INDIAN FURNITURE INDUSTRY AT A GLANCE IN 2020 - 2021
The Indian domestic furniture market is expected to expand at a CAGR of 12.91% during the period of 2020-2024. Global furniture market is estimated at USD 1.1 Trillion out of which Indian market size is less than 5%. Hence the Indian Furniture Industry has a huger potential for growth.
Currently China is the leading exporter of furniture products with a global share of 37.5% followed by Germany, Poland, Italy and USA. India’s top export destination for furniture include US (39.2%), Germany (7.4%), France (6.6%), UK (6.3%), Netherland (6%), and Australia (2.8%).
Major Furniture CompaniesSome of the major players operating in India furniture market are Godrej & Boyce Manufacturing Company Limited, Nilkamal Limited, Durian Industries Limited, Forte Furniture Products India Private Limited, Haworth India Private Limited, Featherlite Office Systems Pvt. Ltd., Usha Shriram Enterprises Pvt. Ltd., Damro Furniture Private Limited, Dynasty Modular Furniture Pvt. Ltd. and IKEA India Private Limited.
