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. 

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.