Today India’s online furniture industry is expected to become very significant in these current and upcoming years. Now that time is gone where people have to go for purchasing the overall furniture from their home or office or to give orders to make any furniture stuff. This era is digitized era. Everything is available for your delivery at a single click of button.
In this post we will see that what is the overall scenario of the Indian Online furniture industry -
- Indian online furniture market is worth 140000 crore rupees. It is basically very competitive and decentralised segment market.
- India’s furniture industry is expected to have the current growth rate of 20% for the next five years and the overall stock furniture is expected to reach at the more than 35 billion USD.
- In last year at 2017, the current market score was 15000 crore increment in profits and the home decor furniture industry is expected to have the worth of 50% CAGR. Home furniture industry is the fastest grown furniture industry in all over India.
- Internet is also becoming the net income source of furniture dealing companies and the overall 40-50% repeat customers are from the smartphone devices.
- At last as per according to the Make in India campaign it has been decided to declare and launch many new initiatives for furniture and it is promised to make India the third largest economy by 2030.
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by - wooden furniture online