The India Wood Market Report is Segmented by Type (Hardwood and Softwood), Material (Plywood, Laminates, MDF, and Other Materials), Application (Residential and Commercial), and Distribution Channel (Offline and Online). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

In the fiscal year 2022, the wood valued at over 40 billion Indian rupees were imported to India. Of these, imported wood and articles of wood accounted for a significantly larger amount than exports, with almost 14 billion Indian rupees being exported. This industry came under the delicensed category.

The woodworking industry in India is amongst the fastest growing sectors. According to a study conducted by World Bank, the organized furniture market across the country was expected to grow at a rate of about 20 percent annually over the next few years. The country has also been importing wood and wood products. The value of imports in the industry was more than 581 billion Indian rupees at the end of fiscal year 2023.

Industry insight

India has a thriving range of industries that deal with processed and semi-processed value-added timber products. Plywood, veneer and wooden furniture, handicrafts, and pulp and paper are also popular segments within the industry. In 2019, the wood exports from the country were valued at over 70 billion Indian rupees. In response to the growing demands, the wholesale price index of wood and wood products has also increased in recent years.

Growing concerns

To cope with domestic and international demands, tree loss in the nation has been consistent over the last 20 years. The damage along the north eastern parts of the country was severe in the last five years, due to the ‘’slash and burn’’ cultivation approach. Growing concerns and pressure from environmental organizations possibly reduced the proposed investments in the timber sector. Nonetheless, the demand and growth in the industry is most likely to remain unaffected by the ‘minor’ growth inhibitors.

In financial year 2024, the total revenue of Indian Wood Products Limited amounted to 1.92 billion Indian rupees. This was an increase in comparison to the previous year when the overall revenue was 1.84 billion Indian rupees.

Forecast: Wood Products Exports to India by Malaysia 2023 - 2027 Discover more data with ReportLinker!

Manufacturing Industries: Jharkhand: Wood and Products of Wood and Cork, except Furniture: Total Output data was reported at 632.400 INR mn in 2022. This records an increase from the previous number of 386.600 INR mn for 2021. Manufacturing Industries: Jharkhand: Wood and Products of Wood and Cork, except Furniture: Total Output data is updated yearly, averaging 377.750 INR mn from Mar 2009 (Median) to 2022, with 14 observations. The data reached an all-time high of 665.000 INR mn in 2016 and a record low of 164.000 INR mn in 2012. Manufacturing Industries: Jharkhand: Wood and Products of Wood and Cork, except Furniture: Total Output data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAF015: Manufacturing Industry: NIC 2008: By State: Jharkhand.

Imports of Wood & Wood Products in India decreased to 745.46 USD Million in 2023 from 2278.80 USD Million in 2022. This dataset includes a chart with historical data for India Imports of Wood & Wood Products.

The value of India's exported veneered or laminated plywood amounted to about five billion Indian rupees in the fiscal year 2022. This was the largest share of exports within the wood industry in the country that year. Indian total wood industry exports were valued at 14 billion Indian rupees that year.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

In 2017, the amount of pine wood imported into India totaled X cubic meters, lowering by -X% against the previous year. In general, pine wood imports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2009, an increase of X% year-to-year. Over the period under review, the pine wood imports reached its maximum volume of X cubic meters in 2011; however, from 2012 to 2017, it failed to regain its strength.In value terms, pine wood imports stood at $X in 2017.

Forecast: Wood-Based Panels Production in India 2024 - 2028 Discover more data with ReportLinker!

Manufacturing Industries: Gujarat: Wood and Products of Wood and Cork, except Furniture: Wages to Workers data was reported at 1,336.800 INR mn in 2022. This records an increase from the previous number of 1,158.600 INR mn for 2021. Manufacturing Industries: Gujarat: Wood and Products of Wood and Cork, except Furniture: Wages to Workers data is updated yearly, averaging 775.050 INR mn from Mar 2009 (Median) to 2022, with 14 observations. The data reached an all-time high of 1,336.800 INR mn in 2022 and a record low of 167.300 INR mn in 2009. Manufacturing Industries: Gujarat: Wood and Products of Wood and Cork, except Furniture: Wages to Workers data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAF011: Manufacturing Industry: NIC 2008: By State: Gujarat.

