INDIA OFFICE FURNITURE MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2028)

 During the forecast period, India's market for office furniture is anticipated to expand rapidly. The market is expanding significantly as a result of factors like the expanding Indian economy and the resulting rise in demand for office space.

The emphasis on building homes and offices is anticipated to continue in the near future, pointing to continuing expansion for the office furniture sector. In addition, the government's measures to make conducting business easier are helping the corporate sector in India grow. In addition to the demand for additional office space, the remodelling of existing workplaces also drives the demand for office furniture.

One of the biggest markets for office furniture imports worldwide is India. The rise in furniture imports into India is mostly attributable to the local furniture industry's lack of modernization, inventive design, trained labour, market access, and quality control. The outlook for the market for imported office furniture is improving. China, Vietnam, Indonesia, Italy, and Thailand are the top exporters to India.

In India, furniture is produced from a variety of raw materials. Wood, metal, and plastic are the main basic materials, though occasionally cane and bamboo are also utilised. But around 65 percent of the furniture produced in India is made of wood. Offices love wood furniture because it lasts longer than other types of furniture. For instance, executive desks are frequently built using both solid wood and plywood. Office desks made of solid wood have a high-class appeal, and the plywood used to round up the log gives the surfaces a polished aspect. 

Major Players: Nilkamal, Durian, and Damro

Read The Full Market Report






Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more