Furniture Industry Statistics 2017 In India

According to csil india is the 4 th furniture consuming country and the 5 th largest furniture producers at a global level.

Furniture industry statistics 2017 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. In the indian context players are actively engaged in each of these activities. Moreover the market is expected to garner. The market is expected to grow annually by 5 1 cagr 2020 2023.

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. The furniture market centers on different movable. 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 an estimated 3 00 000 workers. The perception and outlook of the industry also needs to change. India imports furniture from italy germany spain china korea malaysia indonesia and philippines. Furthermore increasing investments in healthcare and hospitality industries by public as well as private entities is forecast to boost the demand for furniture in india during 2017 2022.

Revenue in the furniture homeware segment is projected to reach us 1 313m in 2020. The ecommerce market segment furniture homeware includes the online sale of furniture kitchen and. The entire home decor category spends furniture accounts about 68 of the share while remaining 32 comprises of furnishings and home improvement. Various types of raw materials are used for furniture making in india.

Imported furniture constitutes to 85 of the total organized furniture industry in the country. 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. It is still.