India Manufacturing Industries: Wood and Products of Wood and Cork, except Furniture: Interest Paid data was reported at 6,265.100 INR mn in 2017. This records an increase from the previous number of 2,760.700 INR mn for 2016. India Manufacturing Industries: Wood and Products of Wood and Cork, except Furniture: Interest Paid data is updated yearly, averaging 4,932.000 INR mn from Mar 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 6,694.400 INR mn in 2014 and a record low of 2,569.200 INR mn in 2009. India Manufacturing Industries: Wood and Products of Wood and Cork, except Furniture: Interest Paid data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAC030: Manufacturing Industry: NIC 2008: Wood and Products of Wood and Cork, except Furniture.

This statistic shows the revenue of the industry "Manufacture of products of wood, cork, straw and plaiting materials" in India from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of Manufacture of products of wood, cork, straw and plaiting materials in India will amount to approximately 3,7 billion U.S. Dollars by 2024.

The Report Covers Wooden Flooring Manufacturers in India and it is segmented by product type (solid wood flooring, laminated wood flooring, and engineered wood flooring), by end-user (residential and commercial), and by distribution channel (home centers, specialty stores, online retailers, and other distribution channels). The report offers market size and forecasts for the Indian wood flooring market in terms of value (USD million) for all the above segments.

India IPI: 2011-12=100: Weights: Manufacturing: Wood and Wood Products and Cork ex Furniture; Articles of Straw and Plaiting Materials: NIC-16211: Plywood Block Boards data was reported at 0.098 % in Oct 2024. This stayed constant from the previous number of 0.098 % for Sep 2024. India IPI: 2011-12=100: Weights: Manufacturing: Wood and Wood Products and Cork ex Furniture; Articles of Straw and Plaiting Materials: NIC-16211: Plywood Block Boards data is updated monthly, averaging 0.098 % from Apr 2012 (Median) to Oct 2024, with 151 observations. The data reached an all-time high of 0.098 % in Oct 2024 and a record low of 0.098 % in Oct 2024. India IPI: 2011-12=100: Weights: Manufacturing: Wood and Wood Products and Cork ex Furniture; Articles of Straw and Plaiting Materials: NIC-16211: Plywood Block Boards data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAA016: Industrial Production Index: 2011-2012: NIC-16: Manufacturing: Wood and Wood Products and Cork ex Furniture; Articles of Straw and Plaiting Materials: Weights.

India IPI: 2011-12=100: Manufacturing: Wood and Wood Products and Cork ex Furniture; Articles of Straw and Plaiting Materials: NIC-16101: Timber Sawn, Wooden Planks data was reported at 52.300 2011-2012=100 in Feb 2020. This records an increase from the previous number of 46.600 2011-2012=100 for Jan 2020. India IPI: 2011-12=100: Manufacturing: Wood and Wood Products and Cork ex Furniture; Articles of Straw and Plaiting Materials: NIC-16101: Timber Sawn, Wooden Planks data is updated monthly, averaging 78.800 2011-2012=100 from Apr 2012 (Median) to Feb 2020, with 95 observations. The data reached an all-time high of 125.700 2011-2012=100 in Nov 2012 and a record low of 15.600 2011-2012=100 in Apr 2017. India IPI: 2011-12=100: Manufacturing: Wood and Wood Products and Cork ex Furniture; Articles of Straw and Plaiting Materials: NIC-16101: Timber Sawn, Wooden Planks data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Mining and Manufacturing Sector – Table IN.BAA009: Industrial Production Index: 2011-2012: NIC-16: Manufacturing: Wood and Wood Products and Cork ex Furniture; Articles of Straw and Plaiting Materials.

