Indian Furniture Industry 2022

Information about Indian Textile Industry and Its ImportanceMarket SizeInvestments Developments AchievementsGovernment Initiatives and Growth of Textile Industry in India. Agriculture and Allied Industries. The sudden COVID-19 pandemic which hit the world during the initial days of 2020 has changed the face of the furniture industry on a large scale. This would make the market volume of US 2636 million by 2022.

Indian Furniture Market To Reach Us 27bn By 2022 Hktdc Home Furnishing News India

The Indian market size in comparison comes to be less than 5 percent highlighting the huge growth potential.

Indian Furniture Industry 2022. Last updated on Oct 4 2021. As per a recent report the Indian domestic furniture market is expected to grow at a CAGR of 1291 percent during the period of 2020-2024 while the global furniture market is estimated at 11 trillion. Wood Furniture Market in India - Growth Trends COVID-19 Impact and Forecasts 2021 - 2026.

This will account for 7-8 of the retail market in India currently this value stands at 05-075 of the total retail market and 3-4 of organised retail in India. As per Industry reports the domestic furniture market is expected to grow at a CAGR of 1291 during the period of 2020-2024 while the global furniture market is estimated at USD 11 Trillion. Global furniture market is projected to reach 800596 million by 2025 end with a CAGR of 35 from 2018 to 2025.

The furniture market is expected to register a CAGR of 5 during the forecast period of 2021-2026. The sectors gross value added GVA at current prices was estimated at US 34853 billion as per the second advanced estimates of FY21. Indian furniture industry gets set to double its market size to Rs 25 lakh crore by 2022.

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