India Furniture Market Forecast and Opportunities, 2019

 Published On: Jun, 2014 |    No of Pages: 170 |  Published By: TechSci Research | Format: PDF
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With an unorganized and fragmented furniture market, India offers immense opportunities to domestic and international players. The demand for furniture is growing in the country on account of increasing purchasing power of the consumers, changing lifestyle, increasing urbanization and widespread availability in tier II and III cities. The domestic furniture market in India is highly unorganized with regional players offering a stiff competition to leading furniture companies, which form the organized sector in the Indian furniture market. In order to increase the product availability, organized furniture manufacturers are also entering into tie-ups with E-commerce retailers. Moreover, the furniture retail chains are also focusing on increasing their presence in tier II & III cities. Major furniture manufacturers in India include Godrej Interio, Nilkamal, Durian and Wipro.

According to “India Furniture Market Forecast & Opportunities, 2019”, the country’s furniture market is projected to grow at a CAGR of around 26%during 2014-19. Home furniture segment is the leading contributor, followed by office and institutional segment. Western region is expected to be the highest revenue contributor in India furniture market, followed by southern region due to the presence of large number of industrial hubs and upcoming infrastructure developments in these regions. Over the next five years, the Indian furniture market is expected to witness increasing consolidation due to growing entry of international companies as a result of the government’s 100% FDI approval into the country’s furniture industry. Consequently, the value share of small and mid-sized furniture players forming the unorganized sector is expected to decrease over the coming years. “India Furniture Market Forecast & Opportunities, 2019” elaborates the following aspects related to furniture market in India:

• India Furniture Market Size, Share & Forecast
• Segmental Analysis – Home Furniture, Office Furniture and Institutional furniture
• Policy & Regulatory Landscape
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape &Strategic Recommendations

Why You Should Buy This Report?

• To gain an in-depth understanding of furniture market in India
• To identify the on-going trends and anticipated growth in the coming years
• To help industry consultants, distributors and dealers align their market-centric strategies
• To obtain research based business decision and add weight to presentations and marketing material
• To gain competitive knowledge of leading players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with furniture manufacturers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

1. Research Methodology
2. Analyst View
3. Global Furniture Market Overview
4. India Furniture Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Raw Material Type
4.2.2. By Sector
4.2.3. By End User Industry
4.2.4. By Company
5. India Home Furniture Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Raw Material Type
5.2. Furniture Price Points
5.3. Market Competition Outlook
6. India Office Furniture Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Raw Material
6.3. Furniture Price Points
7. India Institutional Furniture Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value
8. Supply Chain Management
9. Import / Export Scenario
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
11.1. Increasing Online Marketing
11.2. Do it Yourself Market
11.3. Outsourcing of Manufacturing Operations
11.4. Market Consolidation
11.5. Medium Density Fibreboard
12. Policy & Regulatory Landscape
13. India Economic Profile
14. Competitive Landscape
14.1. Comparative Landscape
14.2. Company Profiles
14.2.1. Godrej Interio
14.2.2. Nilkamal Limited
14.2.3. Wipro Consumer Care & Lighting group
14.2.4. Durian Office Furniture Private Limited
14.2.5. Zuari Furniture Products
14.2.6. Damro Furniture Pvt. Ltd.
14.2.7. Featherlite Office Systems Pvt. Ltd.
14.2.8. BP Ergo
14.2.9. Haworth India Pvt. Ltd.
14.2.10. Dynasty Modular Furniture Pvt. Ltd.
15. Strategic Recommendations

