Furniture Industry In India Pdf

Furniture refers to the movable objects that support various human activities such as seating eating and sleeping.

Furniture industry in india pdf.

Carrefour sa association of furniture manufacturers of india singapore furniture industries council india international furniture fair national institute of design. Market size and forecast. The rich handicraft and beautiful traditional attributes of art and design have established a reputation of indian furniture industry in the nation and worldwide. Of this wooden furniture accounts for us 1 358 million.

Moreover the market is expected to garner. Indian furniture industry as of 2006 the indian furniture market is estimated to be worth us 7 922 million. 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. The big players include godrej zuari durian nilkamal featherlite and others have their good market presence in furniture industry in india.

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. India furniture market growth is driven by various attributes such as rising trend. India ranked 48th among furniture exporters and 49th among importers. 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 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. 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. 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. Indian furniture industry is a highly unorganized sector.

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 most popular forms of indian furniture include home garden furniture office furniture kitchen furniture bedroom. In the year 2006 the indian furniture industry was estimated at around rs 35 000 crores. India is a land of wonderful and marvelous artistic work of wood.

The market is expected to expand at a cagr of 12 91 during the forecast period of 2016 2023. 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 indian home furniture market is expected to register a higher cagr during the forecast period.