Furniture Making

INTRODUCTION
The interiors industry is currently riding on the boom of the real estate industry which is the second largest employer in India after agriculture. As the interior industry is wide and mostly unorganized we can analyse through the performance of the real estate industry. Hence we can look at the overview of real estate industry. 80% of the real estate is into residential and remaining is into commercial such as retail, hospitality, industries, IT &ITeS, Banking, SEZ, etc. The growth in commercial properties is giving thrust to the contract market for their bulk needs.

PRODUCTS AND ITS APPLICATION
Furniture refers to movable objects intended to support various human activities such as seating (e.g., chairs, stools, and sofas), eating (tables), and sleeping (e.g., beds). Furniture is one of the main elements of a house. It enhances the visual appeal of your home with utter ease. In order to add comfort and beauty to your home, you should select high-quality furniture products. From wood to plastic, from metal to bamboos, furniture is made up of durable material that could withstand regular wear and tear.
Types of Furniture - Residential, Commercial, Schools, Hospitals etc

MARKET POTENTIAL
▶ According to one market survey home improvements (38%) and leisure holidays (37%) as the two pursuits Indian consumers are willing to indulge in.
▶ Many of the world's leading home fashion brands are available in India through domestic retail outlets. The market for home decor, including accessories, hardware, furniture and furnishings is estimated at USD 14.4 billion. Of this, only six percent is organised, representing a tremendous opportunity.
▶ The Indian furniture market is estimated to be worth Rs 350,000 million. Within this, the wooden furniture accounts for Rs 60,000 million.
▶ Of this the imported furniture market is currently worth Rs 6000 million and is growing at 50 - 60% each year.
▶ The IT and the ITES Segment have shown the real boom, and there is a change in the way the offices are being designed. In the words of an industry expert, even the small businesses are shifting from the traditional cabin and desking arrangement.
▶ The domestic market for furniture in India is about Rs 5,000 crore of which the office furniture forms about Rs 2,500 crore. Out of this the Rs 500 crore markets is made by the organized players which is growing at the rate of 30-40% a year.