Furniture Industry In India 2017

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.

Furniture industry in india 2017.

Furniture making was. In the indian context players are actively engaged in each of these activities. The furniture market centers on different movable. Furniture making in india is heavily influenced by the country s art and literature.

The market growing annually at an average rate of 7 has reached in 2018 a new peak of more than 15 billion us. Increasing number of hotels along with growing tourist footfall are anticipated to boost the demand for furniture from hospitality industry during forecast period. India which ranked 10th in 2008 represents currently the 4 th furniture market among the main furniture markets of the world. The furniture and home décor industry in india is largely unorganised which is a major hindrance for its growth.

Chart 2 turnover by category 2012 2017 lcu million chart 3 turnover by category 2017 2022 lcu million chart 4 profit and profit margin 2012 2017. Revenue in the furniture market amounts to us 205 052m in 2020. It is still. The market is expected to grow annually by 5 1 cagr 2020 2023.

The furniture sector only makes a marginal contribution to the formation of gdp representing just a small percentage. Furniture making has been practiced in india since 1336 ad during the vijayanagar empire. The empires and the kings from southern india are the primary patrons. 2008 2013 data on the kitchen furniture sector and macroeconomic forecast up to 2018.

The furniture in india report includes. The bulk of the market goes to the unorganised sector. The perception and outlook of the industry also needs to change. The indian furniture industry covers the entire gamut of activities from sourcing manufacturing and distribution to sales and after sales.

Csil market research the kitchen furniture market in india provides kitchen furniture market value buil in appliance value historical trends of kitchen furniture production and consumption imports and exports. India has a long and rich history as far as wooden furniture is concerned. Various types of raw materials are used for furniture making in india.