Furniture Industry Statistics 2017 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.

Furniture industry statistics 2017 in india.

India ranked 48th among furniture exporters and 49th among importers. It is still. 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. Imported furniture constitutes to 85 of the total organized furniture industry in the country. 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. The market is expected to grow annually by 5 1 cagr 2020 2023.

Increasing number of hotels along with growing tourist footfall are anticipated to boost the demand for furniture from hospitality industry during. Revenue in the furniture market amounts to us 205 052m in 2020. The ecommerce market segment furniture homeware includes the online sale of furniture kitchen and. The perception and outlook of the industry also needs to change.

In the indian context players are actively engaged in each of these activities. The entire home decor category spends furniture accounts about 68 of the share while remaining 32 comprises of furnishings and home improvement. India imports furniture from italy germany spain china korea malaysia indonesia and philippines. 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 furniture industry in india employs an estimated 3 00 000 workers. Moreover the market is expected to garner. The indian furniture industry covers the entire gamut of activities from sourcing manufacturing and distribution to sales and after sales.