India Upholstered Furniture Market Size
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 Market Trends
Residential End User Segment is the Largest Market
About 65% of all furniture produced is residential upholstered furniture. The number of affluent and upper-middle-class households is increasing, as well as the number of rooms per household. Approximately 25% of urban households have five or more rooms, leading to a higher demand for furniture per household. Upholstered furniture is an excellent addition to home decor and serves as a comfortable seating option in both indoor and outdoor areas. These products, such as comfortable sofas and chairs, can be transformed into a bed for sleeping or lounging, making them versatile and ideal for households. These items are often compact and can comfortably accommodate three or four people. Due to their appealing coziness, they are in high demand in households.
The “Make in India” initiative has created a policy push to transform India into a manufacturing hub. This has made the Indian upholstered furniture market even more attractive. The government has allowed 100% FDI for furniture manufacturing through the automatic route. A significant trend in the upholstered furniture market is the evolving preferences of consumers. They now demand furniture that is not only functional but also aesthetically pleasing, versatile, and comfortable. This shift has resulted in a lower lifespan for furniture products in Indian households. This shift is expected to fuel market growth during the forecasted period.
Growth in Consumer Purchasing Power is Expected to Drive the Growth of this Market
In the forecasted period, India is projected to become the world's third-largest consumer market, driven by the growth of middle to high-income households. The ongoing urbanization process in the country will further amplify consumer spending as companies will have better access to consumers and open more physical retail stores to cater to them. India is a rapidly growing consumer market with rapidly changing tastes and preferences, driving businesses to adapt quickly to the transitioning trends.
The furniture sector is at the center of these developments, transforming from an industry historically dominated by small and medium-scale craftsmen to one now overseeing the rapid expansion of industrial manufacturing. With the inherent advantages of the country in this key consumer segment, the sector's potential is shaping up to be enormous. This has led to the emergence of newer businesses, brands, and retailers that aim to bring the furniture revolution to the doorstep of Indian consumers. As the purchasing power of consumers increases, they are expected to purchase more upholstered furniture and other luxury items to improve their standard of living, which is expected to drive market growth during the forecasted period.
India Upholstered Furniture Industry Overview
The major chunk of about 80% of the Indian upholstered furniture market is the unorganized sector consisting of small regional players, and the remaining 20% of the market is dominated by players such as Godrej and Boyce Manufacturing, Haworth, Durian, Tangent, and Nilkamal.
India Upholstered Furniture Market Leaders
Godrej and Boyce Manufacturing
Haworth
Durian
Tangent
Nilkamal
*Disclaimer: Major Players sorted in no particular order
India Upholstered Furniture Market News
- October 2023: Durian opened their new store in Jaipur. It is located at the prime location of Vaishali Nagar. This sprawling 4800 sq. ft. store houses a grand range of home and office furniture.
- September 2023: Haworth, which provides premium global workspace solutions, aims to expand and strengthen its presence in India. The design conglomerate is investing USD 8 to USD 10 million for setting up its second factory in Sriperumbudur, Tamil Nadu. The new factory will significantly contribute towards collaborative product manufacturing and high-end ergonomic seatings.
India Upholstered Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growth in the Real Estate Sector
4.3 Market Restraints
4.3.1 Competition from Non-Upholstered Alternatives
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights on Current Trends and Innovations in the Market
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Chair
5.1.2 Sofa
5.1.3 Bed
5.1.4 Other Types
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Supermarkets and Hypermarkets
5.3.2 Specialty Stores
5.3.3 E-commerce
5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Godrej & Boyce Manufacturing Co. Ltd.
6.2.2 BP Ergo
6.2.3 Featherlite
6.2.4 Haworth
6.2.5 Style Spa
6.2.6 Yantra
6.2.7 Renaissance
6.2.8 Millennium Lifestyles
6.2.9 Durian
6.2.10 Kian
6.2.11 Tangent
6.2.12 Nilkamal*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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 |
India Upholstered Furniture Market Research FAQs
How big is the India Upholstered Furniture Market?
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.
What is the current India Upholstered Furniture Market size?
In 2024, the India Upholstered Furniture Market size is expected to reach USD 11.21 billion.
Who are the key players in India Upholstered Furniture Market?
Godrej and Boyce Manufacturing, Haworth, Durian, Tangent and Nilkamal are the major companies operating in the India Upholstered Furniture Market.
What years does this India Upholstered Furniture Market cover, and what was the market size in 2023?
In 2023, the India Upholstered Furniture Market size was estimated at USD 10.44 billion. The report covers the India Upholstered Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Upholstered Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Upholstered Furniture Industry Report
Statistics for the 2024 India Upholstered Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Upholstered Furniture analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
