Furniture Industry In India Kpmg

Indian furniture industry is considered as a non organized sector with handicraft production accounts for about 85 of the furniture production in india.

Furniture industry in india kpmg.

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The most popular forms of indian furniture include home garden furniture office furniture kitchen furniture bedroom furniture upholstered furniture seating furniture parts and contract furniture in wood metal plastic cane and bamboo. Kpmg in india analysis nic 2008 the processes used in the manufacturing of furniture are standard methods of receiving material cutting moulding component fabrication assembly finishing packaging. 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. The design of the article for both aesthetic and functional qualities is an important aspect of the production process.

Un calls for 2 5 trillion coronavirus crisis package for developing countries unctad news release 30 march 2020. 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. 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. Moreover the market is expected to garner.

The furniture sector only makes a marginal contribution to the formation of gdp representing just a small percentage. About 11 per cent us 152 million of this wooden furniture is imported and imports are growing at 50 to 60 per cent every year. Indian furniture industry as of 2006 the indian furniture market is estimated to be worth us 7 922 million. And ikea india private limited.

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