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Elevating Expectations: Luxury Furniture Trends and Growing Market in India

FDT Bureau

Elevating Expectations: Luxury Furniture Trends and Growing Market in India
Image credit: Tessera India for SICIS

Managing consumer expectations

Furniture has been an extremely important element in all Indian households. The Indian furniture market has changed over time – from being solely associated with functionality in the form of tables and chairs to it being used as designed interiors with massive sofas and wardrobes. “Comfort has taken a front-running role in this day and age but consumers expect a product that adds aesthetic value to their space as well,” informs Kanoria.

Image credit: Anteak

Dealing with a typically HNI clientele base comprising as many are young millennials or second-generation businesses, Bassi advocates them to be very up-to-date with global design trends through Instagram and oversea travels. Elaborating on their high standards and expectations, he affirms, “We are increasingly seeing the focus on neutral finishes matched with soft tone fabrics, and some who want traditional designs with a timeless finish.”

“India is seeing the highest growth in wealth across the world, with the number of wealthy HNIs or families increasing by over 56 per cent annually.”

- Yatin Bassi, Director, Anteak

Kanoria strongly believes that consumers have been giving increased importance to sustainability and products that are long-lasting and recyclable. “It is expected that consumers and designers will continue to go green in 2023. Most brands switching to sustainable, eco-friendly materials have become not only a trendsetter but also a norm,” he adds.

Alongside sustainable practices, space-saving and multi-purpose furniture are also trending. Citing an example, Falgun explains, “Houdini Cabinet by Giorgetti is a sculptural cabinet that blends the manufacturing skills of the 123-year-old company with designer Roberto Lazzeroni’s distinctive features of essential and soft lines. With its many hidden chests and drawers, the cabinet opens out to uncover secret storage units – like a magical jewel box or a precious treasure chest. The cabinet comes in one-door and two-door units and is perfect for a fluid function in the home.”

Image credit: Visionnaire

Amid these trends, “if there’s one overriding style statement in luxury today, it’s experimentation,” asserts Dhara Shroff, Promoter, Tessera India. “From majestic Amaretto armchairs to gold accent mosaic wall lights till Diamond Mosaics settled on bar and much, the luxury segment in India currently showcases an unprecedented liberation in the way form and function come together to create utterly personal objects.” Similarly, Italian meta-luxury brand Visionnaire’s Lego collection merges two opposite materials (black concrete and gold) into one sculptural piece which can be a low table or a console. Speaking on trends, “Curved furniture with soft lines and a pop of colour is what we had in mind when we created the Mira armchair with designers Draga & Aurel that had a touch of calming rose and delicate textures,” informs Cavalli. “The Ca’ Foscari sofa and armchair by Alessandro La Spada are characterized by these sinuous and curved shapes, this year presented with new paddings combined with a memory foam with the use of high percentages of polyols of plant origin, which replace part of the raw materials of fossil origin and metals treated without chemical aggressive paints.”


Luxury furniture rises and shines

As a result of rapidly rising disposable income, globalization, and urbanization, an increased emphasis is being given to aesthetic sense and lifestyles. Experts believe the luxury market will continue to be stimulated by the strong demand in India this decade. “India is seeing the highest growth in wealth across the world, with the number of wealthy HNIs or families increasing by over 56 per cent annually. The Indian consumer is now one of the mainstream segments who are well-educated, wealthy and globally traveled. You can see this with luxury fashion brands where almost all have opened boutiques in India in the last five years,” says Bassi. Although Europe is the hub for designer furniture, China and India are the fastest-growing countries in the luxury goods segment. Falgun adds, “The expansion of manufacturing facilities is a major factor that has stimulated the market growth. Also, acquiring local designers and premium materials is another aspect to it.”

“It is expected that consumers and designers will continue to go green in 2023.” - 

Dr Anurag Kanoria, Director, The Great Eastern Home

Putting digitalization in picture, Kanoria highlights, “It is globally anticipated that the online sale of luxury furniture will increase and India will see the same change. Increased choice along with a higher level of customization and a representation of the furniture in your living room with the use of AI are some of the advantages of online luxury furniture shopping.”



This article is a part of our exclusive article ‘Luxury Furniture’ which is originally published in Furniture Design & Technology (FDT Magazine) April 2023 print issue. If you want to read the full article, please subscribe Furniture Design & Technology Magazine here: 




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FDT is a B2B monthly bilingual magazine from India that shares the pulse of the furniture business in India and connects the manufacturers, OEMS, product designers, architects, showrooms, designers and dealers.

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