The India furniture market attained a value of USD 25.64 billion in 2023, driven by the increased investments in household décor enhancement by consumers. Aided by the rapid urbanisation, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 10.9%.
The key market trends guiding the growth of the market includes the rapid urbanisation and the increased demand for multifunctional furniture. Also, an evident shift in the furniture industry involves a growing desire for products that prioritize environmental sustainability and eco-friendliness.