India BuildersJoineryandCarpentryOfWood Market (2024-2030) | Growth, Size, Companies, Industry, Share, Outlook, Analysis, Trends, Revenue, Value, Forecast

India Builders?Joinery?and?Carpentry?Of?Wood Market Synopsis

India is one of the largest producers of wood and has a vast potential for exporting of joinery and carpentry products. The Indian furniture market is expected to grow at an annual average rate of 9.1% between 2020-2026, reaching $7 billion by 2026. Due to increasing urbanization and rising disposable incomes, the demand for customised home furnishings has increased in recent years across all income groups in India.

Drivers of the Market:

Rising consumer spending on high-end designer furniture; increasing penetration of ecommerce platforms; availability of low cost labour, raw materials & production facilities; growing trend towards modular kitchens & wardrobes are some factors driving the growth of joinery and carpentry market in India.

Challenges of the Market:

Low adoption rate due to lack awareness about latest technology; limited access to advanced machinery; slow pace in developing new designs as per changing trends are major challenges faced by this industry currently.

Key Players of the Market:

Some key players operating in the Indian Joinery and Carpentry Market include Godrej Interio Ltd., Durian Industries Ltd., WIPRO Furniture Solutions Pvt Ltd., Spacewood Interiors Pvt Ltd., HomeTown Retail Pvt Ltd./Livspace etc. The competition among these players is fierce due to presence large number local/ domestic players as well as foreign brands from China, Italy, Germany etc. who offer unique designs at competitive prices thus creating challenges for existing companies in terms or pricing pressures as well product differentiation strategies etc.

The COVID - 19 Impact on the Market:

The covid pandemic had an adverse impact on this sector with sales falling drastically during 2020-21 period due lockdowns imposed across various states which disrupted supply chain operations causing delays/shortages . However gradual easing out restrictions coupled with pent up demand helped recover losses quickly leading into 2021 Q1 where sales picked up momentum again partially offsetting some early losses.

Key Highlights of the Report:

• India Builders?Joinery?and?Carpentry?Of?Wood Market Outlook
• Market Size of India Builders?Joinery?and?Carpentry?Of?Wood Market, 2023
• Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market, 2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Revenues & Volume for the Period 2020-2030
• India Builders?Joinery?and?Carpentry?Of?Wood Market Trend Evolution
• India Builders?Joinery?and?Carpentry?Of?Wood Market Drivers and Challenges
• India Builders?Joinery?and?Carpentry?Of?Wood Price Trends
• India Builders?Joinery?and?Carpentry?Of?Wood Porter's Five Forces
• India Builders?Joinery?and?Carpentry?Of?Wood Industry Life Cycle
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Cellular?wood?panels for the Period 2020-2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Windows for the Period 2020-2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Assembled?parquet?panels for the Period 2020-2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Doors for the Period 2020-2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Shingles?&?shakes for the Period 2020-2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Commercial for the Period 2020-2030
• Historical Data and Forecast of India Builders?Joinery?and?Carpentry?Of?Wood Market Revenues & Volume By Residential for the Period 2020-2030
• India Builders?Joinery?and?Carpentry?Of?Wood Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Applications
• India Builders?Joinery?and?Carpentry?Of?Wood Top Companies Market Share
• India Builders?Joinery?and?Carpentry?Of?Wood Competitive Benchmarking By Technical and Operational Parameters
• India Builders?Joinery?and?Carpentry?Of?Wood Company Profiles
• India Builders?Joinery?and?Carpentry?Of?Wood Key Strategic Recommendations