Global Market Research Reports : Ken Research: Furniture Sales in Jakarta

Wednesday, September 27, 2017

Indonesia Furniture Market by Revenue is expected to reach USD 5,000 Million by 2021: Ken Research

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:

https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/indonesia-home-furniture-market/141094-95.html

Related Reports by Ken Research

https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/india-furniture-market-research-report/8520-95.html

https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/china-furniture-market-report/35851-95.html

https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/malaysia-furniture-market-report/7201-95.html

Contact:

Ken Research

Ankur Gupta, Head Marketing & Communications

query@kenresearch.com

+91-124-4230204

Tuesday, September 26, 2017

Entrance of Global Players and Increasing Demand for Modular Furniture to Foster Indonesia Furniture Market Future Growth: Ken Research

Influx of foreign brands, rising domestic demand for handcrafted and modern furniture, growing middle class population with increasing disposable income and entrance of global manufacturers and retailers are the major factors which are expected to fuel Indonesia furniture market in future.

Ken Research announced its latest publication on “Indonesia Furniture Market by Type (Home, Office, Hotel & Industrial), by Sales (Domestic & Export) and by Cities – Outlook to 2021” suggested 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.

The highly competitive furniture market of Indonesia is inclusive of both online and offline retailers, which offer the best quality to the customers at cut-throat prices. Furniture market players operating in the country used both locally and internationally available raw materials, which included the traditional rattan and the high quality teak, mahogany and redwood. Rising real estate developments to cater the growing population raised the demand for furniture market players, which offered both traditional and modular products as a part of their product portfolio. The demand for furniture also augmented due to the growing tourism in various regions of Indonesia, where setting up of hotels and resorts in Bali was among the major market drivers.

With the increased demand for modern furnishings by the domestic people, the country witnessed an increase in the number of foreign furniture giants entering the metro regions of Indonesia. IKEA, Informa, Da Vinci Group and Lio collection were among the major furniture market players that penetrated the market in a short span of time. Increasing demand for home furniture, which was majorly driven by the living room furniture sales due to the expenditure incurred by the population for buying modern products, ultimately surged the revenues generated by market players during the review period.

Rising number of furniture retail outlets by both organized and unorganized market players, from 3,900 stores in 2012 to 4,090 stores by 2014, assisted in the augmentation of furniture market revenues during the review period. Expansion of existing market players to the untapped regions of Bogor, Depok and Bekasi also raised the customer base of these companies.

Key Topics Covered in the Report:

IKEA Furniture Sales in Indonesia

Wooden Furniture Industry Indonesia

Furniture Manufacturing Plant in Indonesia