India furniture market to surpass USD 27 billion by 2022

INDIA - According to a recently released TechSci Research report, "India Furniture Market 2012 - 2022", the furniture market in India is anticipated to cross the USD 27 billion mark by 2022, on account of expanding working population base, rising number of household units and increasing disposable income. 

india 201702

Moreover, growing awareness regarding newer designs of furniture and changing consumer lifestyle are also expected to aid the country's furniture market over the next five years.

Increase in construction activities, primarily of premium apartments, in India is another major factor responsible for growing demand for furniture. Moreover, increasing marketing initiatives coupled with growing awareness regarding the use of protective and comfortable furniture is further aiding the market of furniture in India. There are virtually no entry barriers in India furniture industry, and this factor acts as an encouraging factor for local producers to open stores with ease in the country. Thus, Indian furniture market is extremely unorganized, and numerous players are operating in the market.

Notifix-Logo-transparent-300px

NOTIFIX (r) is a registered trademark of Comfix S.A.S. NIT 830.067442-1.
Carrera 11 No. 82 - 38, Oficina 302, Tel. 571 312 304 6082
Bogotá, Colombia

Follow Us

Notifix-Google-icon

This website uses cookies. We use cookies to personalize content and ads and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners who may combine it with other information that you have provided to them or that they have collected from your use of their services. You consent to our cookies if you continue to use this website.