London, 05 June 2015 – Thanks to the growing construction sector, the office furniture market in India is expected to grow at a CAGR of almost 19% from 2015-2019, says research firm Technavio.
About the Report
According to the latest report by Technavio, the Indian economy has gradually recovered from the global recession of 2008-2009. The construction sector has also started picking up pace, as the demand for offices from new companies is on the rise.
“It is anticipated that the growth in the construction industry will have a corresponding impact on office furniture demand and sales in India, thus propelling the growth of the office furniture market in the near future,” says Faisal Ghaus, Vice President of Technavio.
The new industry analysis report also emphasizes the competitive landscape of the market that has become more intense in recent years. Vendors are realizing that they have to increase their focus on customer retention, satisfaction and product quality.
“Vendors are focusing on improved marketing strategies and using online media to enhance overall value for customers,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the office furniture market in India from 2015-2019. A comprehensive overview of the market has been provided in terms of retail sales and examine the scale, growth and market size in detail.
Key Information Covered in the Report:
Key Vendors:
- Durian
- Featherlite
- Godrej & Boyce Mfg. Co. Ltd.
- Zuari Furniture
Market Growth Drivers:
- Growing Construction Sector
- For a full detailed list, view our report.
Market Challenges:
- Lack of Infrastructure and Logistics
- For a full detailed list, view our report.
Market Trends:
Improved Marketing Strategies of Vendors
For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
