India Contract Furniture Market Size & Outlook, 2023-2030
India contract furniture market, 2018-2030 (US$M)
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India contract furniture market highlights
- The India contract furniture market generated a revenue of USD 7,461.3 million in 2023 and is expected to reach USD 12,663.2 million by 2030.
- The India market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, chairs & stools was the largest revenue generating product in 2023.
- Sofa & Couch is the most lucrative product segment registering the fastest growth during the forecast period.
Contract furniture market data book summary
| Market revenue in 2023 | USD 7,461.3 million |
| Market revenue in 2030 | USD 12,663.2 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Chairs & stools |
| Fastest growing segment | Sofa & Couch |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chairs & Stools, Tables & Desks, Storage Furniture, Sofa & Couch |
| Key market players worldwide | MillerKnoll Inc, Steelcase Inc Class A, HNI Corp, Global Industrial Co, Haworth, Inc., Kinnarps, Teknion, OFS |
Other key industry trends
- In terms of revenue, India accounted for 5.1% of the global contract furniture market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China contract furniture market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 17,057.3 million by 2030.
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Contract Furniture Market Scope
Contract Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
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India contract furniture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contract furniture market will help companies and investors design strategic landscapes.
Chairs & stools was the largest segment with a revenue share of 33.9% in 2023. Horizon Databook has segmented the India contract furniture market based on chairs & stools, tables & desks, storage furniture, sofa & couch covering the revenue growth of each sub-segment from 2018 to 2030.
The commencement of significant projects in Q3 2023, such as the Infosys Pocharam Office Campus Expansion, Madhapur Data Centre, Hyderabad Data Center, Varanasi Cantonment Railway Station Godowlia Chowk Ropeway, and Bhimunipatnam Hotel Development highlights the robust growth in commercial development in India.
These developments, driven by expansion in office spaces and data centers, are expected to create a surge in demand for contract furniture solutions as these facilities become operational.
Companies are increasingly recognizing the growth potential in the Indian contract furniture market due to the rapid urbanization and the rise of commercial real estate developments, which have driven the demand for modern and well-equipped office spaces.
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Our clientele includes a mix of contract furniture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India contract furniture market , including forecasts for subscribers. This country databook contains high-level insights into India contract furniture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India contract furniture market size, by product, 2018-2030 (US$M)
India Contract Furniture Market Outlook Share, 2023 & 2030 (US$M)
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