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Home > Business > Business Headline > Report

All about the Indian furniture industry

Strategist Team in Mumbai | March 21, 2006 09:48 IST

The Indian furniture industry is estimated at around Rs 35,000 crore (Rs 350 billion). Eighty-five per cent of this falls into the unorganised sector.

  • The share of the wooden furniture market is around Rs 60 crore (Rs 600 million).
  • The world home furniture market is worth Rs 20,000 crore (Rs 200 billion). During the past three years, it grew by 20 per cent a year.
  • According to a World Bank study, the organised furniture industry is expected to grow by 20 per cent a year and India, Russia and Brazil will witness a boom.
  • The range of indigenous furniture available in India includes both residential and contract system furniture, with an increased concentration in office and kitchen furniture.
  • Manufacturers in India generally use a three-tier selling and distribution structure, comprising the distributor, wholesaler and retailer.
  • India was the biggest furniture importer in 2004-05, with a 17 per cent share in furniture imports worldwide. A total of 10,476 importers shipped furniture to India during this period.
  • The current imports are mainly from Italy, Germany, Spain, China, Korea, Malaysia, Indonesia, the Philippines and Japan.
  • The furniture market in India is mainly concentrated in A, B and C cities (the top 589 cities).
  • It has been estimated that the top 784 urban centres contribute 41 per cent to the total consumer furniture market. A and B type cities together contribute 33 per cent of the total market.

KIT by KSA Technopak

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Number of User Comments: 1

Sub: Indian furniture industry guide

One would have thought that with such a huge population of unemployed, running into the hundreds of millions, such labour intensive manufacturing like furniture would ...

Posted by labrea



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