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India's furniture market is valued at around US$23.12 billion and is expected to grow at a CAGR of 10.9% from 2023 to 2028. The market is driven by factors such as rising disposable incomes, increasing urbanization, and a growing preference for homeownership. The largest segment of the market is household furniture, followed by office furniture, and institutional furniture.
The Indian government plays a crucial role in providing a conducive and productive work environment for its employees through strategic procurement of furniture. By acquiring high-quality, ergonomic, and aesthetically pleasing furniture, the government aims to enhance the well-being and productivity of its workforce. In 2022-23, the government allocated an estimated ₹20,000 crore (approximately US$2.5 billion) to furniture procurement, demonstrating its commitment to creating a comfortable and functional workspace for its employees.
The main furniture products and services procured by the Indian government include:
Office furniture
School furniture
Hospital furniture
Kitchen furniture
Living room furniture
Bedroom furniture
Outdoor furniture
The top authorities for India furniture procurement are:
The Directorate General of Supplies and Disposals (DGS&D)
The Central Public Works Department (CPWD)
The Defence Research and Development Organisation (DRDO)
The Indian Railways
The Indian Space Research Organisation (ISRO)
The top winners of India furniture procurement are:
Godrej Interio
Nilkamal
Usha Shriram
Durian
Supreme
V-Mart
HomeTown
Pepperfry
Urban Ladde
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