Furniture Industry Statistics 2017 In India

The furniture market centers on different movable.

Furniture industry statistics 2017 in india.

The perception and outlook of the industry also needs to change. The furniture and home décor industry in india is largely unorganised which is a major hindrance for its growth. The ecommerce market segment furniture homeware includes the online sale of furniture kitchen and. India imports furniture from italy germany spain china korea malaysia indonesia and philippines.

Moreover the market is expected to garner. According to csil india is the 4 th furniture consuming country and the 5 th largest furniture producers at a global level. 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.

Various types of raw materials are used for furniture making in india. It is still. Imported furniture constitutes to 85 of the total organized furniture industry in the country. In the indian context players are actively engaged in each of these activities.

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. India ranked 48th among furniture exporters and 49th among importers. The furniture industry in india employs an estimated 3 00 000 workers. 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.

The entire home decor category spends furniture accounts about 68 of the share while remaining 32 comprises of furnishings and home improvement. Revenue in the furniture homeware segment is projected to reach us 1 313m in 2020. Revenue in the furniture market amounts to us 205 052m in 2020.