India SCB: Credit Outstanding: Non Food: Industry: Wood and Wood Products data was reported at 268,945.485 INR mn in Jan 2025. This records an increase from the previous number of 266,010.653 INR mn for Dec 2024. India SCB: Credit Outstanding: Non Food: Industry: Wood and Wood Products data is updated monthly, averaging 97,270.000 INR mn from Sep 2005 (Median) to Jan 2025, with 233 observations. The data reached an all-time high of 268,945.485 INR mn in Jan 2025 and a record low of 10,780.000 INR mn in Oct 2005. India SCB: Credit Outstanding: Non Food: Industry: Wood and Wood Products data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAH017: Scheduled Commercial Banks: Credit Outstanding: by Sector.

The Report Covers Furniture Industry in India and the Market is Segmented by Material (Wood, Metal, and Plastic and Other Furniture), Type (Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts for United States Luxury Furniture Market in Value (USD Million) for all the Above Segments.

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Wooden Furniture Market Size 2025-2029

The wooden furniture market size is forecast to increase by USD 126.8 billion at a CAGR of 5.9% between 2024 and 2029.

The market is experiencing significant growth due to the expansion of the real estate and construction sectors. The increasing demand for sustainable and eco-friendly home furnishings, such as hardwood cabinets and chairs, is driving market growth. However, challenges persist for manufacturers and companies, including rising costs of raw materials like hardwood and plywood, as well as the emergence of alternatives like rubber and plastic furniture. Outdoor furniture and luxury furniture segments are also witnessing increased demand, with innovations like LED lighting and upholstered furniture adding to the market's appeal. The spa and wellness industry's focus on creating relaxing environments is further fueling the demand for high-quality wooden furniture.
Overall, the market is expected to continue its growth trajectory, with trends like customization and technological advancements shaping the future landscape.

What will be the Size of the Wooden Furniture Market During the Forecast Period?

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The market encompasses a diverse range of products, including hardwood and softwood offerings for both residential and commercial applications. Mass market players and specialty stores cater to various segments, such as furniture stores, offices, hospitals, hospitality infrastructure, and commercial applications. The market exhibits a strong growth trajectory, driven by the increasing demand for modular furnishing, premium home interiors, and remodeling services. New residential construction also contributes significantly to market expansion. Popular wooden furniture types include chairs, tables, cabinets, and various specialty items made from mango wood, sheesham wood, rubber wood, lamination, medium-density fiberboard, and other materials. Overall, the market is poised for continued growth, driven by evolving consumer preferences and the versatility of wooden furnishings in various sectors.

How is this Wooden Furniture Industry segmented and which is the largest segment?

The report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Home
  Office


Distribution Channel

  Offline
  Online


Type

  Hardwood
  Softwood


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  South America



  Middle East and Africa

By Application Insights

The home segment is estimated to witness significant growth during the forecast period. The home segment holds a significant share in the market, accounting for the majority of applications. In residential spaces, the preference for wooden furniture continues due to its usability and aesthetic appeal. The trend of compact living and frequent home relocations has led to an increase in demand for portable, wooden furniture. Innovative designs that maximize comfort while minimizing space are highly sought after. This segment encompasses furniture for living rooms, bedrooms, kitchens, dining rooms, bathrooms, and other areas. In commercial applications, it is also popular for its durability and versatility. Wood-based materials, including hardwood, softwood, plywood, particleboard, and engineered wood, are commonly used for both residential and commercial furniture production.
The market is influenced by housing demand, furnishings demand, interior design trends, and sustainability concerns. Natural and eco-friendly materials, such as reclaimed wood and sustainably sourced wood, are gaining popularity due to their minimalist design principles and responsible wood sourcing practices. Furniture repair, refinishing, and upcycling are also growing trends in the market. Wooden furniture is used extensively in various commercial sectors, including office spaces, hospitals, hospitality infrastructure, and commercial construction. The market is expected to grow, driven by these trends and the increasing demand for premium home interiors and remodeling services. Outdoor furniture trends and new residential construction also contribute to the market's growth.

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The home segment was valued at USD 273.40 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC held a signifi