India Solid Wood Market (2024-2030) | Revenue, Growth, Trends, Forecast, Value, Industry, Size, Share, Analysis & Companies

Market Forecast By Wood Specie (Teak, Sal, Pine, Rosewood, Cedar, Others (Oak, Meranti, Sandalwood, Acacia, Beech, Walnut, Mango, Eucalyptus etc.)), By Application (Furniture Industry, Construction and Building Materials, Cabinetry and Millwork, Crating and Packaging Industry, Door and Door Frames, Others (Musical Instruments, Art and Crafts, Wooden Toys, Games and Sports Equipments etc.)), By Distribution Channel (Online, Offline), By Region (North, South, East, West) and competitve landscape

Product Code: ETC5928350 Publication Date: Apr 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 175 No. of Figures: 42 No. of Tables: 14

India Solid Wood Market Synopsis

In recent years, the India solid wood market has witnessed remarkable growth, buoyed by several key factors. One of the primary drivers has been the burgeoning demand from consumers owing to the rapid expansion of urban areas across the country. Additionally, the thriving hospitality sector has played a significant role in driving this growth, with hotels, resorts, and restaurants increasingly opting for solid wood furnishings to enhance their ambiance. 

India Solid Wood Market Overview

According to 6Wresearch, India Solid Wood Market consumption volume is projected to grow at a CAGR of 10.2% respectively during 2024-2030F. Nesca Homes, a subsidiary of Ascent Cad Services, is embarking on an ambitious expansion plan in India, aiming to establish 10,000 wooden buildings by 2030 across various cities including Hyderabad, Mysore, Bangalore, Ladakh, Jammu and Kashmir and the Andaman and Nicobar Islands. Further, as quoted by United Nations report, India is poised to witness a significant uptick in its urban population, projected to soar to 542 million by 2025, followed by 590 million and 675 million in 2030 and 2035, respectively, up from 483 million in 2020. Moreover, with the burgeoning middle-class segment and rapid urbanization, there's anticipated a gradual shift in lifestyle preferences and consumption patterns, setting the stage for sustained growth in the solid wood market in the foreseeable future.

India Solid Wood Market Share

However, there is a notable uptick in demand for engineered wood products in the Indian market, primarily propelled by their eco-friendly nature and long-lasting durability. This surge is causing a considerable transition away from solid wood majorly in the furniture industry. Also, alternatives like metal materials progressively substitute wood in budget-friendly construction endeavors, posing a potential constraint on the solid wood market's growth.

Market Segmentation by Wood Specie

Teak wood holds a prominent position in the India solid wood industry due to it’s quality of natural oils and tight grain which give it excellent weathering properties, making it ideal for outdoor furniture and structures. It is highly durable, resistant to pests, moisture and decay, making it suitable for various applications such as furniture, flooring and construction.

Market Segmentation by Application

The solid wood market dominates the furniture industry, driven by the attractiveness of solid wood furniture. This appeal is attributed to its long-lasting quality, expert craftsmanship, customizable features, environmental sustainability, resale value, alignment with consumer preferences and the evocation of a sense of heritage.

Market Segmentation by Distribution Channel

The offline channel is anticipated the highest growth in the future owing to brick-and-mortar stores and showrooms, continue to provide a hands-on, tactile experience for consumers, allowing them to physically inspect the quality and feel of solid wood products. However, online channels are gaining prominence and would also maintain the same trajectory due to their convenience and expansive solid wood product offerings. The e-commerce boom in India has facilitated the accessibility of a diverse range of solid wood products to consumers across the country.

Market Segmentation by Region

South India has a higher volume share of the solid wood market due to cultural heritage such as construction of wooden temples. Furthermore, around 33 lakhs houses are being constructed under ‘Pradhan Mantri Awas Yojana (Urban)-Housing for All’ in three states namely Andhra Pradesh, Tamil Nadu and Karnataka which would require solid wood in the usages of furniture, construction, flooring, millwork, doors and others.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Solid Wood Market Overview
  • India Solid Wood Market Outlook
  • India Solid Wood Market Forecast
  • Historical Data and Forecast of India Solid Wood Market Consumption Volume for the Period 2020-2030F
  • Historical Data and Forecast of India Solid Wood Market Consumption Volume, By Wood Specie, for the Period 2020-2030F
  • Historical Data and Forecast of India Solid Wood Market Consumption Volume, By Application, for the Peiod 2020-2030F
  • Historical Data and Forecast of India Solid Wood Market Consumption Volume, By Region, for the Period 2020-2030F
  • Historical Data and Forecast of India Solid Wood Market Consumption Volume, By Distribution Channel, for the Period 2020-2030F
  • Porter’s Five Force Analysis
  • India Solid Wood Market Drivers and Restraints
  • India Solid Wood Market Evolution
  • Market Opportunity Assessment, By Wood Specie
  • Market Opportunity Assessment, By Application
  • Market Opportunity Assessment, By Region
  • Market Opportunity Assessment, By Distribution Channel
  • Market Competitive Benchmarking
  • Company Profiles
  • EXIM Analysis
  • List of Potential Customers
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Wood Specie

  • Teak
  • Sal
  • Pine
  • Rosewood
  • Cedar
  • Others (Oak, Meranti, Sandalwood, Acacia, Beech, Walnut, Mango, Eucalyptus etc.)

