Furniture industry: A sunshine sector for India

 

Furniture industry: A sunshine sector for India

The Indian furniture market is now more customer-friendly. As per market demand, players are supplying readymade, branded furniture with low maintenance, which is quickly installable with customisation options. The Indian furniture manufacturing sector mainly caters to home, office & hospitality sectors. Though they try to meet domestic demand, India’s imports are growing at a rapid pace. With the fast growing and transforming retail sector, it is expected that large retailers will continue to expand their presence, leading to consolidation in furniture retailing in urban markets.

The Indian domestic furniture market is expected to expand at a CAGR of 12.91% during 2020-24. Various furniture companies such as Pepperfry, Urban ladder and others are creating huge demand from these online channels. Apart from this, the demand for low-cost plastic furniture is also increasing in commercial sector. Ease of doing business policies in India are giving rise to new business investments across the country. In addition, increasing numbers of small and medium businesses are further boosting the demand for low cost plastic furniture products. This is believed to bolster the growth of the Indian furniture market over the forecast period.

To grab this opportunity and make a very good career in Furniture Design Join ZIDA Bhubaneswar.
Plot-724, 1st Floor, Maharshi College Road, Saheed Nagar, Bhubaneswar, Odisha Call: 0674-2548833 | 9438755900 | 8328948815


Location: Plot No, 724, Maharishi College Rd, Saheed Nagar, Bhubaneswar, Odisha 751007, India

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