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Oldest Newest Most Voted. Inline Feedbacks. Pratik Sharma. Reply to Nish. Hi Nish, you can try searching the hs code on many websites which provide this data of past years Pratik. Reply to Pratik Sharma. Manohar Gopal. Eshan mahajan. Reply to Manohar Gopal. Can you gove me your contact no. We hce a retail store of furniture. Reply to Eshan mahajan.
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Drone PLI: A flight towards self-reliance. Request Insights. Furniture refers to the movable objects that support various human activities such as seating, eating and sleeping. They are also used to hold objects at a convenient height for work or to store things. Furniture is a product of design and it is also considered as a form of decorative art. Furniture can be made from various materials such as metal, plastic and wood. Further, people have been using natural objects such as tree stumps, rocks and moss as furniture since the beginning of human civilization.
Archaeological research shows that, people began constructing and carving their own furniture using wood, stone and animal bones. Moreover, the popularity of traditional furniture has strengthened the demand for wood in the manufacturing of furniture in India. Over the past few years, the utilization of wooden goods in home has increased as people have started using wood for furnishing cupboards, decorating and for other purposes.
Apart from this, the demand for engineered wood furniture is rising in metro cities such as Delhi, Mumbai, Bangalore and other major cities. The reason behind this is the rising popularity of ready to assemble home furniture in these cities. The availability of engineered wood furniture through various distribution channels provides ease to the customer to buy furniture products.
Moreover, the demand for modular and elegant furniture is growing in urban cities of India. The development in housing sector and rapid growth of metro cities is changing the living standards and lifestyle of the population. Further, there are few number of market players in furniture industry, compared to the unorganized market players. The big players include Godrej, Zuari, Durian, Nilkamal, Featherlite and others have their good market presence in furniture industry in India.
The market is expected to expand at a CAGR of India furniture market growth is driven by various attributes such as rising trend for modular and state of the art furniture among the population living in urban cities, growing urbanization in Indian states, rising demand for durable and hybrid seating furniture.
Moreover, the rising growth of wood industry in India further compensates the price of furniture. On the back of these factors the furniture industry is expected to propel in India. Further, the rising trend of online and mobile shopping in India is envisioned to bolster the demand for furniture through online channels.
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.
The ease of business doing policies in India gives rise to new businesses across the country. In addition, these increasing numbers of small and medium businesses further boost the demand for low cost plastic furniture products. This factor is believed to foster the growth of India furniture market over the forecast period. Rapid urbanization in India and growing demand for modular and compact furniture is expected to positively impact the growth of furniture market in near future.
Employment opportunities. Latest developments. The Indian furniture industry is estimated at around Rs 35, crore Rs billion. Eighty-five per cent of this falls into the unorganised sector. Classified under RED category. Aluminium industry , Cement industry , Construction industry , Copper industry , Dairy industry , Diamond industry , Fashion industry , Fertilizer industry , Film industry , Granite industry , Health care industry , Jewellery industry , Mining industry , Oil industry , Paint industry , Paper industry , Power industry , Printing industry , Rubber industry , Silk industry , Soap industry , Steel industry , Sugar industry , Textile industry , Tabacco industry , Zinc industry.
Automobile industry , Cotton industry , Hotel industry , Jute industry , Pharmaceutical industry , Tractor industry , Weaving industry.
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