Product Code: ETC049864 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The upholstered furniture market in India is expected to grow at a significant rate during the forecast period, 2025-2031. Upholstery furniture consists of sofas and armchairs that are used for seating purposes, as well as other items such as beds and mattresses. The increasing demand for luxurious lifestyle among Indian consumers has driven the growth in demand for upholstery furniture products. Additionally, the rising disposable income of people and their inclination towards modern designs have further expanded the scope of this market. Moreover, growing urbanization has resulted in an increased number of nuclear families which is boosting the sales of these products due to limited space availability in apartments.
Rising Demand For Luxurious Lifestyle: The increasing need among Indian consumers for luxurious lifestyle coupled with better economic conditions are driving factors behind the booming demand for upholstered furniture products across major cities like Delhi-NCR, Mumbai, Bangalore etc., where there is an abundant presence of upper middle class population who can afford such premium quality furnishings. Growing Preference For Contemporary Designs & Improved Quality Of Furnishing Products: With changing times and preferences amongst customers especially millennials, there?s been a shift from traditional styles towards contemporary designs resulting into increased sales from modern design section within this industry which also caters to demands from hospitality sector too . Furthermore improved quality assurance standards by some leading players like Godrej Interio have further helped them cement their position even more strongly within domestic market.
High Cost associated with purchasing Upholsteries : Although competition has brought down prices significantly over past few years , fact remains that luxury segment still continues to remain highly price sensitive making it difficult for low income groups or rural customers gain access particularly when it comes to high end offerings.Regional Competition From Low End Brands And Unorganized Sector : Even though organized brands such as Godrej Interio , Durian etc continue enjoy strong consumer loyalty within metros but same cannot be said about regional markets where local unorganized brands offer similar looking products at far cheaper rates thereby limiting scope of expansion opportunities .
Key players operating on India`s Upholstered Furniture Market include Godrej Interio (India), Nilkamal Limited (India), Urban Ladder Home Decor Solutions Pvt Ltd (India), Durian Industries Private Limited (India), FabFurnish
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Upholstered Furniture Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Upholstered Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 India Upholstered Furniture Market - Industry Life Cycle |
3.4 India Upholstered Furniture Market - Porter's Five Forces |
3.5 India Upholstered Furniture Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Upholstered Furniture Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Upholstered Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Upholstered Furniture Market Trends |
6 India Upholstered Furniture Market, By Types |
6.1 India Upholstered Furniture Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Upholstered Furniture Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Upholstered Furniture Market Revenues & Volume, By Chair, 2021-2031F |
6.1.4 India Upholstered Furniture Market Revenues & Volume, By Sofas, 2021-2031F |
6.1.5 India Upholstered Furniture Market Revenues & Volume, By Tables, 2021-2031F |
6.1.6 India Upholstered Furniture Market Revenues & Volume, By Beds, 2021-2031F |
6.1.7 India Upholstered Furniture Market Revenues & Volume, By Other, 2021-2031F |
6.2 India Upholstered Furniture Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Upholstered Furniture Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 India Upholstered Furniture Market Revenues & Volume, By Commercial, 2021-2031F |
7 India Upholstered Furniture Market Import-Export Trade Statistics |
7.1 India Upholstered Furniture Market Export to Major Countries |
7.2 India Upholstered Furniture Market Imports from Major Countries |
8 India Upholstered Furniture Market Key Performance Indicators |
9 India Upholstered Furniture Market - Opportunity Assessment |
9.1 India Upholstered Furniture Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Upholstered Furniture Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Upholstered Furniture Market - Competitive Landscape |
10.1 India Upholstered Furniture Market Revenue Share, By Companies, 2024 |
10.2 India Upholstered Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |