PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1636170
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1636170
The India Furniture Hardware Market size is estimated at USD 3.51 billion in 2025, and is expected to reach USD 7.21 billion by 2030, at a CAGR of 15.49% during the forecast period (2025-2030).
The Indian furniture hardware market is witnessing a surge, propelled by rapid urbanization, rising incomes, increasing demand for architectural hardware solutions that blend aesthetics with functionality, and a growing affinity for modular and ready-to-assemble furniture. This market encompasses a spectrum of products, from hinges and handles to screws and drawer slides, all pivotal in furniture manufacturing. The market is further driven by rising demand for renovation projects and customers' growing awareness and knowledge about interior design. India has recently implemented a series of initiatives to bolster its appeal to foreign investors, positioning itself as a prime investment hub. Notably, India-focused offshore funds have outperformed their counterparts in emerging markets, piquing the interest of global investors.
Colliers' recent report highlights that from 2019 to 2023, foreign inflows dominated institutional investments in India's real estate sector, accounting for 77% and averaging a substantial USD 4 billion annually. Moving into FY 2024, foreign portfolio investments (FPIs) injected a noteworthy USD 41.6 billion into the Indian market.
With an uptick in construction projects and ongoing renovations, the country is poised to witness a surge in hardware product demand. The demand for wood and wooden furniture in India has surged, especially in metro cities such as Bangalore, Delhi, and Mumbai. Technological innovations and rapid urbanization are fueling a surge in the manufacturing of furniture hardware in India, driven by the trend of beautifying residential and commercial buildings. Rising raw material costs and currency fluctuations pose challenges, but the market finds new opportunities due to a growing emphasis on affordable housing. In India's furniture hardware landscape, the residential segment notably commands the largest market share. The growth in the furniture hardware market is underpinned by a rising demand for renovation projects and a more design-savvy customer base. This heightened demand is not confined to hardware but resonates across the broader construction market.
Wire baskets are popular in India, particularly in modular and contemporary furniture. These baskets are now standard in furniture like coffee tables, side tables, and storage units, offering both style and convenience. They boast versatility, storing various items, from books and magazines to blankets and electronics, while maintaining an organized and accessible setup. Moreover, these wire baskets infuse furniture with a modern, industrial flair, catering to sleek, functional design fans. Crafted from stainless steel, the Cargo Series boasts a 10-year replacement warranty against rust, a testament to its impeccable plating finish. These products are proudly manufactured at Hettich's Vadodara Plant in India, adhering to rigorous international quality standards.
The Indian furniture hardware market is fiercely competitive, boasting a multitude of players. This competition is further fueled by the market's diverse product range, which attracts a host of international brands. Key players like Hafele India, Blum India, Ebco, and others actively engage in strategic moves, including product launches, event participation, and expansions, to bolster their market presence and boost revenues.