Market Trends of India Office Furniture Industry
This section covers the major market trends shaping the India Office Furniture Market according to our research experts:
Increase in The Number of Office Furniture Imports
India is one of the largest importers of office furniture in the world. India's furniture imports are growing mainly due to lack of modernization and innovative design, lack of skilled labor, limited market access, and lack of quality control in the domestic furniture industry. The market outlook for imported office furniture is on the rise. India majorly imports from China, Vietnam, Indonesia, Italy, and Thailand.
MNCs like Teknion has appointed sub-contractors for the installation of its furniture solutions as the company imports furniture from its plants in Malaysia. Similarly, in the branded segment Durian sells imported furniture through 40-odd outlets. The advent of e-commerce platforms in the B2B space has further facilitated placing overseas orders. Chinese furniture is also becoming the trend due to the increasing cost of good quality local timber which is in short supply. According to industry estimates, there are currently about 10,000 dealers who import office furniture in India.
Wood is the Most Widely Used Product for Office Furniture Production
Various types of raw materials are used for making furniture in India. The key raw materials include wood, metal, and plastic, with bamboo and cane also being used in some cases. However, wood accounts for nearly 65 percent of all furniture made in India. Wood furniture is preferred in offices as it lasts longer than other materials. For instance, Solid wood and plywood both are widely used in the construction of executive desks. Solid wood gives a high-class appeal to the office desks and plywood is used in rounding up the log which provides the shiny appearance to the surfaces.
The executive desks in the office also require quality and class which can only be derived with solid wood. Sturdy and durable woods are taken into account for the construction of executive desks. Some of the most preferred wood types for construction of office furniture products include cherry, oak, maple, mahogany, and walnut are best suitable and their preferred color ranges vary from light ash to deep red.
