DUBLIN--(BUSINESS WIRE)--The "India Furniture Market By Supply (Domestic & Imported), By Sector Type, By Type (Home Furniture, Office Furniture & Institutional Furniture), By Product Type, By Point of Sale, By Raw Material Type, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The Indian 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.
Other key factors expected to drive the market are increasing government investments in infrastructure development and the rising demand for luxury and premium furniture from certain consumer sections.
Additionally, rising disposable income is influencing expenditure on comfortable lifestyle, which is expected to provide growth opportunities to furniture market players in the coming years. In terms of supply, the Indian furniture market is categorized into the domestic and imported segments.
Among the types of supply, domestic category accounted for majority of the country's furniture market in 2018 and the trend is expected to continue in the coming years.
The unorganized segment dominates the Indian furniture market, as it offers cheaper products in comparison to the ones available through the organized category.
Moreover, product customization availability in the unorganized sector is also expected to aid the segment's leading market position during the forecast period.
Some of the major players operating in the country's furniture market are Godrej & Boyce Manufacturing Company Limited, Nilkamal Limited, Durian Industries Limited, Forte Furniture Products India Private Limited, Haworth India Private Limited, Featherlite Office Systems Pvt. Ltd., Usha Shriram Enterprises Pvt. Ltd., Damro Furniture Private Limited, Dynasty Modular Furniture Pvt. Ltd. and IKEA India Private Limited.
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study
- To analyze and forecast the Indian furniture market size.
- To forecast the Indian furniture market based on supply, sector, type, product type, point of sale, raw material type, city and regional distribution.
- To identify drivers and challenges for the Indian furniture market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian furniture market.
- To conduct the pricing analysis for the Indian furniture market.
- To identify and analyze the profile of leading players operating in the Indian furniture market.
Key Topics Covered
1. Product Overview
2. Research Methodology
3. Analyst View
4. India Woodwork Industry Outlook (Qualitative) focused on Window, Doors & Joinery
4.1. Key Participants in Supply Chain
4.2. Key Raw Materials Supply Centres
4.2.1. Key Production Hubs
4.2.2. Key Raw Material Centres
4.3. Key Organized Players
4.4. Mechanization in Woodworking Industry
4.4.1. Role and importance of mechanization in the production process at different stages (from cutting & shaping of boards to final assembly)
4.4.2. Mechanization practices used in the production process at different stages (from cutting & shaping of boards to final assembly)
4.4.3. Current adoption level of mechanization and expected change in next 5 years
4.4.4. Emerging Trends
126.96.36.199. Shift from manual to semi-automatic to fully automatic machines
188.8.131.52. Use of mechanization from Solid Wood to solid wood to wood-based panel to any other new input materials (eg: RelWood by Reliance)
5. Global Furniture Market Outlook
6. India Furniture Market Demand & Supply Overview
6.3. Demand & Supply Gap
6.4.1. By Key Export Countries
6.5.1. By Key Import Countries
6.6. Key Manufacturing Hubs
7. India Furniture Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Supply (Domestic vs Imported)
7.2.2. By Organized Vs. Unorganized Market
7.2.3. By Type (Home Furniture, Office Furniture & Institutional Furniture)
7.2.4. By Product Type (Sofa, Bed, Wardrobe, Dining Set & Others)
184.108.40.206. India Bed Market Outlook
220.127.116.11.1. By Storage Vs. Non-Storage
18.104.22.168.2. By Size (King Size, Queen Size, Single Bed & Others)
22.214.171.124. India Sofa Market Outlook
126.96.36.199.1. By Number of Seats
188.8.131.52.2. By Fabric Type
184.108.40.206.3. By Layout Type
220.127.116.11. India Wardrobe Market Outlook
18.104.22.168.1. By Size (Single Door, Double Door, Triple Door & Multiple Door)
22.214.171.124. India Dinning Set Market Outlook
126.96.36.199.1. By Seating Capacity (3 & Below; 4 to 8; & 9 & Above)
188.8.131.52.2. By Expandable Vs. Non-Expandable
184.108.40.206.3. By Table Top Type (Wood Top, Glass Top, Marble or Stone Top & Others)
7.2.5. By Point of Sale
7.2.6. By Raw Material Type (Metal, Plastic & Wood)
7.2.7. By Region (North, South, East, West)
7.2.8. By Leading City
7.2.9. By Company
8. India Home Furniture Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Raw Material Type (Wood, Plastic & Metal)
8.2.2. By Offline Vs. Online Sales
8.2.3. By Room Type (Living Room, Bed Room, Dining Room, Kitchen & Others)
8.3. Pricing Analysis
9. India Office Furniture Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Raw Material Type (Wood, Plastic & Metal)
9.3. Pricing Analysis
10. India Institutional Furniture Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Raw Material Type (Wood, Plastic & Metal)
10.2.2. Pricing Analysis
11. India Kids Furniture Market Analysis
12. Value Chain/Supply Chain Analysis
12.1. Key participants in the Value Chain
12.2. Margin Analysis at each participant level
13. SWOT Analysis
14. Market Dynamics
15. Market Trends & Developments
16. Policy & Regulatory Landscape
17. India Economic Profile
18. Competitive Landscape
18.1. Competition Matrix
18.2. Company Profiles
18.2.1. Godrej & Boyce Manufacturing Company Limited
18.2.2. Nilkamal Limited
18.2.3. Durian Industries Limited
18.2.4. Forte Furniture Products India Private Limited
18.2.5. Haworth India Private Limited
18.2.6. Featherlite Office Systems Pvt. Ltd.
18.2.7. Usha Shriram Enterprises Pvt. Ltd.
18.2.8. Damro Furniture Private Limited
18.2.9. Dynasty Modular Furniture Pvt. Ltd.
18.2.10. IKEA India Private Limited
19. Strategic Recommendations
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