Furniture Industry Market Size India

The Indian home furniture market is expected to register a CAGR of 8% during the forecast period. The Luxury Furniture Market is expected to garner $27.01 billion by 2020, registering a CAGR of 4.1% during the forecast period 2015-2020. India Furniture Market Size, By Value, 2017E – 2022F (USD Billion) Figure 4:

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Jodhphur Mango Wood Blanket Box HandCrafted by artisans

Lotus Console HandCrafted by artisans in India via www

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Saharanpur 6Photo Frame HandCrafted by artisans in

Jodhpur Wooden Bedside Table HandCrafted by artisans in

Most of the furniture is manufactured using a variety of materials and is available.

Furniture industry market size india. The market is expected to grow annually by 5.1% (CAGR 2020-2023). Furniture is used in laboratories, spa, office, clean room, restaurants, camping, bedroom, outdoor, library, parks, stores, and many more places. The India Furniture Market is anticipated to reach USD 32.61 Billion by 2018 by registering a CAGR of 13.38% during the forecast period i.e.

Market Shares of Sales Channels. Further, India residential furniture market is expected to grow at a CAGR of 14.16% over the forecast period i.e. Revenue in the Furniture market amounts to US$205,052m in 2020.

India Furniture Market Share, By Type, By Value, 2012-2022F The Furniture market centers on different movable. India furniture market stood at $ 21 billion in 2018 and is projected to grow to over $ 31 billion by 2024, exhibiting a CAGR of around 7% during 2019-2024, on account of growing real estate and hospitality industries.

T he furniture and furnishings market in India is a massive market pegged at $ 20 billion (the furniture market alone stands at $ 10 billion) in size and ranked as the fifth largest market in the world. Of this, wooden furniture accounts for US$ 1,358 million. Market size- approximately rs.

About 11 per cent (US$ 152 million) of this (wooden furniture) is imported and imports are growing at 50 to 60 per cent every year. The furniture industry in India employs a total of around 300,000 workers and the total production of furniture in 2001-02 was USD 3580 million. The annual per capita consumption of furniture in india is not more than inr.

Extensive insights into the Growth of India Furniture Market amidst COVID-19. Employment in the Industry According to a National Skill Development Council (NSDC) report, India’s furniture and furnishings industry will need 11.3 million skilled workers by the year 2022. Revenue in the Furniture & Homeware segment amounts to US$1,103m in 2020.