India Furniture Market | Growth, Trends and Forecast Till 2024
Posted by Sophia Jones on May 20th, 2019
Market Reports on India Provides the Trending Market Research Report on “India Furniture Market By Supply (Domestic & Imported), By Sector Type (Organized & Unorganized), By Type (Home Furniture, Office Furniture & Institutional Furniture), By Product Type, By Point of Sale, By Raw Material Type, Competition, Forecast & Opportunities, 2024” under Retail category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
India 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 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, India furniture market is categorized into 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 India 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.
Request a free sample copy of Furniture Market Report @ http://www.marketreportsonindia.com/marketreports/Sample/Reports/1512587
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
Some of the major players operating in India 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.
Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of furniture manufacturers across the country. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the manufacturers which could not be identified due to the limitations of secondary research. Our Research analyzed the product offerings, distribution channels and presence of all major manufacturers across the country.
Our Research calculated India furniture market size using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.
Browse our full report with Table of Contents : http://www.marketreportsonindia.com/marketreports/india-furniture-market-by-supply-domestic-imported-by-sector-type-organized-unorganized-by-type-home-furnitur/1512587
About Market Reports on India:
Market Reports on India is an excellent source to obtain top quality market research reports that helps you to understand the business in the Indian market. We cover various industries, identifying and understanding key macro and micro-economic trends, insights and futuristic growth opportunities. To help achieve all this and more, Market Reports on India is the answer to all your business needs.
Contact us at:
Market Reports on India
Tel: +91 22 27810772 / 27810775
Follow us on : Twitter, Facebook, LinkedIn
About the AuthorSophia Jones
Joined: August 22nd, 2017
Articles Posted: 752
BitKong: Fairest and most thrilling Bitcoin casino on the market
Win serious funds fast when you stack the BitKong bonus combo, cash in on the referral program, or hit the massive jackpot then walk away with your life changed.
Quality Office Furniture USA Shipped Direct - Madison Liquidators
Nationwide vendor of quality office furnishings including Desks, Office Chairs, Conference Tables, Cubicles and more!
Crypto Casino Games - The 16 Best Bitcoin Gambling Games (BC)
BC.game offers the best crypto casino games and gambling games. Supports BTC, BTC-LN, ETH, DOG,EOS, TRX, XMR, LTC, XRP, TRTL, and SERO. Fast payouts, provably fair provably, and free coins.
Uhive A New Era of Social Networking
Introduces a new dimension to the world of decentralized social media based on crypto!
The World's Leading Crypto Asset Trading Platform
YoBit Crypto Exchange
Register Now and get 1700 Free Dollars! Buy and sell Ethereum (ETH) on YoBit Exchange!