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    Indian Furniture Industry: Market Drivers Challeng Es Trends Statistics

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    Saurabh Prabhakar
    The Indian furniture industry is dominated by home furniture which accounts for 65% of the market. Office furniture makes up 20% and hotel/other furniture 15%. The key drivers of growth for the industry are rising incomes, lower import duties, growth in real estate, organized retail, IT/ITES, and tourism. Trends in the industry include forward integration, use of recycled wood, modular kitchens, traditional styles gaining popularity, kids furniture, and innovative materials. The demand for furniture in India has grown from Rs. 784 billion in 2009 to an estimated Rs. 1675.61 billion in 2015.

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    Indian Furniture Industry: Market Drivers Challeng Es Trends Statistics

    Uploaded by

    Saurabh Prabhakar
    228 views8 pages
    The Indian furniture industry is dominated by home furniture which accounts for 65% of the market. Office furniture makes up 20% and hotel/other furniture 15%. The key drivers of growth for the industry are rising incomes, lower import duties, growth in real estate, organized retail, IT/ITES, and tourism. Trends in the industry include forward integration, use of recycled wood, modular kitchens, traditional styles gaining popularity, kids furniture, and innovative materials. The demand for furniture in India has grown from Rs. 784 billion in 2009 to an estimated Rs. 1675.61 billion in 2015.

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    The Indian furniture industry is dominated by home furniture which accounts for 65% of the market. Office furniture makes up 20% and hotel/other furniture 15%. The key drivers of growth for the industry are rising incomes, lower import duties, growth in real estate, organized retail, IT/ITES, and tourism. Trends in the industry include forward integration, use of recycled wood, modular kitchens, traditional styles gaining popularity, kids furniture, and innovative materials. The demand for furniture in India has grown from Rs. 784 billion in 2009 to an estimated Rs. 1675.61 billion in 2015.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    228 views8 pages

    Indian Furniture Industry: Market Drivers Challeng Es Trends Statistics

    Uploaded by

    Saurabh Prabhakar
    The Indian furniture industry is dominated by home furniture which accounts for 65% of the market. Office furniture makes up 20% and hotel/other furniture 15%. The key drivers of growth for the industry are rising incomes, lower import duties, growth in real estate, organized retail, IT/ITES, and tourism. Trends in the industry include forward integration, use of recycled wood, modular kitchens, traditional styles gaining popularity, kids furniture, and innovative materials. The demand for furniture in India has grown from Rs. 784 billion in 2009 to an estimated Rs. 1675.61 billion in 2015.

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    Indian Furniture Industry

    Market
    Overview

    Drivers

    Trends

    Challeng
    es

    Statistics

    Furniture Industry Overview


    Organized

    Furniture Industry
    Segments
    HOME
    OFFICE
    Hotel/others

    20%

    15%
    office furniture
    home furniture
    hotel furniture

    65%

    Commercial furniture segment caters to the office space and hospitality


    industry.
    A major part of the office furniture market caters to operative desks , seats
    and storage cabinets

    Drivers for Furniture


    Industry

    Increase in disposable income


    Reduction in import duties
    Growth in real estate sector
    Growth in organized retail
    Growth in IT & ITES Sector
    Growth in Tourism

    Trends in Furniture
    Industry

    Forward Integration
    Use of Recycled Wood
    Modular Kitchens
    Rising Popularity of traditional
    furniture.
    Kids Furniture gaining popularity
    Use of innovative Materials.

    Demand for Furniture in India


    Rs (Billion)
    1675.61
    1457.05
    1267

    784

    2009

    878

    2010

    983

    2011

    1101

    2012

    2013

    2014

    2015

    Import Export of Furniture in India

    THANK YOU

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