The office furniture market in India is fragmented with the unorganized sector dominating the market. The unorganized sector is reported to account for over 75% of the office furniture market and the remaining is held by the organized sector. Earlier, the market was dominated by Indian companies; however, now there are many foreign players entering the Indian market. With more innovative designs flooding the market, the demand for modular offices is increasing.
Technavio’s analysts forecast the office furniture market in India to grow at a CAGR of 20.11% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of office furniture market in India for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of office furniture in India.
Technavio's report, Office Furniture Market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • hülsta • Fab Furnish.com • Nilkamal • pepperfry.com • Urban Ladder • Wipro Furniture • IKEA • AFC SYSTEMS • Boss's Cabin • Stellar Furniture & Lifestyle
Market driver • Direct sales approach • For a full, detailed list, view our report
Market challenge • Fluctuating prices of raw materials • For a full, detailed list, view our report
Market trend • Increase in number of office furniture imports • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 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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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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