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India Furniture Market, Impact of COVID-19, Industry Size, Growth Trends, Opportunity Company Analysis, Financial Insight

  • ID: 5354547
  • Report
  • June 2021
  • Region: India
  • Renub Research

FEATURED COMPANIES

  • Century Plyboards India
  • Godrej Industries
  • Nilkamal
  • Parin Furniture
  • MORE
India is a place for unique and excellent creative work of furniture. The Indian furniture industry is popular in the nation and internationally because of its rich handicraft and attractive traditional art and design. The Indian Furniture market has evolved over time. It has broadened its market from chair and table to designed interiors like wardrobe or sofas. Furniture has been an essential part of an Indian household for centuries. The major part of the Indian furniture industry accounts in the unorganized sector.



In India, a wide variety of raw materials are used in the production of furniture like Wood, Plastic, Cane, Bamboo, Metal, and Others. Around the world, wood furniture contributes largest segments because of its numerous varieties of indigenous wood and imported wood. Nowadays, Bamboo woods are also becoming popular in place of plywood. Indian wood is known for its traditional and esthetic work. States like Kerala, Gujarat, Uttar Pradesh, Kashmir, and Punjab are commercial centers for their wonderful decorating, turning, and great finishing of their work. As per this research report, the India Furniture Market was US$ 17.77 Billion in 2020.

These days' customers also have the convenience to order furniture both online and offline - increase in digitization and flexibility of home delivery with customization option surging the online India furniture market. The companies like Pepper fry, Urban ladder and others are generating significant revenue through online platforms. At the same time, surging trends of online shopping are pushing the traditional furniture manufacturers, say Godrej, Nilkamal to introduce and sell their products through online medium. As anticipated, the India Furniture Industry Growth will be a double-digit CAGR of 13.37% during 2020-2026.

India furniture market includes production of a wide range of furniture related to office, bedroom, kitchen, garden, school furniture and hospitals. Factors driving the Indian furniture market are growing disposable income with an increase in the economy, Expansion of the real estate and housing sector, Rising growth in the information technology and services sectors. Besides, other contributing factors are the remarkable growth of the mass media resulting in millions of middle-class Indians aiming for improved lifestyles, increasing desire for stylish homes in compact apartments. According to the publisher, India Furniture Market Size is growing rapidly, and it is expected to be USD 37.72 Billion by the end of the year 2026.

COVID-19 Pandemic Impact on India Furniture Industry

The furniture market has witnessed tremendous growth in online order due to pandemic and lockdown. The COVID-19 pandemic has happened during the initial days of 2020 has changed the furniture industry on a huge scale. The supply chain disruption and the temporary ban on global trade have highly affected the countries with high dependencies on imports for their furniture needs. The COVID-19 pandemic has also conceptualized the importance of dropping the dependence on imports and improving digitalization and automation in this industry.

This report titled “India Furniture Market by Industry Type (Organized, Un-Organized), by Ordering Method (Online, Offline), By Material Type (Wood, Plastic, Cane & Bamboo, Metal, Others), By End Users (Residential/Home, Office, Hospitality), By Products (Beds, Wardrobes/Storage, Sofas, Others), By Company (Nilkamal, Parin Furniture, Omfurn India, Century Plyboards India, Godrej Interio, Urban Ladder, Pepperfry)” provides a complete analysis of India Furniture Industry.

Industry Type - Market breakup from 2 viewpoints
  • Organized
  • Un-Organized
Ordering Method - Market breakup from 2 viewpoints
  • Online
  • Offline
Material Type - Market breakup from 5 viewpoints
  • Wood
  • Plastic
  • Cane & Bamboo
  • Metal
  • Others
End Users - Market breakup from 3 viewpoints
  • Residential/Home
  • Office
  • Hospitality
Products - Market breakup from 4 viewpoints
  • Beds
  • Wardrobes/Storage
  • Sofas
  • Others
All companies covered from 3 viewpoints
  • Overviews
  • Recent Developments
  • Revenues
Company Covered in this Report

1. Nilkamal
2. Parin Furniture
3. Century Plyboards India
4. Godrej Industries
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Century Plyboards India
  • Godrej Industries
  • Nilkamal
  • Parin Furniture
  • MORE
1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Market Drivers
4.2 Challenges

5. India Furniture Market & Forecast

6. Market Share - India Furniture Analysis
6.1 By Industry Type
6.2 By Ordering Method
6.3 By Material Type
6.4 By End Users
6.5 By Products

7. Industry Type - India Furniture Market
7.1 Organized
7.2 Un-Organized

8. Ordering Method - India Furniture Market
8.1 Online
8.2 Offline

9. Material Type - India Furniture Market
9.1 Wood
9.2 Plastic
9.3 Cane & Bamboo
9.4 Metal
9.5 Others

10. End Users - India Furniture Market
10.1 Residential/Home
10.2 Office
10.3 Hospitality

11. Products - India Furniture Market
11.1 Beds
11.2 Wardrobes/Storage
11.3 Sofas
11.4 Others

12. Company Analysis
12.1 Nilkamal
12.1.1 Overview
12.1.2 Recent Devlopments
12.1.3 Revenue Analysis
12.2 Parin Furniture
12.2.1 Overview
12.2.2 Recent Devlopments
12.2.3 Revenue Analysis
12.3 Century Plyboards India
12.3.1 Overview
12.3.2 Recent Devlopments
12.3.3 Revenue Analysis
12.4 Godrej Industries
12.4.1 Overview
12.4.2 Recent Devlopments
12.4.3 Revenue Analysis

