DUBLIN--(BUSINESS WIRE)--The "India Furniture Market Size, Demand, Opportunity & Growth Outlook 2023" report has been added to Research and Markets' offering.
The market is expected to expand at a CAGR of 12.91% during the forecast period of 2016-2023.
Popularity of traditional furniture has strengthened the demand for wood in the manufacturing of furniture in India. Over the past few years, the utilization of wooden goods in home has increased as people have started using wood for furnishing cupboards, decorating and for other purposes. Apart from this, the demand for engineered wood furniture is rising in metro cities such as Delhi, Mumbai, Bangalore and other major cities. The reason behind this is the rising popularity of ready to assemble home furniture in these cities.
The availability of engineered wood furniture through various distribution channels provides ease to the customer to buy furniture products. Moreover, the demand for modular and elegant furniture is growing in urban cities of India. The development in housing sector and rapid growth of metro cities is changing the living standards and lifestyle of the population. The rising trend of home décor and home furnishing with modular and stylish furniture is the major reason behind the growth of furniture industry in India.
Further, there are few number of market players in furniture industry, compared to the unorganized market players. The big players include Godrej, Zuari, Durian, Nilkamal, Featherlite and others have their good market presence in furniture industry in India.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Distribution Channel Market Size ($ Million) & Y-O-Y Growth Analysis (%), 2016-2023
4. Risk Analysis
5. India Furniture Market Size ($ Million) and Forecast, 2016-2023
6. Market Dynamics & Its Impact Analysis
7. India Furniture Market Segmentation Analysis
8. Porter's Five Force Model
9. Competitive Landscape
- Durian Furniture
- Evok ( Subsidiary of Hindware Home Retail Pvt. Ltd. (HHRPL) )
- Geeken India
- Godrej & Boyce Manufacturing Co. Ltd.
- HNI BP Ergo India (A holding company of HNI Corporation)
- Home Town
- Millennium Lifestyles
- Nilkamal Limited
- Urban Ladder
- Wipro Enterprises (P) Ltd.
- Zuari Global Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/vl7n8v/india_furniture