The furniture market in India is a significant contributor to the country's economy and is an important sector in the manufacturing industry. According to a report by Mordor Intelligence, the furniture market in India was valued at USD 27.12 billion in 2020 and is expected to reach USD 37.48 billion by 2025, at a CAGR of 6.5% during the forecast period.
The market is driven by factors such as the increasing urbanization and rising disposable incomes of consumers, as well as the growing demand for furniture in the residential, commercial, and hospitality sectors. The furniture market in India is highly diverse, with a range of products available in various styles, materials, and price points. The market is also supported by the presence of a large number of domestic and international players, as well as a robust supply chain and distribution network.