Wooden Furniture Manufacturing Industry. Furniture Production Factory. Most Profitable Wood Furniture Manufacturing Business Idea.
Traditionally, furniture has been made of wood. With the industrial revolution, furniture manufactured from materials such as steel, aluminum, glass and plastic, began to appear. These materials may have revolutionized the furniture industry, but wood is undeniably a staple material in furniture manufacturing. Wood is, of course, a long-lasting and robust material and is the perfect choice for anyone looking for longevity from their furniture. Wooden furniture can also go a long way to creating a sense of the natural world indoors.
Wooden furniture is used for articles of daily use in dwelling house, place of business, public buildings and includes items such as chairs, tables, beds, safes, sofa sets, Almirahs cabinets, etc. are made of wood.
The advantages of wooden furniture are undeniable. Combine a piece of wood furniture to furniture made from steel or glass and the natural beauty of the wood will add warmth and character to any room.
· Strength and Durability
Wood furniture is extremely resilient and requires very little maintenance. Wood is a long-lasting natural material that can stand constant abuse, whether it's spills in the kitchen or scratches in the dining room. Solid wood furniture can last for generations with minimum care.
· Ease of Maintenance
Wood furniture is nearly effortless to maintain. Simply wipe the surface of the wood chair parts with a wood cleaner on a regular basis. Do not allow water or dust to settle on your tables, chairs or armoires for extended periods.
· A Decor Staple
Adding a piece of wood furniture to a room will completely change its look and feel. Wood furniture offers elegance, charm and sophistication to any room.
· Modifiable
The beauty of wood furniture is that it can be changed over time to give it a second, third or fourth life. By sanding and staining, or painting, you can refinish wood furniture and give it an entirely new look.
Cost Estimation:
Capacity: 7500 Pcs. /Annum
Plant and Machinery cost: 13.00 Lakhs
Rate of Return (ROR): 46.00 %
Break Even Point (BEP): 38.00 %
Cost of Project: 118.00Lakhs
Market Outlook
India is a land of wonderful and marvelous artistic work of wood. The rich handicraft and beautiful traditional attributes of art and design have established a reputation of Indian Furniture Industry in the nation and worldwide.
Furniture refers to the movable objects that support various human activities such as seating, eating and sleeping. They are also used to hold objects at a convenient height for work or to store things. Furniture is a product of design and it is also considered as a form of decorative art.
The popularity of traditional furniture has strengthened the demand for wood in the manufacturing of furniture in India. Over the past few years, the utilization of wooden goods in home has increased as people have started using wood for furnishing cupboards, decorating and for other purposes. Apart from this, the demand for engineered wood furniture is rising in metro cities such as Delhi, Mumbai, Bangalore and other major cities. The reason behind this is the rising popularity of ready to assemble home furniture in these cities. The availability of engineered wood furniture through various distribution channels provides ease to the customer to buy furniture products.
The country’s furniture market is projected to cross USD32 billion by 2019. The country’s furniture market is expected to grow at a rapid pace due to rising disposable income, expanding middle class and growing number of urban households. In addition, the anticipated rise in tourism and hospitality sectors is also expected to spur the furniture demand in the country through 2019. Western and Southern region would continue to be the leading revenue generators due to expanding distribution network of furniture manufacturers in these regions. Uttar Pradesh, Kerala, Punjab, West Bengal and Andhra Pradesh are the major suppliers of wood, which is the most widely used raw material in the country’s furniture market. Wooden furniture is expected to continue its dominance in the Indian furniture market. Home furniture market is expected to witness fastest growth over the next five years, followed by office and institutional segments
Wooden furniture accounts for US$ 5,358 million. (US$ 852 million) of this (wooden furniture) is imported and imports are growing at 50 to 60 per cent every year. India was the largest furniture importer in the world, with a 19 per cent share in the furniture imports worldwide. A total of 10, 476 importers shipped furniture to India during this period, mainly from Italy, Germany, Spain, China, Korea, Malaysia, Indonesia, Philippines and Japan. The furniture sector in India makes a marginal contribution to the Gross Domestic Product (GDP), representing about 0.5 per cent of the total GDP.
The global furniture market can be broadly categorized into four categories - domestic furniture, office/corporate furniture, hotel furniture and furniture parts. Globally, domestic furniture accounts for 65 per cent of the production value, whilst corporate/office furniture represents 15 per cent, hotel furniture 15 per cent and furniture parts 5 per cent.
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