office furniture market in india 2015-2019
TRANSCRIPT
Covered in this Report• In this report, we cover the present scenario and the
growth prospects of the office furniture market in India for the period 2015-2019.
• We provide a comprehensive overview of the market in terms of retail sales and examine the scale, growth, and market size in detail.
• We also provide the size and growth of the organized and unorganized office furniture market in the country and analyze the growth of the following segments:
• Wooden office furniture • Plastic office furniture • Metal office furniture
• We include the vendor landscape and a corresponding detailed analysis of the key vendors in the market.
Office Furniture Market in India
2015-2019
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Market Overview• As of 2014, the furniture market in India was valued
at $18.79 billion in terms of revenue.
• The domestic furniture segment accounted for more than 60% of the overall market share.
• The other major segments in the furniture market include office furniture, contract furniture, and others.
• The domestic furniture segment comprises a wide range of furniture items used in furnishing and decoration of household spaces.
• Technavio’s analysts forecast the office furniture market in India to grow at a CAGR of 18.98% in revenue generated by the market over the period 2014-2019.
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Key Vendors and Regions
• Durian
• Featherlite
• Godrej & Boyce Manufacturing
• Stanley
• Zuari Furniture
View Our Report: Office Furniture Market in India 2015-2019
• India
Vendors Region
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Key Findings
• The competitive landscape of the market has become more intense over the years. Vendors realize that they have to increase their focus on customer retention and satisfaction, and product quality.
• Unlike luxury furniture, multifunctional furniture is more standardized, as it is manufactured and sold online and in brick and mortar stores.
• The demand for this type of furniture is expected to increase significantly because of a rise in startups in India.
• Vendors are required to enhance the functionality and design of their products to meet the customization needs of customers.
• Concerns over rapid deforestation and environmental degradation have risen in India. The government has, therefore, tightened environmental policies such as NAPCC and GIM to address issues pertaining to climate change and deforestation.
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Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Office Furniture Market in India 2015-2019
68 Pages | SKU: IRTNTR6009
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