Furniture Industry Analysis
The traditional furniture market has improved the demand for wood in the manufacturing of furniture in India. From the last few years, the demand for wooden goods at home because nowadays, woods are using for the cupboards, decorating and other purposes. It is also observed that the demand for engineered wood has also been increased in the metropolitan cities,
The availability of engineered wood is arranging by the various distribution channels. It gives ease to the customer to buy furniture products. The development of the housing sector in the metro cities is the major growth of the furniture industry in India.
There are a few major players in the furniture industry. The major players include Godrej, Zuari, Durian, Nilkamal, Featherlite, and many more.
Market Size and Forecast
Indian Furniture Market rate has been driven by numerous attributes in urban cities. As the increase in the rising demand for durable and hybrid seating furniture. The rising growth of the wood industry is expected to propel in India.
The rise in the trend of online and mobile shopping also increased the demand for the furniture industry through online channels. Various furniture companies such as Pepperfry, Urban Ladder creating a huge demand through online channels.
The demand for low-cost plastic has increased in the commercial sector. Indian Furniture Market fosters the growth of low-cost Furniture Products over the period, However, the low-cost furniture products decrease the revenue of major market players. These factors are believed to bolster the growth of the Indian Furniture Market.