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Furniture – A segment designed for steady growth
Imagine a home or office with bare walls and empty spaces. Now visualise the same floor area with ergonomic and aesthetic furniture, and the significance of furniture in an abode or work place becomes apparent.
As of 2015, the Indian furniture market was estimated at USD 17,922 million. Of this, Wooden Furniture accounted for USD 5,358 million. Home Furniture Manufacturers comprise the largest segment in the Indian Furniture market, with 65 per cent of furniture sales. Office Furniture Manufacturers have a 20 per cent share and the contract segment 15 per cent.
Suppliers to the home segment include Sofa Manufacturers and designers who focus on living room furniture sets. Those who own a large home with a dedicated dining room take pride in sourcing exclusive dining Room Furniture sets from reputed brands.
The choice of furniture, in terms of price range and design, is determined by the customer’s affluence and sense of aesthetics. The higher income group may focus on quality, while budget conscious consumers and those who are setting up their first home may opt for bare essentials in the living room and limit themselves to cheap bedroom furniture.
Several social and economic trends indicate that furniture is a sunrise segment. Increasing purchasing power of consumers, changing lifestyles, greater urbanization and availability of furniture in tier II and III cities continue to propel growth in Home Furniture sales. The increase in the number of back offices, BPOs and KPOs, and government initiatives such as Make in India have resulted in greater demand for office space with a corresponding increase in manufacture of office furniture.
Tammy Trade features a range of Office and Home Furniture from leading manufacturers and Furniture Suppliers. Register today as a Verified Seller and get access to hundreds of Genuine Buyers. Display products, receive enquiries and fulfil transactions online. Avail Value Added Services from our accredited partners for Packaging, Insurance, Logistics and Quality Checks.
Call our Relationship Managers on our toll free number 1-800-222-930. They will assist you with the registration process and guide you at every stage. We look forward to having you as a member of the Tammy Trade family.