Market size and forecast.
Furniture industry in india pdf.
India furniture market growth is driven by various attributes such as rising trend.
Scenario of furniture industry in india the range of indigenous furniture available in india includes both residential and contract system furniture with an increased concentration in office and household furniture.
The most popular forms of indian furniture include home garden furniture office furniture kitchen furniture bedroom.
Indian furniture industry 2.
India furniture market stood at 21 billion in 2018 and is projected to grow to over 31 billion by 2024 exhibiting a cagr of around 7 during 2019 2024 on account of growing real estate and hospitality industries.
Owing to the channelize process of production distribution and selling and increasing demand for household furniture due to an increased spending capacity of consumers the home furniture market in india may have an interesting growth during the forecast period.
The furniture industry in india employs an estimated 3 00 000 workers.
Indian furniture industry as of 2006 the indian furniture market is estimated to be worth us 7 922 million.
The big players include godrej zuari durian nilkamal featherlite and others have their good market presence in furniture industry in india.
India is a land of wonderful and marvelous artistic work of wood.
About 11 per cent us 152 million of this wooden furniture is imported and imports are growing at 50 to 60 per cent every year.
The market is expected to expand at a cagr of 12 91 during the forecast period of 2016 2023.
Moreover the market is expected to garner.
In the year 2006 the indian furniture industry was estimated at around rs 35 000 crores.
Indian furniture industry is a highly unorganized sector.
Of this wooden furniture accounts for us 1 358 million.
India ranked 48th among furniture exporters and 49th among importers.
The india furniture market is anticipated to reach usd 32 61 billion by 2018 by registering a cagr of 13 38 during the forecast period i e.
Carrefour sa association of furniture manufacturers of india singapore furniture industries council india international furniture fair national institute of design.
The associated chambers of commerce and industry of india ingvar kamprad elmtaryd and agunnaryd incandescent lamp bureau of energy efficiency wal mart stores inc.
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.
Gautier india known as style spa world furniture is the pioneer in the organised furniture market with a large network of exclusive stores all over india.
Furniture industry in india 1.
