Market Trends of Indonesia Furniture Industry
Growing Tourism in Indonesia is Driving the Market
Tourism in Indonesia is an essential component of the Indonesian economy and a significant source of its foreign exchange revenues. The demand for the furniture was also augmented due to the growing tourism in various regions of Indonesia, where the setting up of hotels and resorts in Bali was among the major market drivers. The increasing hospitality sector due to expanding tourism in Indonesia is expected to augment the furniture market revenues due to the rising demand for luxurious furniture by hotels set up in the country. Foreign tourist arrivals in Indonesia jumped 364.31 percent to 678.5 thousand in October 2022, boosted by further easing of COVID-19 restrictions and intense preparation for the G20 summit in November.
Growing Demand for Bedroom Furniture
The furniture industry in Indonesia has long been one of the world's largest in terms of furniture manufacturing and furniture exporting. The furniture in this bedroom furniture market segment ranges from beds with mattresses of different shapes and sizes to clothes closets, nightstands, and dressers. Economic growth and rising household incomes are a few factors encouraging users to spend on commodities, including furniture, increasing the demand for bedroom furniture in recent years. Furniture market players operating in the country used both locally and internationally available raw materials, including traditional rattan and high-quality teak, mahogany, and redwood.
