The furniture market in India is anticipated to cross $27 Billion by 2022, on account of growing urbanization, rising trend of nuclear families, and expanding working population base coupled with surging demand for new designs of furniture. Home furniture occupied the largest share in India furniture market in 2016.
Over the last few years, there has been a shift from traditional furniture towards contemporary furniture as buyers in the country are becoming more brand conscious coupled with their increasing purchasing power. Moreover, rapidly expanding distribution network of exclusive stores and easy availability of standardized furniture products is also expected to aid the country's furniture market in the next five years. Furthermore, increasing investments in healthcare and hospitality industries by public as well as private entities is forecast to boost the demand for furniture in India during 2017-2022.
Increasing number of hotels along with growing tourist footfall are anticipated to boost the demand for furniture from hospitality industry during forecast period. In India, an average age of home buyer has dropped from 40 to 27, and youth population with unique and individual preferences are opting for modern furniture rather than traditional furniture. Improving literacy rate and growing influence of western culture are motivating Indian consumers to adopt modern lifestyle.
- Damro Furniture
- Durian Office Furniture Pvt. Ltd.
- Dynasty Modular Furniture Pvt. Ltd.
- Featherlite Office Systems Pvt. Ltd.
- Godrej Interio
- Haworth India Pvt. Ltd.
- Nilkamal Limited
- Usha Shriram Enterprises
- Wipro Consumer Care & Lighting Group
- Zuari Furniture
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. Global Furniture Market Overview
5. India Furniture Market Outlook
6. India Home Furniture Market Outlook
7. India Office Furniture Market Outlook
8. India Institutional Furniture Market Outlook
9. India Kids Furniture Market Analysis
10. India Mattress Market Analysis
11. Impact of Season on India Furniture Market
12. Value Chain/Supply Chain Analysis
13. SWOT Analysis
14. Import & Export Analysis
15. Market Dynamics
16. Market Trends & Developments
17. Policy & Regulatory Landscape
18. India Economic Profile
19. Competitive Landscape
20. Strategic Recommendations
For more information about this report visit http://www.researchandmarkets.com/research/xs7knq/india_furniture
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/india-furniture-market---anticipated-to-cross-27-billion-by-2022---surging-demand-for-new-designs-of-furniture---research-and-markets-300407978.html
SOURCE Research and Markets