List of Figures:
Figure-01: India Furniture Market (Million US$), 2016 - 2020
Figure-02: Forecast for - India Furniture Market (Million US$), 2021 - 2026
Figure-03: Industry Type - Organized Market (Million US$), 2016 - 2020
Figure-04: Industry Type - Forecast for Organized Market (Million US$), 2021 - 2026
Figure-05: Industry Type - Un-Organized Market (Million US$), 2016 - 2020
Figure-06: Industry Type - Forecast for Un-Organized Market (Million US$), 2021 - 2026
Figure-07: Ordering Method - Online Market (Million US$), 2016 - 2020
Figure-08: Ordering Method - Forecast for Online Market (Million US$), 2021 - 2026
Figure-09: Ordering Method - Offline Market (Million US$), 2016 - 2020
Figure-10: Ordering Method - Forecast for Offline Market (Million US$), 2021 - 2026
Figure-11: Material Type - Wood Market (Million US$), 2016 - 2020
Figure-12: Material Type - Forecast for Wood Market (Million US$), 2021 - 2026
Figure-13: Material Type - Plastic Market (Million US$), 2016 - 2020
Figure-14: Material Type - Forecast for Plastic Market (Million US$), 2021 - 2026
Figure-15: Material Type - Cane & Bamboo Market (Million US$), 2016 - 2020
Figure-16: Material Type - Forecast for Cane & Bamboo Market (Million US$), 2021 - 2026
Figure-17: Material Type - Metal Market (Million US$), 2016 - 2020
Figure-18: Material Type - Forecast for Metal Market (Million US$), 2021 - 2026
Figure-19: Material Type - Others Market (Million US$), 2016 - 2020
Figure-20: Material Type - Forecast for Others Market (Million US$), 2021 - 2026
Figure-21: End User - Residential/Home Market (Million US$), 2016 - 2020
Figure-22: End User - Forecast for Residential/Home Market (Million US$), 2021 - 2026
Figure-23: End User - Office Market (Million US$), 2016 - 2020
Figure-24: End User - Forecast for Office Market (Million US$), 2021 - 2026
Figure-25: End User - Hospitality Market (Million US$), 2016 - 2020
Figure-26: End User - Forecast for Hospitality Market (Million US$), 2021 - 2026
Figure-27: Product - Beds Market (Million US$), 2016 - 2020
Figure-28: Product - Forecast for Beds Market (Million US$), 2021 - 2026
Figure-29: Product - Wardrobes/Storage Market (Million US$), 2016 - 2020
Figure-30: Product - Forecast for Wardrobes/Storage Market (Million US$), 2021 - 2026
Figure-31: Product - Sofas Market (Million US$), 2016 - 2020
Figure-32: Product - Forecast for Sofas Market (Million US$), 2021 - 2026
Figure-33: Product - Others Market (Million US$), 2016 - 2020
Figure-34: Product - Forecast for Others Market (Million US$), 2021 - 2026
Figure-35: Nilkamal - Global Revenue Market (Million US$), 2016 - 2020
Figure-36: Nilkamal - Forecast for Global Revenue Market (Million US$), 2021 - 2026
Figure-37: Parin Furniture - Global Revenue Market (Million US$), 2016 - 2020
Figure-38: Parin Furniture - Forecast for Global Revenue Market (Million US$), 2021 - 2026
Figure-39: Century Plyboards India - Global Revenue Market (Million US$), 2016 - 2020
Figure-40: Century Plyboards India - Forecast for Global Revenue Market (Million US$), 2021 - 2026
Figure-41: Godrej Industries - Global Revenue Market (Million US$), 2016 - 2020
Figure-42: Godrej Industries - Forecast for Global Revenue Market (Million US$), 2021 - 2026

List of Tables:
Table-01: India - Furniture Market Share by Industry Type (Percent), 2016 - 2020
Table-02: India - Forecast for Furniture Market Share by Industry Type (Percent), 2021 - 2026
Table-03: India - Furniture Market Share by Ordering Method (Percent), 2016 - 2020
Table-04: India - Forecast for Furniture Market Share by Ordering Method (Percent), 2021 - 2026
Table-05: India - Furniture Market Share by Material Type (Percent), 2016 - 2020
Table-06: India - Forecast for Furniture Market Share by Material Type (Percent), 2021 - 2026
Table-07: India - Furniture Market Share by End Users (Percent), 2016 - 2020
Table-08: India - Forecast for Furniture Market Share by End Users (Percent), 2021 - 2026
Table-09: India - Furniture Market Share by Product (Percent), 2016 - 2020
Table-10: India - Forecast for Furniture Market Share by Product (Percent), 2021 - 2026
Note: Product cover images may vary from those shown
  • Nilkamal
  • Parin Furniture
  • Century Plyboards India
  • Godrej Industries
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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