The country is famous for its wooden furniture. With the property purchase by customers on the rise and in tune with the interior design tastes of the house owners, the demand for furnished also increased proportionately. The furniture market which was $ 20.90 billion is poised to reach $ 33.58 billion, according to a report released by India Home Furniture Market Report by the Mordor Intelligence.
With the rising income levels of the middle classes, increasing local distribution tie-ups for sale of the furniture, stand-along stores, online sale of the furniture brands have been contributing to the growth of the market. Currently, Godrej Interio, Zuari Furniture, Durian Furniture, Domro Furniture, Neel Kamal Furniture, IKEA, Ashley Furniture Industries Inc, Usha Lexus Furniture, Evok Furniture, Halsa Furniture, Pepper Fry, Urbanlander brands have been playing crucial role in the market.
With the increase in population, and the rise in demand for affordable houses, the real estate market is also expanding. The demand has increased for villas and luxury homes in main cities. In this backdrop, the need to buy sofa sets, dining sets, beds, chairs and other pieces of furniture has increased. Consequently, the furniture market is going up and up.
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