Latest News- Office Furniture Market in India: Commercial office furniture is expected to lead the End-user segment during 2025-2029

The Office Furniture Market in India is being driven by Growing demand for modern and luxury furniture

The Office Furniture Market in India is expected to grow at a CAGR of 11.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3086.7 million. The Indian office furniture market is experiencing significant growth due to the surge in internet penetration, reliable shipping services, and the fragmentation of consumer preferences. Numerous local and international office furniture manufacturers are capitalizing on this trend by selling their products online. The decline in inventory requirements and reduced rental space for office storage are major drivers for the popularity of e-commerce platforms in this sector. With an increasing number of home-based offices and internet users, the office furniture market in India is projected to expand substantially during the forecast period. Notable players in the online office furniture market include Alibaba, Amazon, and Herman Miller, who sell their products both online and offline. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Commercial office furniture
  • Home office furniture
• Distribution Channel
  • Offline
  • Online
• Product
  • Seating
  • Systems
  • Tables
  • Storage units and files
  • Overhead bins
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for modern and luxury furniture
• Increase in the number of office spaces
• Growing demand for eco-friendly furniture

However, the market also witnesses some limitations, which are as follows:

• Fluctuating prices of raw materials
• High competition from regional furniture brands and the threat of counterfeiting
• Long product replacement cycle

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Market Scope in Office Furniture Market in India Research Report

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Research Analysis Overview

The Indian furniture market encompasses a wide range of products, including ergonomic office chairs, height-adjustable tables, and commercial furniture. Warranty and recycling are key considerations in office furniture procurement. Virtual reality and design software facilitate furniture assembly and layout planning. Ergonomics, sustainability, and safety are essential for workplace comfort and productivity. Brands offer customizable, modular, and smart office solutions, while furniture rental and installation services cater to diverse business needs. Quality, acoustics, and lighting design are crucial elements of office space creation. Additionally, steel, aluminum, and co-working furniture are popular choices for modern workplaces. Furniture supply chain optimization, company culture, and design inspiration are ongoing trends. Office accessories complete the picture for a functional and aesthetically pleasing workspace.

Market Research Overview

The Indian office furniture market is witnessing significant growth, driven by factors such as the increasing trend towards interactive workplaces and informal workplace culture. This shift is leading to an increased demand for ergonomic office chairs and storage solutions. Both online and offline sales channels are experiencing growth, with companies like Staples and Office Depot leveraging long-term leases and omnichannel retailing strategies to expand their reach. The market is expected to continue growing, as businesses prioritize the creation of functional, comfortable, and efficient workspaces. Technavio's market research identifies the global office services and supplies market as a key growth area, driven by the adoption of omnichannel retailing strategies and the growing emphasis on creating flexible, collaborative workspaces. Manufacturers of office furniture and equipment, as well as providers of office services, are expected to benefit from this trend.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/