By Application

  • Furniture Industry
  • Construction and Building Materials
  • Cabinetry and Millwork
  • Crating and Packaging Industry
  • Door and Door Frames
  • Others (Musical Instruments, Art and Crafts, Wooden Toys, Games and Sports Equipments etc.)

By Distribution Channel

  • Online
  • Offline

By Region

  • North
  • South
  • East
  • West
Frequently Asked Questions About the Market Study (FAQs):
India Solid Wood market consumption volume is projected to grow at a CAGR of 10.2% respectively during 2024-30F.
Rising disposable income and projections of significant income growth in India are expected to drive the consumer sector's expansion. This trend, along with increasing consumer willingness to invest in premium products, is likely to fuel demand for high-end woGoldmanod furniture products in homes, including furniture, cabinetry and millwork, which will give boost to the India solid wood market growth.
Teak wood holds a prominent position in the India solid wood industry due to its quality of natural oils and tight grain which give it excellent weathering properties
Segments that are covered in the market report are by wood specie, application, distribution channel, and region.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1. Key Highlights of the Report
2.2. Report Description
2.3. Market Scope and Segmentation
2.4. Research Methodology 
2.5. Assumptions
3. India Solid Wood Market Overview
3.1. India Solid Wood Market Volume (2020-2030F)
3.2. India Solid Wood Industry Life Cycle
3.3. India Solid Wood Porter’s Five Forces
4. India Solid Wood Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. India Solid Wood Market Trends and Evolution
6. India Solid Wood Market Overview, By Wood Specie
6.1. India Solid Wood Market Consumption Volume Share, By Wood Specie (2023 and 2030F)
6.2. India Solid Wood Market Consumption Volume, By Wood Specie (2020-2030F)
6.2.1 India Solid Wood Market Consumption Volume, By Teak (2020-2030F)
6.2.2 India Solid Wood Market Consumption Volume, By Sal (2020-2030F)
6.2.3 India Solid Wood Market Consumption Volume, By Pine (2020-2030F)
6.2.4 India Solid Wood Market Consumption Volume, By Rosewood (2020-2030F)
6.2.5 India Solid Wood Market Consumption Volume, By Cedar (2020-2030F)
6.2.6 India Solid Wood Market Consumption Volume, By Others (Oak, Meranti, Sandalwood, Acacia, Beech, Walnut and Mango etc.) (2020-2030F)
7. India Solid Wood Market Overview, By Application
7.1. India Solid Wood Market Consumption Volume Share, By Application (2023 and 2030F)
7.2. India Solid Wood Market Consumption Volume, By Application (2020-2030F)
7.2.1 India Solid Wood Market Consumption Volume, By Furniture (2020-2030F)
7.2.2 India Solid Wood Market Consumption Volume, By Construction and Building Material (2020-2030F)
7.2.3 India Solid Wood Market Consumption Volume, By Cabinetry and Millwork (2020-2030F)
7.2.4 India Solid Wood Market Consumption Volume, By Crating and Packaging Industry (2020-2030F)
7.2.5 India Solid Wood Market Consumption Volume, By Door and Door Frames (2020-2030F)
7.2.6 India Solid Wood Market Consumption Volume, By Others (Musical Instruments, Art and Crafts and Wooden Toys etc.) (2020-2030F)
8. India Solid Wood Market Overview, By Region
8.1. India Solid Wood Market Consumption Volume Share, By Region (2023 and 2030F)
8.2. India Solid Wood Market Consumption Volume, By Region (2020-2030F)
8.2.1 India Solid Wood Market Consumption Volume, By North (2020-2030F)
8.2.2 India Solid Wood Market Consumption Volume, By South (2020-2030F)
8.2.3 India Solid Wood Market Consumption Volume, By West (2020-2030F)
8.2.4 India Solid Wood Market Consumption Volume, By East (2020-2030F)
9. India Solid Wood Market Overview, By Distribution Channel
9.1. India Solid Wood Market Consumption Volume Share and Consumption Volume, By Distribution Channel (2020-2030F)
9.1.1 India Solid Wood Market Consumption Volume, By Offline (2020-2030F)
9.1.2 India Solid Wood Market Consumption Volume, By Online (2020-2030F)
10. India Solid Wood Market Key Performance Indicators and Sector Outlook
11. India Solid Wood Market EXIM Analysis
12. India Solid Wood Market Opportunity Assessment
12.1. India Solid Wood Market Opportunity, By Wood Specie (2030F) 
12.2. India Solid Wood Market Opportunity, By Application (2030F)
12.3. India Solid Wood Market Opportunity, By Region (2030F)
12.4. India Solid Wood Market Opportunity, By Distribution Channel (2030F)
13. India Solid Wood Market Competitive Landscape
