India Furniture Market, Impact of COVID-19, Industry Size, Growth Trends, Opportunity Company Analysis, Financial Insight
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.
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.
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
Organized
Un-Organized
Ordering Method - Market breakup from 2 viewpoints
Online
Offline
Material Type - Market breakup from 5 viewpoints
Wood
Plastic
Cane & Bamboo
Metal
Others
End Users - Market breakup from 3 viewpoints
Residential/Home
Office
Hospitality
Products - Market breakup from 4 viewpoints
Beds
Wardrobes/Storage
Sofas
Others
All companies covered from 3 viewpoints
1. Nilkamal
2. Parin Furniture
3. Century Plyboards India
4. Godrej Industries
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.
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
Organized
Un-Organized
Ordering Method - Market breakup from 2 viewpoints
Online
Offline
Material Type - Market breakup from 5 viewpoints
Wood
Plastic
Cane & Bamboo
Metal
Others
End Users - Market breakup from 3 viewpoints
Residential/Home
Office
Hospitality
Products - Market breakup from 4 viewpoints
Beds
Wardrobes/Storage
Sofas
Others
All companies covered from 3 viewpoints
- Overviews
- Recent Developments
- Revenues
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
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
