Furniture Industry Statistics 2017 In India

Revenue in the furniture market amounts to us 205 052m in 2020.

Furniture industry statistics 2017 in india.

According to csil india is the 4 th furniture consuming country and the 5 th largest furniture producers at a global level. The entire home decor category spends furniture accounts about 68 of the share while remaining 32 comprises of furnishings and home improvement. Various types of raw materials are used for furniture making in india. The perception and outlook of the industry also needs to change.

Imported furniture constitutes to 85 of the total organized furniture industry in the country. India ranked 48th among furniture exporters and 49th among importers. India imports furniture from italy germany spain china korea malaysia indonesia and philippines. The indian furniture industry covers the entire gamut of activities from sourcing manufacturing and distribution to sales and after sales.

The furniture industry in india employs an estimated 3 00 000 workers. In the indian context players are actively engaged in each of these activities. Revenue in the furniture homeware segment is projected to reach us 1 313m in 2020. Moreover the market is expected to garner.

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 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. It is still. The furniture market centers on different movable.

The ecommerce market segment furniture homeware includes the online sale of furniture kitchen and. 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. The market is expected to grow annually by 5 1 cagr 2020 2023.