FTAs with UAE, EFTA, UK, EU set to lift India's $30B furniture sector, exporters say
Industry expects recent free trade pacts to boost furniture exports and domestic manufacturing, with players like Nipponply and BCVPL scaling capacity. IKEA is setting up an India product development arm. India ranks 16th globally with under 1% share of an export market projected at $872.5B by 2030.
What happened
Indian furniture sector · Industry says India's recent FTAs with UAE, EFTA, Australia, UK and EU will boost furniture exports and domestic manufacturing.
Key facts
- USD 30 billion market
- USD 872.5 billion global by 2030
- rank 16 in exports
- 1% global share
Why this matters
Watch for capacity-led M&A and JV opportunities as IKEA stands up an India PD arm and mid-tier exporters race to scale into newly-opened EU/UK/EFTA/UAE corridors.