method – Online Market (Million US$), 2016 – 2020
    Figure-08:        Ordering Method – Forecast for Online Market (Million US$), 2021 – 2026
    Figure-09:        Ordering Method – Offline Market (Million US$), 2016 – 2020
    Figure-10:        Ordering Method – Forecast for Offline Market (Million US$), 2021 – 2026
    Figure-11:        Material Type – Wood Market (Million US$), 2016 – 2020
    Figure-12:        Material Type – Forecast for Wood Market (Million US$), 2021 – 2026
    Figure-13:        Material Type – Plastic Market (Million US$), 2016 – 2020
    Figure-14:        Material Type – Forecast for Plastic Market (Million US$), 2021 – 2026
    Figure-15:        Material Type – Cane & Bamboo Market (Million US$), 2016 – 2020
    Figure-16:        Material Type – Forecast for Cane & Bamboo Market (Million US$), 2021 – 2026
    Figure-17:        Material Type – Metal Market (Million US$), 2016 – 2020
    Figure-18:        Material Type – Forecast for Metal Market (Million US$), 2021 – 2026
    Figure-19:        Material Type – Others Market (Million US$), 2016 – 2020
    Figure-20:        Material Type – Forecast for Others Market (Million US$), 2021 – 2026
    Figure-21:        End User – Residential/Home Market (Million US$), 2016 – 2020
    Figure-22:        End User – Forecast for Residential/Home Market (Million US$), 2021 – 2026
    Figure-23:        End User – Office Market (Million US$), 2016 – 2020
    Figure-24:        End User – Forecast for Office Market (Million US$), 2021 – 2026
    Figure-25:        End User – Hospitality Market (Million US$), 2016 – 2020
    Figure-26:        End User – Forecast for Hospitality Market (Million US$), 2021 – 2026
    Figure-27:        Product – Beds Market (Million US$), 2016 – 2020
    Figure-28:        Product – Forecast for Beds Market (Million US$), 2021 – 2026
    Figure-29:        Product – Wardrobes/Storage Market (Million US$), 2016 – 2020
    Figure-30:        Product – Forecast for Wardrobes/Storage Market (Million US$), 2021 – 2026
    Figure-31:        Product – Sofas Market (Million US$), 2016 – 2020
    Figure-32:        Product – Forecast for Sofas Market (Million US$), 2021 – 2026
    Figure-33:        Product – Others Market (Million US$), 2016 – 2020
    Figure-34:        Product – Forecast for Others Market (Million US$), 2021 – 2026
    Figure-35:        Nilkamal – Global Revenue Market (Million US$), 2016 – 2020
    Figure-36:        Nilkamal – Forecast for Global Revenue Market (Million US$), 2021 – 2026
    Figure-37:        Parin Furniture – Global Revenue Market (Million US$), 2016 – 2020
    Figure-38:        Parin Furniture – Forecast for Global Revenue Market (Million US$), 2021 – 2026
    Figure-39:        Century Plyboards India – Global Revenue Market (Million US$), 2016 – 2020
    Figure-40:        Century Plyboards India – Forecast for Global Revenue Market (Million US$), 2021 – 2026
    Figure-41:        Godrej Industries – Global Revenue Market (Million US$), 2016 – 2020
    Figure-42:        Godrej Industries – Forecast for Global Revenue Market (Million US$), 2021 – 2026


    List Of Tables:

    Table-01:        India – Furniture Market Share by Industry Type (Percent), 2016 – 2020
    Table-02:        India – Forecast for Furniture Market Share by Industry Type (Percent), 2021 – 2026
    Table-03:        India – Furniture Market Share by Ordering Method (Percent), 2016 – 2020
    Table-04:        India – Forecast for Furniture Market Share by Ordering Method (Percent), 2021 – 2026
    Table-05:        India – Furniture Market Share by Material Type (Percent), 2016 – 2020
    Table-06:        India – Forecast for Furniture Market Share by Material Type (Percent), 2021 – 2026
    Table-07:        India – Furniture Market Share by End Users (Percent), 2016 – 2020
    Table-08:        India – Forecast for Furniture Market Share by End Users (Percent), 2021 – 2026
    Table-09:        India – Furniture Market Share by Product (Percent), 2016 – 2020
    Table-10:        India – Forecast for Furniture Market Share by Product (Percent), 2021 – 2026

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