Consider this: of india’s total furniture market, 85-90 percent (or $17 billion) is unorganised in the minuscule organised sector, brands like godrej interio dominate with a 1-2 percent market. India upholstered furniture segment and total furniture industry, 2015 with its 13 billion people and an increasing household and institutional spending power, india is currently one of the big emerging market economies in the world. Home furniture retail market size in japan 2008-2017 retail value of the home-use furniture market in japan from 2008 to 2017 (in billion japanese yen) retail sales of furniture in china by month. The furniture market in india is anticipated to cross $27 billion by 2022, on account of growing urbanization, rising trend of nuclear families, and expanding working population base coupled with. He added, “furniture is a fast growing market and we will continue to focus more on the category” also read: amazon’s india chief tells employees to shut down email at night, maintain life balance.
The prospect of the furniture sector in india seems positive several agreements have been signed between local producers looking for technology and european companies trying to reach a market or to reduce their costs. Some of the major companies operating in india furniture market are godrej interio, nilkamal ltd, durian, zuari furniture and usha furniture, among others “ india furniture market, by type, by product type, by point of sale, by raw material type, by organized vs. London, may 22, 2017 (business wire) -- according to the latest market study released by technavio, the office furniture market in india is projected to grow to usd 1358 billion by 2021, at a. T he furniture and furnishings market in india is a massive market pegged at $ 20 billion (the furniture market alone stands at $ 10 billion) in size and ranked as the fifth largest market in the world however, on a per capita basis, the market is still under penetrated compared to more matured markets.
Office furniture market in india 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts the report covers the market landscape and its growth. Top 10 best furniture brands in india by abayomi jegede july 1, 2018 in brands & products, india 0 damro has been a much late entry to the furniture market in the year 1996 under lanco group of companies the headquarter of the furniture brand is at chennai damro is known specially for its wooden furniture from sofas, cots to table. London, sept 14, 2016 /prnewswire/ -- executive summary the report titled india furniture market outlook to 2020 – advent of e-commerce retailers and preferences towards organized furniture. India furniture market growth is driven by various attributes such as rising trend for modular and state of the art furniture among the population living in urban cities, growing urbanization in indian states, rising demand for durable and hybrid seating furniture. According to the research report, india organized home furniture market will grow at a considerable cagr rate thus reaching inr 3114 billion by 2020 increase in export market, rising personal disposable income, increase in presence online furniture retailers and increase in demand of wood furniture in global market.
India furniture market over the last few years, there has been a shift from traditional furniture towards contemporary furniture as buyers in the country are becoming more brand conscious coupled. Increasing movement of people from rural to urban areas, rising disposable income of households and changing lifestyles especially in asian countries such as china, india and indonesia is anticipated to impel the growth of global furniture market between 2016 and 2023. The furniture market is again divided into small and big furniture and the division is like 3:1 ration this includes all the things you can conclude under furniture like sofa set, beds, tables for dining or study, almirah or wardrobe etc. Top 10 furniture websites in india we are listing the top 6 online furniture websites in india according to their reputation in india furniture market the top ten 1 pepperfry pepperfry is india's largest online furniture and home decor store headquartered in mumbai the store is known for differentiated product range and offers 6,50,000.
As an individual buyer, i went to this market for buying household furniture i tried to do much research about the shops over there prior to my visit, but was not successful due to limited information of this market, online. To sum it up, the furniture market in india is growing on strong fundamentals, with demand drivers likely to sustain over the medium term at the same time, the supply side is also encouraging, as india has sufficient availability of key raw materials that are used as inputs for furniture making. The furniture industry in india employs a total of around 300,000 workers and the total production of furniture in 2001-02 was usd 3580 million market capitalization the indian wooden furniture industry is able to generate approximately a turnover of rs 3,500 crore annually. Top 5 furniture market in india hidden wall bedhidden dining & hidden study tablehillion condo spacesavingconceptall hidden up.
Indian furniture market huge opportunity for asia: hktdc 17 oct, 2017, 0717pm ist with demand set to outstrip supply, this is seen as representing a huge opportunity for furniture exporters across asia, the hktdc said. This industry report offers the most up-to-date market data on the actual market situation, trends and future outlook for furniture in india. An in the furniture market in india to 2019-20 -depth industry analysis the indian furniture industry is one of the fast growing markets in the world. Swedish furniture giant ikea is hoping to be a leading player in india's organised furniture segment as the company eyes 20% of the total market share.