As a “disorganized” sector of the furniture industry generates an approximate turnover of Rs 3,500 cr per year. Of these, the lion’s share goes to the wood furniture segment. According to recent statistics available, it is expected the Indian furniture industry to grow to 20%. The prospects are out that major international brands have begun to pay big investment in this sector.
Even Indian companies have begun to much of a completely new approach. Godrej & Boyce large companies such as Manufacturing Co. Ltd., Furniturewala, durian, Kian, Millenium Lifestyle, Truzo, Zuari, Yantra, Renaissance, etc. try to give the Indian furniture industry relatively better position worldwide.
In the midst of rapid urbanization, the need for new and better furniture is growing by leaps and bounds. Experts emphasize that there is a high demand for residential furniture. As more and more young people have a high purchasing power, they do not hesitate to experiment with new models and designs.
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