Furniture Industry Statistics 2017 In India

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.

Furniture industry statistics 2017 in india.

Csil market research report india furniture outlook is part of the csil country furniture outlook series covering 100 countries at present and containing useful data and indicators to analyse the furniture market and to. Revenue in the furniture homeware segment is projected to reach us 1 313m in 2020. In the indian context players are actively engaged in each of these activities. The perception and outlook of the industry also needs to change.

Various types of raw materials are used for furniture making in india. Increasing number of hotels along with growing tourist footfall are anticipated to boost the demand for furniture from hospitality industry during. The entire home decor category spends furniture accounts about 68 of the share while remaining 32 comprises of furnishings and home improvement. The market is expected to grow annually by 5 1 cagr 2020 2023.

Revenue in the furniture market amounts to us 205 052m in 2020. The furniture and home décor industry in india is largely unorganised which is a major hindrance for its growth. India ranked 48th among furniture exporters and 49th among importers. It is still.

The furniture market centers on different movable. Moreover the market is expected to garner. The furniture industry in india employs an estimated 3 00 000 workers. The indian furniture industry covers the entire gamut of activities from sourcing manufacturing and distribution to sales and after sales.

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. According to csil india is the 4 th furniture consuming country and the 5 th largest furniture producers at a global level. The ecommerce market segment furniture homeware includes the online sale of furniture kitchen and.