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PT Aremgo Grafindo
Jl. Batu Jajar No. 4-B
Jakarta 10120 – Indonesia
Tel : 6221 3854348
WORLD FURNITURE EXPO
17 - 19 Nov 2022
Bombay Exhibition Center, Mumbal
The Indian economy, much like most economies across the world, saw a temporary contraction due to Covid-19 but has now recovered, supported by India's inherent economic strengths and resilience. The government's progressive policies, focus on major infrastructure development plans, a strong manufacturing sector, coupled with a large consumer market are all indicators of high growth potential.
The WOFX Advantage :
WOFX is a professional B2B trade show dedicated exclusively to the furniture industry in India. It is a show where all categories of furniture and decor come together on one industry platform. WOFX is the place to be for manufacturers and suppliers from all over the world who want a slice of one of the fastest growing furniture and decor market in the world - India. More global, more varied, more buyers and more business!
WOFX is where leading international players come together to develop new business opportunities, explore new ventures, network for fresh ideas and demonstrate their innovations. Exciting themes, innovative products and sustainable solutions - WOFX is the one-stop trade show for the entire furniture and design business. WOFX assists increasing awareness, building image and establishing a strong cross-border network. In short, WOFX brings you...
India Growth Story
- India’s huge US$ 2.7 trillion economy is being fuelled by a consumption boom where private consumption accounts for 60% of India’s GDP.
- Domestic consumption is expected to be ~$3 trillion by 2030, according to the World Economic Forum (WEF).
- WEF states that by 2030, India will add 130 million middle-income households and 21 million high-income households, overall doubling the share of these households to 51%
- India to have the 3rd largest number of high income households by 2030 according to McKinsey.
- By 2025, India’s e-commerce industry is expected to increase by 84% to US$ 111 billion, driven by mobile shopping, which is projected to grow at 21% annually over the next four years.
- With over 65% of the population below the age of 35 and 46.9% under the age of 25, India’s young millions are increasingly spending on home improvement.
- India is the world’s 5th largest consumer market and growing larger every year.
Furniture Market Size, Consumers & Consumption
Fastest growing furniture market due to :
- Oxford Economics’ Global cities report estimates that 17 of the 20 fastest-growing cities in the world between 2019 and 2035 will be from India.
- Rapid urbanisation with over 37% of the population living in urban areas by 2025
- The UN too highlights that India’s urban population size will nearly double between 2018 and 2050 from 461 to 877 million.
- Private consumption accounts for 60% of India’s GDP
- In 2019, India’s retail sector was estimated at US$ 779 billion projected to reach – US$ 1.4 trillion by 2026.
India Market Size : With a total market size of US$ 41 billion, India is 4th largest furniture consuming country and the 14th largest furniture market in the world.
Furniture Imports : Total furniture imports touched US$ 249 million in FY 2020-21 with India importing wooden furniture from 75 countries.
Shorter Replacement Cycies : Furniture replacement cycle expected to come down to 5-7 years from current 8-10 years.
Sunrise Industry : India's US$ 2 billion furniture rental industry which is estimated to touch $750-800 billion by 2030
E-Commerce Market : Online home sales (including furniture sales) in India is expected to grow 39% annually to US$ 40 billion in 2026.
Industry Growth : According to the World Bank, India's organised furniture industry is expected to grow 20% p.a.
Residential Furniture Market : Home furniture comprises of 60% of furniture market and accounted for US$ 20.65 billion in 2018 and is expected to grow at 14.16% CAGR over 2018 - 2023
Home Furniture Analysis : Furniture comprises 40 - 50% in Home Decor category of which larger items like sofa, beds, etc. comprise 25% and the rest are small furniture items like linen, bar table, chairs, stools, etc.
Work From Home : Work from home furniture market is expected to touch US$ 3.49 billion by 2026
India Design & Decor Market
- India’s design industry is booming due to the growing Indian real estate market, growing population, rising income levels and urbanization.
- Designing services are in high demand due to the influence of social media and changes in the living standards and lifestyle of the people.
- The home category’s broad segments of furnishings, furniture and decor have been growing with market share tilting towards furniture and decor due to focus on upgrading interiors revamping the look of homes and offices.
- The market for interiors and renovation in India is estimated to range from US$ 20 to US$ 30 Billion.
- The overall home market is worth about US$ 20 billion, decor, furnishings, etc., contribute 25% or about US$ 5 billion
- The decor category alone is expected to cross US$ 5.62 billion by 2021-22, from US$ 735 million in 2019 – 20.
- Rising demand for decor products such as wall hangings, rugs & carpets, handcrafted products, etc. is boosting India’s design & decor market.
Networking & Interactive Forums
Robust business platform for networking and gathering market insights and intelligence on latest design, trends & technology with industry professionals. Unique channel to showcase your innovative products through live presentations and demos.
'WOW - Words of Wisdom' : Crated think-tank sharing industry intelligence providing intensive exposure through presentations and discussions led by industry experts.
'InnDesign' : Creating unique exposure for your innovative products through live presentations and demos to introduce your contemporary products to the business world in style.
'Business Pulse' : Learn directly from Marketing Gurus who will share insights on growing your business.
For centuries the Asian culture has been endowed with a rich heritage in arts and crafts due to variety of natural resources found in these countries.
We invite you to showcase your unique style in ASEAN Panorama where buyers will experience the scintillating display of traditional and contemporary designs and trends from different ASEAN countries.
For centuries the Asian culture has been endowed with a rich heritage in arts and crafts due to variety of natural resources found in these countries.
COME, SEE, CONNECT
Buyer Profile
- Importers and Trading Houses
- Buying Houses and Agents
- Retail Chain Aggregators
- Large Format Retailers
- Retailers and E-Tailers
- Institutional Procurement Agencies
- Corporate Sourching Heads
- Architects and Interior Designers
- HORECA (Hotels, Restaurants, Cafes)
- Real Estate Developers
- Dealers, Distributors, Wholesalers
- Brand Owners and Franchisees
- Entrepreneurs and Startups
