Summary:
BENGALURU, India, May 16, 2022 /PRNewswire/ -- The 12th edition of INDIAWOOD (2nd - 6th June, 2022) organised by NuernbergMesse India will once again cement its position as the most relevant and important forum for the woodworking and furniture manufacturing Industry in India.
With country pavilions from Germany, USA, Canada, Turkey, Malaysia, Finland, Estonia, Taiwan, Gabon amongst others, the five-day event will offer a comprehensive range of innovative products and provide information on the latest technological developments.
www.indiawood.com India"s furniture market is expected to cross USD 27 billion by the end of the year 2025, making the furniture market in India a billion-dollar Industry.
Factors contributing to the growth of India"s furniture market include the middle-class population, rising disposable income, and an increasing number of urban households.
With the recent entry of leading global players in India, the market share of the organized sector has been growing consistently.
The industry has been increasingly adopting best practices when it comes to sourcing, manufacturing, distribution, and skilled resources.
With India poised to become the third largest global economy by 2030, the Government of India has identified the furniture industry as a key enabler to expand the reach of "Make in India" goods across the globe.
The furniture industry in India is a part of the home furnishing industry and occupies the largest share (~50% in 2019) in the home furnishing market.