The import of metal mountings and fittings for furniture to India is forecasted to grow from 123 million USD in 2024 to 146.88 million USD by 2028. In 2023, the value stood at approximately 117 million USD. Year-on-year growth is expected to be consistent, with an average annual growth rate (CAGR) of around 4.5% over five years. This indicates a steady increase in demand for these products in the Indian market over the forecast period.
Future trends to watch for include:
- A potential shift towards domestic manufacturing which could impact import volumes.
- Influence of economic factors such as currency fluctuations and trade policies on import costs.
- Technological advancements in metal fittings and mountings that may alter demand dynamics.
- Growing trends in interior design and furniture innovations that could drive import needs.