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Furniture Industry, Indian Furniture Industry, Furniture Industry in India, Furniture Industry India

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INDIAN FURNITURE INDUSTRY
Size of the Industry Geographical distribution Output per annum Percentage in world market 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 All the metropolititan cities The market of wooden furniture solely owns the share of nearly Rs 60 crore India was the biggest furniture importer in 2004-05, with a 17 % share in furniture imports worldwide.

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India is a land of wonderful and marvelous artistic work of wood which is being appreciated
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world wide. The rich Indian handicraft and beautiful traditional attributes of art and design have established a reputation of Indian Furniture Industry in the nation and worldwide to be appreciated by people. There are exceptional designs, rich, compact, and luxurious trends and, not the least, the supreme quality have given elegance to the furniture segment in the traditional as well as modern aspect.

Tradition in making lots of developments in the Indian furniture market is to make a luxury lifestyle statement. The old ‘charpais’ (string beds), inlaid ‘door jambs’, handcrafted ‘almaris’ (cupboards), ornate ‘jhulas’ (swings) and grandfather’s wooden ‘kursi’ (chair), wooden ‘takht’ (divans), old-fashioned round tables with bloated legs and ornamented master beds are back in furniture stores - and in homes as well. Often wood is recycled, culled from old discarded furniture and crumbling ‘havelis’ (traditional Indian mansions) in the villages and former princely chiefs that are being pulled down by real estate developers to make way for high rises.

Brief Introduction Indian Furniture Industry is considered as a "non organized" sector, with handicraft production accounts for about 85% of the furniture production in India. The furniture sector only makes a marginal contribution to the formation of GDP, representing just a small percentage. In the year 2000, India ranked 48th among furniture exporters and 49th among importers. This was due to the high import duty applied, and on the other hand, from the low technological level of Indian companies and the local tastes and traditions that influence the style of the products offered, making them difficult to export.

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000 crore and during the past three years. China. PSL Modular Furniture. the office furniture segment is the one that boasts the most important. to name few are Godrej & Boyce Manufacturing Co. both from the point of view of size and of the technological innovation of the production. Wood Products. Furniture and Fixtures carry a weight of 27.01 % in the total manufacturing sector. Indian Furniture Industry. Furniturewala.000 crores. Employment opportunities There are numerous opportunities in India for business of Furniture as the household has increased its income while the economy is reaching to new horizons of developments. the industry is expected to grow by 20 percent in coming times. Furniture Industry comprises Living Room Furniture Bedroom Furniture Kitchen Furniture Drawing Room Furniture Dining Room Furniture Entryway Furniture It is been estimated that the world home furniture market is worth Rs 20. There are opportunities like start up a business or work as an interior www. Millenium Lifestyles. Furniture segment comprises 65% of the home market & 35% of Institutions. Market Capitalization The Indian wooden furniture industry is able to generate approximately a turnover of Rs 3. Korea. This also covered living room furniture. The total production of furniture in 2001-02 according to Annual survey of Industry was USD 3580 million. the Indian furniture industry was estimated at around Rs 35. The visible consumption of furniture in India is estimated to be 15 USD per year per inhabitant but this average hides wide variation in populations and in cities. The entire Home decor category spends. Size of the industry Among all the types of furniture. However. Yantra. where the time required to start a business is more. Durian. it has become a hindrance for development of this industry. Top leading Companies The marked development of the Indian Furniture Industry has enhanced the leading foreign brands to budget in their confidence. as many as 14 of the 17 industry groups have shown positive growth as compared to the the previous years. The industry is dominated by unorganized sector. Furniture and Fixtures have shown a negative growth of 16. And as per one of the survey done recently. data for index of industrial production. Imported furniture constitutes to 85% of the total organized furniture industry in the country. Furniture Industry India During 2005.com/indian-industries/furniture. Tangent. 60.. The furniture industry employs a total of around 300. The world market now feels pleasure and confident to join hands with Indian Furniture brands. BP Ergo. Featherlite and Haworth and much more to add to the growth of the industry. furniture accounts about 68% of the share while remaining 32% comprises of furnishings and home improvement. Total contribution to the economy/ sales Indian Furniture Industry is estimated to be more than Rs. Truzo.indianmirror. This category has however shown a decline in recent some years. Two important reasons for this are: First India's large size and Secondly. Further. India has a favorable outlook to sell furniture and one expects the furniture industry to grow further in the coming years. India imports furniture from Italy. The prospect of the furniture sector in India seems positive. which constitutes 90% of the total Indian market.6/6/12 Furniture Industry. Renaissance. A recent on-field research has identified some 150 Indian companies not only as the furniture manufacturers and retailers but also banks. In the year 2006. Indian government is taking steps to minimize entry-exit barriers for foreign companies and government is facing pressure to liberalise the duty structure. Furniture Concepts.000 cr. The organized furniture market is at 10% and growing at about 35% CAGR. it grew by 20 % a year.500 crore annually. Ltd. N R Jasani & Company. hotels.7%. Kian. Indian Legislation on various ways of setting up business and on intellectual property rights exists as well as a lot of advantages for foreign companies to establish business alone or with partners in India . The market of wooden furniture solely owns the share of nearly Rs 60 crore. enterprises wishing to start commercial and/or industrial co-operation with EU counterparts. Malaysia. Indian Furniture Industry is a highly unorganized sector. Zuari. in comparison with other countries such as China and Mexico. The Indian demand for living room furniture has enjoyed steady growth over the years. Today in India Wood Products. The furniture industry in India employs a total of around 300.000 workers and the total production of furniture in 2001-02 was USD 3580 million. Germany. Spain. Furniture Industry in India.html 2/3 . Indian tastes have started to be more refined and Indian people are looking for more western furniture style. Indonesia and Philippines.000 workers.

