The market is dominated by domestic suppliers, as imports account for 0.3% of total market size in 2023. B2B drives market demand, with B2B spending representing 57.1% of total demand in 2023. India has the second largest market size for furniture regionally, with demand reaching USD48.1 billion in 2023. Lear Corp is the largest company in India, generating 3.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.1% of total production value in 2023. The total number of companies decreases in 2023, to 2,520,256 units. The costs of the industry decrease by 13.9% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 18.2% of production value in 2023, the fourth highest regionally. The industry’s exports share increases in 2023 to 3.4% of total production output. With production value of USD36.6 billion, India accounts for 9.9% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Furniture in India: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in India: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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