List of Figures


Figure 1: Global Furniture Market Size, By Value, 2009-2019F (USD Billion)
Figure 2: Global Furniture Market Share, By Segment, By Value, 2013
Figure 3: India Furniture Market Size, By Value, 2009-2019F (USD Million)
Figure 4: India Real Estate Market Size, By Value, 2011-12 & 2019-20F (USD Billion)
Figure 5: India per Capita Income, 2009, 2012 (USD)
Figure 6: India Premium Furniture Market Share, By Segment, By Value, 2013
Figure 7: India Furniture Market Share, By Raw Material, By Value, 2013
Figure 8: India Furniture Market Share, By Raw Material, By Value, 2019F
Figure 9: Urban Households in India, 2001 & 2011 (Million)
Figure 10: Rented Households in India, 2001 & 2011 (Million)
Figure 11: India Furniture Market Share, By Sector, By Value, 2013
Figure 12: India Furniture Market Share, By Sector, By Value, 2019F
Figure 13: India Furniture Market Share, Organized Vs. Unorganized Sector, By Value, 2009, 2011 &2013
Figure 14: India Furniture Market Share, By Type, By Value, 2013
Figure 15: India Furniture Market Share, By Type, By Value, 2019F
Figure 16: Number of Households in India, 2001, 2011 (Million)
Figure 17: Urban & Rural Households with 3 to 4 Dwelling Rooms in India, 2001 & 2011 (Million)
Figure 18: Urban & Rural Households with 2 to 3 Dwelling Rooms in India, 2001, 2011 (Million)
Figure 19: India Furniture Market Share, By Company, By Value, 2013
Figure 20: India Furniture Market Share, By Company, By Value, 2019F
Figure 21: India Home Furniture Market Size, By Value, 2009-2019F (USD Million)
Figure 22: India Construction Market Size, By Value, 2010, 2020F (USD Billion)
Figure 23: India Home Furniture Market Share, By Raw Material Type, 2013
Figure 24: India Home Furniture Market Share, By Raw Material Type, 2019F
Figure 25: India Home Furniture Market Size, By Value, 2009-2019F (USD Million)
Figure 26: IT Companies in India, By State, 2011
Figure 28: Per Capita Income in India, By State, 2012-13 (USD)
Figure 29: India Office Furniture Market Share, By Raw Material, By Value, 2012
Figure 30: India Office Furniture Market Share, By Raw Material, By Value, 2019F
Figure 31: India Institutional Furniture Market Size, By Value, 2009-2019F (USD Million)
Figure 32: Percentage Change in Foreign Tourist Footfall, 2010-12
Figure 33: India Furniture Supply Chain Management Flowchart
Figure 34: Furniture Market Supply Chain in India, By Profit Margins, 2014
Figure 35: India Furniture Imports, By Value, 2008-2012 (USD Million)
Figure 36: India Furniture Export, By Value, 2008-2012 (USD Million)
Figure 37: India Real Estate FDI as a Percentage of Total FDI, 2006-07, 2010-11
Figure 38: Real Estate Residential Demand in India from Tier I & II Cities, 2010-14 (‘000 units)
Figure 39: Number of Foreign Tourists in India, 2000-12 (Million)
Figure 40: India Urban Population Size, 1990, 2000 & 2010 (Million)
Figure 41: India per Capita Income, 2009, 2012 (USD)
Figure 42: India Unorganized Furniture Market Share, 2009, 2011, 2013
Figure 43: Physical Vs. Online Selling, By Cost Comparison
Figure 44: India E-commerce Market Size, By Value, 2009, 2012 & 2013 (USD Billion)
Figure 45: India Internet Users, 2006, 2009, 2012 & 2013 (Million)
Figure 46: Nilkamal Exports, By Value, 2011-12 & 2012-13 (USD Million)
Figure 47: Nilkamal Total Revenues, 2011-12 & 2012-13 (USD Million)
Figure 48: Nilkamal Operating Profit, 2011-12 & 2012-13 (USD Million)
Figure 49: Nilkamal Net Profit, 2011-12 & 2012-13 (USD Million)
Figure 50: WCCLG Revenue in India, Furniture Segment, Premium Furniture Segment, 2012-13 (USDMillion)
Figure 51: Indian Furniture Products Limited (IFPL) Manufacturing Unit Details, By Investment, By Production Capacity

List of Tables

Table 1: List of Furniture Wood Type, By Usage
Table 2: Unorganized Furniture Markets in India, By Location, By Metro City
Table 3: High Rise Buildings in India, Upcoming Major Projects, 2014-2017F
Table 4: Major Residential Projects in India, By Real Estate Developer, 2012
Table 5: Godrej Interio Revenue Share, By Region, 2013
Table 6: Average Sofa Prices in India, By Company, 2014 (USD per Unit)
Table 7: Average Wardrobe Prices in India, By Company, 2014 (USD per Unit)
Table 8: Average Bed Prices in India, By Company, 2014 (USD per Unit)
Table 9: Average Table Prices in India, By Company, 2014 (USD per Unit)
Table 10: Average Dressing Table Prices in India, By Company, 2014 (USD per Unit)
Table 11: Average Chair Prices in India, By Company, 2014 (USD per Unit)
Table 12: Average Cabinet Prices, By Company, 2014 (USD per Unit)
Table 13: Average Wall Unit Prices in India, By Company, 2014 (USD per Unit)
Table 14: Average Furniture Prices in India, By Category, By Company, 2014 (USD per Unit)
Table 15: Average Office Chair Prices in India, By Company, 2014 (USD per Unit)
Table 16: Average Office Table Prices in India, By Company, 2014 (USD per Unit)
Table 17: Average Office Furniture Prices in India, By Company, By Category, 2014 (USD per Unit)
Table 18: Average Office Table Prices in India, By Company, By Category, 2014 (USD per Unit)
Table 19: India Major Hospital Projects in Execution, By Value, By State, 2013- 2016F (USD Million)
Table 20: India Major Institutional Projects, By Company, By Institutions
Table 21: India Furniture Manufacturers Distributors Network, By Company, By Region, By Export &Import Destinations
Table 22: India Furniture Import Value, By Source Destination, 2011-12 & 2012-13 (USD Million)
Table 23: India Furniture Export Value, By Source Destination, 2011-12 & 2012-13 (USD Million)
Table 24: India Furniture Importers, By Product, By Source of Import
Table 25: India Furniture Exporters, By Products, By Source of Export
Table 26: Major AFMT Members, By Location
Table 27: Major AFMI Members, By Location
Table 28: Major Furniture Import, By Type
Table 29: India Furniture Imports Custom Duty, 2014
Table 30: India Furniture Manufacturers Details, By Products, Manufacturing Units, By Production Capacity
Table 31: Nilkamal, Financial Ratio Analysis, 2011-12 & 2012-13


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