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

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Sep 26, 2017, 02:46 ET

GURUGRAM, India, September 26, 2017 /PRNewswire/ --

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)

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September 2017|Indonesia News

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.

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

Key Data Points Covered in the Report: