Office Furniture Market in India 2017-2021

  • ID: 4255141
  • Report
  • Region: India
  • 70 pages
  • TechNavio
OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • DAMRO
  • Fab Furnish.com
  • Godrej & Boyce
  • IKEA
  • pepperfry.com
  • Wipro Furniture
  • MORE
The office furniture market in India is fragmented with the unorganized sector dominating the market. The unorganized sector is reported to account for over 75% of the office furniture market and the remaining is held by the organized sector. Earlier, the market was dominated by Indian companies; however, now there are many foreign players entering the Indian market. With more innovative designs flooding the market, the demand for modular offices is increasing.

The analysts forecast the office furniture market in India to grow at a CAGR of 20.11% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of office furniture market in India for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of office furniture in India.

This report, Office Furniture Market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors:

- Godrej & Boyce
- Featherlite
- Zuari Furniture
- Durian
- DAMRO

Other prominent vendors:

- hülsta
- Fab Furnish.com
- Nilkamal
- pepperfry.com
- Urban Ladder
- Wipro Furniture
- IKEA
- AFC SYSTEMS
- Boss's Cabin
- Stellar Furniture & Lifestyle

Market drivers:

- Direct sales approach
- For a full, detailed list, view the full report

Market challenges:

- Fluctuating prices of raw materials
- For a full, detailed list, view the full report

Market trends:

- Increase in number of office furniture imports
- For a full, detailed list, view the full report

Key questions answered in this report:

- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • DAMRO
  • Fab Furnish.com
  • Godrej & Boyce
  • IKEA
  • pepperfry.com
  • Wipro Furniture
  • MORE
Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Market landscape
  • Market dynamics attracting international players
  • Key recommendations for vendors
  • Market overview
  • Five forces analysis
Part 05: Market segmentation by Product
  • Office furniture market in India
  • Office seating furniture market in India 2016-2021
  • Office furnishing systems market in India 2016-2021
  • Office table furniture market in India 2016-2021
  • Office storage furniture market in India 2016-2021
  • Other office furniture market in India 2016-2021
Part 06: Market segmentation by material
  • Office furniture market in India by material 2016-2021
  • Wooden office furniture market in India 2016-2021
  • Plastic office furniture market in India 2016-2021
  • Metal office furniture market in India 2016-2021
Part 07: Decision framework

Part 08: Drivers and challenges
  • Market drivers
  • Market challenges
Part 09: Market trends
  • Increase in number of office furniture imports
  • "Make in India" initiative by the government
  • Changes in material preferences
Part 10: Vendor landscape
  • Competitive scenario
  • Competitive benchmarking
Part 11: Key vendor analysis
  • Godrej & Boyce
  • Featherlite
  • Zuari Furniture
  • Durian
  • DAMRO
Part 12: Other prominent vendors

Part 13: Appendix

List of abbreviations

List of Exhibits
Exhibit 01: Office furniture market in India 2016-2021 ($ billions)
Exhibit 02: Five forces analysis
Exhibit 03: Office furniture market in India by product segment 2016-2021 ($ billions)
Exhibit 04: Office furniture market in India by product segment 2016-2021(%)
Exhibit 05: Office seating furniture market in India 2016-2021 ($ billions)
Exhibit 06: Office furnishing systems market in India 2016-2021 ($ billions)
Exhibit 07: Office table furniture market in India 2016-2021 ($ billions)
Exhibit 08: Office storage furniture market in India 2016-2021 ($ billions)
Exhibit 09: Other office furniture market in India 2016-2021 ($ billions)
Exhibit 10: Office furniture market in India by material 2016-2021(%)
Exhibit 11: Office furniture market in India by material 2016-2021 ($ billions)
Exhibit 12: Wooden office furniture market in India 2016-2021 ($ billions)
Exhibit 13: Plastic office furniture market in India 2016-2021 ($ billions)
Exhibit 14: Metal office furniture market in India 2016-2021 ($ billions)
Exhibit 15: Key Initiatives
Exhibit 16: New initiatives under Make in India
Exhibit 17: Vendor Analysis
Exhibit 18: Key vendors- Strategic Initiatives overview
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • DAMRO
  • Fab Furnish.com
  • Godrej & Boyce
  • IKEA
  • pepperfry.com
  • Wipro Furniture
  • MORE
New Research Report - Office Furniture Market in India 2017-2021

The following companies are recognised as the key players in the office furniture market in India: Godrej & Boyce, Featherlite, Zuari Furniture, Durian, and DAMRO.

Other Prominent Vendors in the market are: hülsta, Fab Furnish.com, Nilkamal, pepperfry.com, Urban Ladder, Wipro Furniture, IKEA, AFC SYSTEMS, Boss's Cabin, and Stellar Furniture & Lifestyle.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is increase in number of office furniture imports. With the increase in the number of corporate offices in both tier 1 and tier 2 cities, India has become one of the largest importers of office furniture. India accounts for less than one-fifth of the world’s total office furniture imports.”

According to the report, one of the major drivers for this market is direct sales approach. Companies tend to purchase items directly from the manufacturer. Direct sales approach allows manufacturers to categorize the client and update them about the release of new products. Many companies operate through several branches across several cities in India. For instance, Zuari Furniture has approximately 800 plus dealers and is present in most of the major cities in India. Most of the vendors have a website that contains information about the product portfolio. This enables the customer to decide the type of the product required, which enables a faster sales cycle.

Further, the report states that one of the major factors hindering the growth of this market is fluctuating prices of raw materials. The wooden furniture segment is a dominant segment in both the home and the office furniture markets. Teak is the most widely used material in the office furniture industry constituting about 60% of the industry. The high number of teak imports, rising teak prices, and duties on these imports are some of the factors affecting the teak wood prices. India relies heavily on the import of teak wood from Myanmar. Thus, the export ban of raw teak in Myanmar has affected the Indian economy, further influencing price fluctuations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
  • Godrej & Boyce
  • Featherlite
  • Zuari Furniture
  • Durian
  • DAMRO
  • hülsta
  • Fab Furnish.com
  • Nilkamal
  • pepperfry.com
  • Urban Ladder
  • Wipro Furniture
  • IKEA
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll