Furniture Industry Statistics 2017 In India

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Furniture industry statistics 2017 in india.

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. The furniture and home décor industry in india is largely unorganised which is a major hindrance for its growth. Revenue in the furniture homeware segment is projected to reach us 1 313m in 2020. The furniture market centers on different movable.

The indian furniture industry covers the entire gamut of activities from sourcing manufacturing and distribution to sales and after sales. Increasing number of hotels along with growing tourist footfall are anticipated to boost the demand for furniture from hospitality industry during. The perception and outlook of the industry also needs to change. India ranked 48th among furniture exporters and 49th among importers.

According to csil india is the 4 th furniture consuming country and the 5 th largest furniture producers at a global level. The ecommerce market segment furniture homeware includes the online sale of furniture kitchen and. Imported furniture constitutes to 85 of the total organized furniture industry in the country. Various types of raw materials are used for furniture making in india.

Gautier india known as style spa world furniture is the pioneer in the organised furniture market with a large network of exclusive stores all over india. Moreover the market is expected to garner. The furniture industry in india employs an estimated 3 00 000 workers. The market is expected to grow annually by 5 1 cagr 2020 2023.

The india furniture market is anticipated to reach usd 32 61 billion by 2018 by registering a cagr of 13 38 during the forecast period i e. Csil market research report india furniture outlook is part of the csil country furniture outlook series covering 100 countries at present and containing useful data and indicators to analyse the furniture market and to. Revenue in the furniture market amounts to us 205 052m in 2020.