India Furniture Market to Surpass USD32.75 Billion by FY2027F
Rising middle class population, changing lifestyle and rapid urbanization to fuel the India furniture market through FY2027F. According to TechSci Research report “ India Furniture Market By Supply (Domestic Vs. Imported), By Organized Vs. Unorganized Market, By Type (Home Furniture, Office Furniture & Institutional Furniture), By Product Type (Bed, Sofa, Wardrobe, Dining Set & Others), By Point of Sale (Offline Vs. Online), By Raw Material (Wood, Metal & Plastic), By Region, By Leading City, Competition Forecast & Opportunities, FY2027F ”, India furniture market was valued at USD23.33 billion in FY2021 and is projected to advance with a CAGR of 6.04% in the forecast period to reach USD32.75 billion in FY2027F. Furniture market in the country is anticipated to witness growth on account of growth in the hospitality and real estate industries. There is increased demand for luxury and premium furniture on account of increasing disposable income and expanding working