Market Size of India Office Furniture Industry
| 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 |
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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.
