India Office Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 10.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Office Furniture Market Analysis
The office furniture market in India is expected to grow at a strong rate in the forecast period. The market is witnessing significant growth owing to factors such as the growing Indian economy and subsequent demand for office spaces.
The thrust on real estate and office construction is expected to sustain in the near future, indicating continued growth for the office furniture industry. Moreover, the corporate sector in India is uplifting on the back of ease of doing business reforms introduced by the government. Apart from the demand for the creation of new office space, the demand for office furniture is also driven by the renovation of existing offices.
India is also one of the biggest importers of office furniture, accounting for nearly one-fifth of the world's imports of office furniture. The office furniture in general accounts for nearly 20% of the total furniture sales in the country, with the growth of the sector being driven by the country's rising number of domestic clerical firms, overseas invested firms, and technology parks. The growing popularity of B2B e-commerce platforms has also contributed to the rise in import levels in this sector.
The market is also witnessing a new surge in ergonomic designs as ergonomic furniture for instance office chair helps in maintain correct back postures and is comfortable for long sitting hours.
India Office Furniture Market Trends
This section covers the major market trends shaping the India Office Furniture Market according to our research experts:
Increase in The Number of Office Furniture Imports
India is one of the largest importers of office furniture in the world. India's furniture imports are growing mainly due to lack of modernization and innovative design, lack of skilled labor, limited market access, and lack of quality control in the domestic furniture industry. The market outlook for imported office furniture is on the rise. India majorly imports from China, Vietnam, Indonesia, Italy, and Thailand.
MNCs like Teknion has appointed sub-contractors for the installation of its furniture solutions as the company imports furniture from its plants in Malaysia. Similarly, in the branded segment Durian sells imported furniture through 40-odd outlets. The advent of e-commerce platforms in the B2B space has further facilitated placing overseas orders. Chinese furniture is also becoming the trend due to the increasing cost of good quality local timber which is in short supply. According to industry estimates, there are currently about 10,000 dealers who import office furniture in India.
Wood is the Most Widely Used Product for Office Furniture Production
Various types of raw materials are used for making furniture in India. The key raw materials include wood, metal, and plastic, with bamboo and cane also being used in some cases. However, wood accounts for nearly 65 percent of all furniture made in India. Wood furniture is preferred in offices as it lasts longer than other materials. For instance, Solid wood and plywood both are widely used in the construction of executive desks. Solid wood gives a high-class appeal to the office desks and plywood is used in rounding up the log which provides the shiny appearance to the surfaces.
The executive desks in the office also require quality and class which can only be derived with solid wood. Sturdy and durable woods are taken into account for the construction of executive desks. Some of the most preferred wood types for construction of office furniture products include cherry, oak, maple, mahogany, and walnut are best suitable and their preferred color ranges vary from light ash to deep red.
India Office Furniture Industry Overview
The office furniture market in India is fragmented with the unorganized sector dominating the market. The unorganized sector accounts for nearly 75% of the office furniture market and the remaining is held by the organized sector. Earlier, the market was dominated by Indian companies such as Nilkamal, Durian, and Damro however, now there are many foreign players entering the Indian market. With more innovative designs flooding the market, the demand for modular offices is also increasing.
India Office Furniture Market Leaders
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Feather Lite
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Durian
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Damro
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Nilkamal
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Boss Cabin
*Disclaimer: Major Players sorted in no particular order
India Office Furniture Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS & DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Porters 5 Force Analysis
- 4.5 Insights on regulatory standards and government regulations
- 4.6 Insights on key trends in the industry
- 4.7 Insights on imports and exports of office furniture products
- 4.8 Impact of COVID 19 on the market
5. MARKET SEGMENTATION
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5.1 By Material
- 5.1.1 Wood
- 5.1.2 Metal
- 5.1.3 Plastics
- 5.1.4 Others
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5.2 By Products
- 5.2.1 Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others)
- 5.2.2 Storage Units (Bins & Shelves, Cabinets, Others)
- 5.2.3 Workstation (Individual Workstation, Collaborative Workstation, Others)
- 5.2.4 Tables (Conference Tables, Occasional Tables, Others)
- 5.2.5 Other Accessories
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5.3 By Distribution Channel
- 5.3.1 Offline
- 5.3.2 Online
6. COMPETITIVE LANDSCAPE
- 6.1 Market Competion Overview
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6.2 Company Profiles
- 6.2.1 Nilkamal
- 6.2.2 Durian
- 6.2.3 Damro
- 6.2.4 Teknion
- 6.2.5 FeatherLite
- 6.2.6 Boss Cabin
- 6.2.7 Stellar Furniture
- 6.2.8 Herman Miller
- 6.2.9 Wipro Furniture
- 6.2.10 Usha Furniture
- 6.2.11 Indo Innovations
- 6.2.12 Sentiment Furniture Systems India
- 6.2.13 AFC Furniture Solutions
- 6.2.14 Spacewood Office Solutions
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
9. DISCLAIMER
** Subject To AvailablityIndia Office Furniture Industry Segmentation
This report aims to provide a detailed analysis of the India office furniture market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyzes the key players and the competitive landscape.
| By Material | Wood |
| Metal | |
| Plastics | |
| Others | |
| By Products | Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others) |
| Storage Units (Bins & Shelves, Cabinets, Others) | |
| Workstation (Individual Workstation, Collaborative Workstation, Others) | |
| Tables (Conference Tables, Occasional Tables, Others) | |
| Other Accessories | |
| By Distribution Channel | Offline |
| Online |
India Office Furniture Market Research FAQs
What is the current India Office Furniture Market size?
The India Office Furniture Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in India Office Furniture Market?
Feather Lite, Durian, Damro, Nilkamal and Boss Cabin are the major companies operating in the India Office Furniture Market.
What years does this India Office Furniture Market cover?
The report covers the India Office Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Office Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key trends shaping the India Office Furniture Market?
The key trends shaping the India Office Furniture Market are a) Growing demand for sustainable furniture b) Rise of remote work and home office furniture solutions c) Integration of technology in furniture (smart furniture) d) Customization and personalization of furniture solutions
Office Furniture in India Industry Report
The office furniture market in India is experiencing robust growth, driven by the expanding corporate sector, a surge in startups, and the increasing adoption of modern and ergonomic furniture designs. This market caters to a diverse range of customers including large corporations, SMEs, government offices, educational institutions, and home offices. The rising demand for office furniture is further fueled by the growing number of office spaces and the shift towards more luxurious and aesthetically pleasing furniture options. The market is segmented based on product types such as chairs, desks, storage solutions, and workstations, each catering to specific customer needs and preferences. The competitive landscape is quite intense with numerous players offering various furniture solutions. Key market opportunities include the rising trend of home offices and remote work, which demand innovative and flexible furniture solutions. Moreover, there is a growing focus on sustainability and eco-friendly products, which is influencing manufacturers to adopt greener practices and materials. Overall, the office furniture market size in India is poised for continued growth, driven by economic expansion, evolving work practices, and a focus on enhancing workplace environments. For detailed statistics and a market forecast outlook, refer to industry reports such as those provided by Mordor Intelligence™. Get a sample of this industry analysis as a free report PDF download.
