India Upholstered Furniture Market Size (2024 - 2029)

The India Upholstered Furniture Market is experiencing significant growth, driven by factors such as increased disposable income, a rising number of middle-class households, and rapid urbanization. This market expansion is further supported by the growth in the import and export of luxury wooden furniture and the rise of the e-commerce industry. The relatively low capital investment required to establish upholstered furniture manufacturing facilities and government investments in infrastructure development are also contributing to the market's expansion.

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Market Size of India Upholstered Furniture Industry

India Upholstered Furniture Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 11.21 Billion
Market Size (2029) USD 15.62 Billion
CAGR (2024 - 2029) 6.86 %
Market Concentration High

Major Players

India Upholstered Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Upholstered Furniture Market Analysis

The India Upholstered Furniture Market size is estimated at USD 11.21 billion in 2024, and is expected to reach USD 15.62 billion by 2029, growing at a CAGR of 6.86% during the forecast period (2024-2029).

The Indian upholstered furniture market is growing rapidly in the Asia-Pacific region. Upholstered furniture refers to furniture that has fabric in close contact with padding materials, such as seats and other internal surfaces. It is a craft used for covering works on seating and chairs for soft furniture, including fixed fabric. In addition to providing smooth fabric covers over the seating surfaces, it is also used to support the furniture through springs and coils. Modern manufacturers have introduced upholstered furniture with various shapes, sizes, and aesthetic appeal using pure craftsmanship. The materials used in crafting an upholstered fabric include cotton, linen, silk, polyester, and leather. The product is often lightweight and has the property of resilience.

The upholstered furniture market in India has been growing at a rapid pace due to various factors. The increase in disposable household income, rise in the number of middle-class households, and rapid urbanization rate have contributed significantly to this growth. The market is mainly driven by the significant increase in the import and export of luxury and comfortable wooden furniture among countries and the proliferation of the e-commerce or online shopping industry. Moreover, the need for less capital investment for an upholstered furniture factory has also contributed to the growth of this market. The Indian government is also investing in infrastructure development, which is expected to fuel the growth of this market further during the forecasted period.

India Upholstered Furniture Industry Segmentation

Upholstered furniture means any article of furniture wholly or partially filled with padding, springs, webbing, fabrics, or any other leather materials that are mostly used for sitting, resting, or reclining purposes. The Indian upholstered furniture market is segmented by type (chair, sofa, beds, and other types), by application (commercial and residential), and by distribution channel (supermarkets and hypermarkets, specialty stores, e-commerce, and other distribution channels). the report offers market sizes and forecasts for all the above segments in value (USD).

By Type
Chair
Sofa
Bed
Other Types
By Application
Residential
Commercial
By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
E-commerce
Other Distribution Channels
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India Upholstered Furniture Market Size Summary

The Indian upholstered furniture market is experiencing significant growth, driven by factors such as increasing disposable incomes, a rising number of middle-class households, and rapid urbanization. This market, which includes furniture with fabric covers and padding materials, is becoming increasingly popular due to its aesthetic appeal and versatility. The demand for upholstered furniture is further fueled by the growth of the e-commerce sector and the import and export of luxury furniture. The "Make in India" initiative and government policies allowing 100% foreign direct investment in furniture manufacturing are also contributing to the market's expansion. As urban households grow in size and affluence, the need for comfortable and stylish furniture is on the rise, making upholstered furniture a preferred choice for many consumers.

The market is predominantly unorganized, with a significant portion of production coming from small regional players, while a smaller segment is dominated by established companies like Godrej and Boyce Manufacturing, Haworth, Durian, Tangent, and Nilkamal. The ongoing transformation of the furniture sector from small-scale craftsmanship to industrial manufacturing is creating new opportunities for businesses and brands. As India is projected to become one of the largest consumer markets globally, the demand for upholstered furniture is expected to increase, driven by changing consumer preferences for functional, aesthetically pleasing, and comfortable products. This trend, coupled with the government's infrastructure investments, is set to propel the market's growth in the coming years.

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India Upholstered Furniture Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growth in the Real Estate Sector

    3. 1.3 Market Restraints

      1. 1.3.1 Competition from Non-Upholstered Alternatives

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Insights on Current Trends and Innovations in the Market

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Chair

      2. 2.1.2 Sofa

      3. 2.1.3 Bed

      4. 2.1.4 Other Types

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution Channel

      1. 2.3.1 Supermarkets and Hypermarkets

      2. 2.3.2 Specialty Stores

      3. 2.3.3 E-commerce

      4. 2.3.4 Other Distribution Channels

India Upholstered Furniture Market Size FAQs

The India Upholstered Furniture Market size is expected to reach USD 11.21 billion in 2024 and grow at a CAGR of 6.86% to reach USD 15.62 billion by 2029.

In 2024, the India Upholstered Furniture Market size is expected to reach USD 11.21 billion.

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India Upholstered Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)