The furniture market in India is a thriving industry that
plays a significant role for both domestic consumption and exports. With a
population of 1.4 billion people (highest in the world now), India offers a
vast consumer base and a growing middle class with increasing disposable
income. This, coupled with rapid urbanization and evolving lifestyles has fuelled
the demand for furniture across sectors.
The furniture market in India is estimated at
~INR 66K crore in FY23 and expected to reach ~INR 120K crore by FY28. It
encompasses a wide range of products, with wooden furniture emerging as the
main contributor to both domestic and export markets. Traditional craftsmanship
blended with modern designs offers diverse options catering to changing
preferences.
