Furniture Industry In India

Furniture is used in laboratories, spa, office, clean room, restaurants, camping, bedroom, outdoor, library, parks, stores, and many more places. Commercial sector is further sub-segmented into non. Various types of raw materials are used for furniture making in India.

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On the back of these factors the furniture industry is expected to propel in India.

Furniture industry in india. 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. Upholstered furniture, office furniture, kitchen furniture and other furniture. In the Indian context, players are actively engaged in each of these activities.

In the year 2006, the Indian furniture industry was estimated at around Rs 35,000 crores. It is very largely a 20th-century industry, its development having.

Moreover, the market of residential sector is expected to achieve Y-o-Y. Furniture refers to movable objects intended to support various human activities such as seating (e.g., chairs, stools, and sofas), eating (), and sleeping (e.g., beds).Furniture is also used to hold objects at a convenient height for work (as horizontal surfaces above the ground, such as tables and desks), or to store things (e.g., cupboards and shelves). The global furniture market size was valued at USD 480.7 billion in 2017 and is expected to grow at a CAGR of 5.1% from 2018 to 2025.

Revenue in the Furniture & Homeware segment amounts to US$1,103m in 2020. The furniture sector in India only makes a marginal contribution to the formation of GDP, representing just a small percentage (about 0.5%). This has led the furniture industry to mold and be diversified.

The steady increase in the Indian economy and growing spending powers have fuelled the development of the furniture market in the last decade. India is one of the largest and fastest-growing economies in the world. Indian market slowed down even before lock-down:

Further, India residential furniture market is expected to grow at a CAGR of 14.16% over the forecast period i.e. The rising trend of home décor and home furnishing with modular and stylish furniture is the major reason behind the growth of furniture industry in India. Godrej manufactures all kinds of furniture like Cabin furniture, executive series, office desks, Beds and Cupboards, Sofas, Dining sets, dining tables and dining chairs coffee tables, wall units etc.