Indonesia Furniture Market
Segmentation by (Organized, Unorganized), by End Users (Home, Office, Hotel,
Industrial), by Cities (Jakarta, Tangerang, Bekasi, Depok, Bogor), by Product
Categories (Bedroom, Living Room, Dining Room, Kitchen), by major players
(IKEA, Informa, Fabelio, High Point Group, Da Vinci Group, Republic Furniture
Jepara, Olympic Group, Wisanka Indonesia, VIVERE, Raisa House of Excellence,
Lio Collection)
- Furniture Market in Indonesia is expected to gain high revenue in the future due to expanding customer base across all regions of the country.
- Rising demand for modern and expensive furniture due to rising middle class population in Indonesia is expected to assist market in growing its revenue.
- Growing numbers of domestic and global players in the space are anticipated to be among the major factors driving the overall furniture market in Indonesia.
The abundance of natural
resources with extensive plantations of bamboo and rattan in Indonesia are
anticipated to invite foreign entrants to cater the growing needs for furniture
in the country. The expansion of customer base for both domestic and global
players is projected to add revenues to the overall market at a rapid pace.
Lower monthly salaries ranging from USD 122.0 to USD 154.0 across various
regions in Indonesia is another factor which is expected to bring increasing
number of furniture manufacturing units to the country in the recent future.
More number of online market players catering to the rising demand for wooden
products and accessories is also estimated to stimulate the market revenues in
a positive manner. The launch of Fabelio in 2015, which is set to expand its
product line by offering more than 2,000 exclusively, designed quality
furniture and home decor in the coming years, in anticipation for the growth of
Indonesia’s overall furniture market.
Growing 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. Improving technology in manufacturing process, with respect
to precisions in cutting and designing wood, is expected to benefit the market
with more number of products being offered in various shapes and designs.
Ken Research in its latest
study, “Indonesia
Furniture Market by Type (Home, Office, Hotel & Industrial), by Sales
(Domestic & Export) and by Cities – Outlook to 2021” suggested that
a rapid growth in Indonesia furniture market, majorly driven by rising
disposable income of the people, thus demanding modern furnishings across
various sectors in the country. Influx of foreign brands and rising demand of
the population to purchase expensive furniture are attracting large number of
potential players to enter the space.
Indonesia furniture market
is estimated to register a positive CAGR growth during 2017-2021. The report
provides information on Indonesia Furniture Market Size by Revenue, Market
Segmentation - By Organized and Unorganized Sector; By End Users (Home, Office,
Hotels and Industrial); By Cities (Jakarta, Tangerang, Bekasi, Depok, Bogor and
Others), By Home Furniture, Snapshot on Indonesia Children’s Furniture Market,
Snapshot on Indonesia Kitchen Furniture Market, SWOT Analysis for Indonesia
Furniture Market and covering competitive landscape of major companies
including IKEA, Informa, Fabelio, High Point Group, Da Vinci Group, Republic
Furniture Jepar, Olympic Group, Wisanka Furniture, VIVERE, Raisa House of
Excellence and Lio Collection.
Key Topics Covered in the Report:
Asia Furniture Market
SWOT Analysis Furniture
Indonesia Home Furniture
Sales
Online Furniture Sales
Indonesia
Furniture Sales in Jakarta
Furniture Import Indonesia
Furniture Export Indonesia
Indonesian Furniture
Sector
Indonesian Furniture
Market
Furniture Industry in
Indonesia
Dining Room Furniture
Industry
Wooden Furniture Industry
Indonesia
For more information on the market research report please
refer to the below link:
Related Reports by Ken Research
Contact:
Ken Research
Ankur Gupta, Head
Marketing & Communications
+91-124-4230204