Pearl industry. Soap industry. Textile industry. Furniture Industry India decorator of furniture. or the supplier of the furniture to the local market from the national market. Electronic industry. Paint industry.2012 www. Weaving industry Advertising industry. Agricultural industry. Malaysia. Food Processing industry. Jewellery industry. Copper industry. Rubber industry. the Philippines and Japan. Jute industry. Biscuit industry. During the past three years. Film industry.html 3/3 . IT industry. Real estate industry. Construction industry. Indonesia. The world home furniture market is worth Rs 20. with a 17 % share in furniture imports worldwide.com www. Diamond industry. Steel industry. comprising the distributor. Leather industry. Indian Furniture Industry. Oil industry. A total of 10. Hotel industry. Cotton industry. Biotechnology industry. Mutual fund industry. Printing industry. Railway industry. Shipping industry. Paper industry. Russia and Brazil will witness a boom.com/indian-industries/furniture.indianmirror. Korea. Germany.indianmirror. Spain. Silk industry. Fashion industry. Solar industry Classified under RED category Classified under ORANGE category Classified under GREEN category INDIAN INDUSTRIES Alphabetical List of Industries Enivornmental List of Industries Sectoral List of Industries Submit your press release Astrology . Fertilizer industry. Dairy industry.000 crore (Rs 200 billion). According to a World Bank study. with an increased concentration in office and kitchen furniture. Sugar industry.476 importers shipped furniture to India during this period. Indian range of indigenous furniture includes both residential and contract system furniture. Cottage industry. Power industry. Minimum qualification is required for any candidate to start up the job in this industry. Pharmaceutical industry. China. Garment industry. It has been estimated that the top 784 urban centres contribute 41% to the total consumer furniture market. Furniture Industry in India. Banking industry. The furniture market in India is mainly concentrated in A. Mining industry. Latest developments Indian share of the wooden furniture market is around Rs 60 crore (Rs 600 million). The current imports are mainly from Italy. it grew by 20 % a year. Music industry. Cement industry. wholesaler and retailer. Furniture industry. Chocolate industry. Poultry industry. A and B type cities together contribute 33% of the total market. Cosmetic industry. Indian manufacturers generally use a three-tier selling and distribution structure. India was the biggest furniture importer in 2004-05.6/6/12 Furniture Industry. Granite industry. Tractor industry. Aviation industry. B and C cities. Plastic industry. Insurance industry. Zinc industry Automobile industry. Tabacco industry. Updated: Jan 2011 Indian Industries Aluminium industry. Health care industry.Horoscope Home || Tell a Friend || Book Mark || Back || Sitemap || Contact us || Advertise with us All rights reserved © 1999 . the organised furniture industry is expected to grow by 20 % a year and India. Coir industry.

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