India Investment, Stocks, Credit Card and Retail Forum
Retail Forum of India => Indian Retail Forum and Discussion => Topic started by: retailmantra on April 04, 2010, 11:48:37 AM
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Indian Furniture market is estimated to be more than Rs. 60,000 cr. The industry is dominated by the unorganized sector, which constitutes 90% of the market. The organized furniture market is at 10% and growing at about 35% CAGR. Furniture segment comprises 65% of the home market & 35% of Institutions. The entire Home decor category spends, furniture accounts about 68% of the share while remaining 32% comprises of furnishings and home improvement. Imported furniture constitutes to 85% of the total organized furniture industry in the country.
India imports furniture from Italy, Germany, Spain, China, Korea, Malaysia, Indonesia and Philippines.
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And I conclude that 85 % was in the national production of furniture comes in the small size. This is the furniture industry that highly fragmented.