All about the Indian Furniture Market

There's no denying the very fact that India is one among the fastest growing economies of the planet. Once considered to be a laggard within the world of trade and commerce, India is one among the most important markets for any company within the world and there is no stopping thereto. The country's emergence as a robust player within the economic field has led to an increased interest among investors and entrepreneurs to form a beeline for India. In fact, several companies like automobiles, textiles etc. are arising with products specifically targeting the Indian customer.

One segments of the Indian economy which has reaped an upscale harvest from the country's growth trajectory is that the furniture sector. Most leading international brands of furniture manufacturers are operating within the Indian market. Besides, Indian furniture exporters are having a gala time by catering to the increasing demands of the international markets.

Recent reports have claimed that the furniture industry of the country is generating an annual revenue of over and is slated to grow within the next few years. Indian furniture exporters are expected to usher in a big a part of this revenue.

Analysts have revealed that the industry is often divided into four major segments. These are office, residential, institutional and contractual. These segments are often further classified on the idea of specialization like furniture for bedroom, kitchen, front room etc. or on the idea of the fabric utilized in their making. Indian furniture exporters deal altogether these pieces.

Earlier, most furniture manufactured in India won’t to be made up of expensive woods like oak, mahogany, rosewood, walnut etc. Even fruit-woods and a number of other rare wood veneers were also used for creating such furniture. However, with most governments across the planet implementing stringent laws on the felling of trees and therefore the Indian government following suit, Indian manufacturers have shifted to other materials like plastic, metal and hybrid to form their pieces. Furniture exporters of the country are exporting such pieces also.

Wooden furniture remains being made by the Indian furniture manufacturer and he's using other sorts of tropical hardwood like shore a, roble, eucalyptus etc. Felling of those woods is controlled.

The Indian furniture manufacturer has been encouraged to supply more by the mall revolution which has taken most cities within the country by storm. Indian furniture companies now have specialized outlets in these malls from where they provide superior quality yet highly affordable furniture.

The Indian furniture industry comprises both the unorganized and arranged sector. While the previous sector caters to exclusive dealers and retailers and sometimes resorts to direct sales, the latter caters to exporters, wholesalers and franchisees. Indian furniture exporters also are known to acquire directly from the unorganized sector.

 

With the important estate sector of the country booming again, the Indian furniture manufacturer and exporter is predicted to witness a gala time within the near future as builders, architects, interior decorators and franchisee owners would buy furniture in increased quantities.