13.1 India Solid Wood Market Revenue Ranking, By Companies (2023) 
13.2 India Solid Wood Market Competitive Benchmarking, By Technical Parameter
13.3 India Solid Wood Market Competitive Benchmarking, By Operating Parameter
14. Company Profiles (50 OEMs across different segments)
15. India Solid Wood Market List Of Potential Customer (Architects, Builders, Manufacturers etc)
16. Key Strategic Recommendations
17. Disclaimer
List of Figures
1. India Solid Wood Market Consumption Volume, 2020-2030F (Cubic Meter Thousand)
2. India Middle-to High-Income Households Average Annual Disposable Income (more than USD 10,000), 2023 and 2027F, Million
3. India Average Income, 2013-2031F, USD
4. India Per Capita GDP, 2021-2030F, USD
5. India Middle Class Population, 2021 and 2031F, Million
6. India Urban Population, 2020-2035F, Million
7. India Plywood And Other Wood-based Industries, 2022-2030F, million cubic meter RWE (Roundwood Equivalent)
8. India Solid Wood Market Consumption Volume Share, By Wood Species, 2023 and 2030F
9. India Solid Wood Market Consumption Volume Share, By Application, 2023 and 2030F
10.  India Solid Wood Market Consumption Volume Share, By Region, 2023 and 2030F
11.  India Solid Wood Market Consumption Volume Share, By Distribution Channel, 2023 and 2030F
12.  State Wise No. of Houses Sanctioned Under PMAY (Urban) (lakhs)
13.  India Real Estate Market Size, 2022, 2030E and 2047E (USD Billion)
14.  India Domestic Expenditure on Tourism, 2018-2028F, USD Billion
15.  India Solid Wood Demand by Wood Based Construction Sector, 2020-2030F (Million Cubic Meter)
16.  Sector Wise Furniture Industry in India, 2020
17. India Furniture Market Revenues, 2022 and 2026F, (USD Billion)
18.  Sales Channel of Furniture in India, 2022 and 2025F
19.  India Furniture Industry Market Revenue Share, 2023
20.  India Home Furniture Industry Market Revenue Share, 2023
21. India Solid Wood Export Value, By Top 3 Countries For HS Code 4403 In 2023 (USD Thousand)
22. Export Percentage Share Of HS Code 44039918, By Quantity, 2023
23. Export Percentage Share Of HS Code 44039918, By Value, 2023
24. Export Percentage Share Of HS Code 44039800, By Quantity, 2023
25. Export Percentage Share Of HS Code 44039800, By Value, 2023
26. Export Percentage Share Of HS Code 44039919, By Quantity, 2023
27. Export Percentage Share Of HS Code 44039919, By Value, 2023
28. Export Percentage Share Of HS Code 44032190, By Quantity, 2023
29. Export Percentage Share Of HS Code 44032190, By Value, 2023
30. Export Percentage Share Of HS Code 44039922, By Quantity, 2023
31. Export Percentage Share Of HS Code 44039922, By Value, 2023
32. Export Percentage Share Of HS Code 44039990, By Quantity, 2023
33. Export Percentage Share Of HS Code 44039990, By Value, 2023
34. India Solid Wood Export Percentage Share, By Top 3 Countries In Terms Of Quantity
35. India Solid Wood Export Percentage Share, By Top 3 Countries In Terms Of Value
36.India Share of Top 3 Import Partners for HS Code 4403, 2023
37. India Solid Wood Import Data, By Top 3 Country for HS Code 4403, 2023 (cubic meter)
38. India Solid Wood Market Opportunity Assessment, By Wood Specie, 2030F
39. India Solid Wood Market Opportunity Assessment, By Application, 2030F
40. India Solid Wood Market Opportunity Assessment, By Region, 2030F
41. India Solid Wood Market Opportunity Assessment, By Distribution Channel, 2030F
42. India Solid Wood Market Revenue Ranking, By Companies, 2023
List of Tables
1. India Solid Wood Market Consumption Volume, By Wood Specie, 2020-2030F, (Cubic Meter Thousand)
2. India Solid Wood Market Consumption Volume, By Application, 2020-2030F, (Cubic Meter Thousand)
3. India Solid Wood Market Consumption Volume, By Region, 2020-2030F, (Cubic Meter Thousand)
4. India Solid Wood Market Consumption Volume, By Distribution Channel, 2020-2030F, (Cubic Meter Thousand)
5. List of Upcoming Hotels
6. India Solid Wood Export, By HS Code 44039918 In 2023
7. India Solid Wood Export, By HS Code 44039800 In 2023
8. India Solid Wood Export, By HS Code 44039919 In 2023
9. India Solid Wood Export, By HS Code 44032190 In 2023
10. India Solid Wood Export, By HS Code 44039922 In 2023
11. India Solid Wood Export, By HS Code 44039990 In 2023
12. India Solid Wood Export, By Top 3 Countries In Terms Of Quantity, 2023
13. India Solid Wood Export, By Top 3 Countries In Terms Of Value, 2023
14. India Solid Wood Specie Import, By Top 3 Countries, 2023
Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All