The Indian furniture industry is gradually transforming into a more organized and competitive sector. The entry of global brands in the sector, emergence of large retail players, online D2C sales and the resultant consolidation, are trends that highlight this transformation. It has been identified as one of the sunrise sectors, which has the potential to emerge as a crucial pillar for the “Make in India” campaign.
DELHIWOOD aims to drive the Indian furniture manufacturing and woodworking industry and establish India as one of the top manufacturing destinations in the region. At the upcoming 7th edition of DELHIWOOD, scheduled to take place from 2nd-5th March, 2023 at India Expo Mart, Greater Noida (DELHI, NCR), the stakeholders from the woodworking and furniture manufacturing industry will get an opportunity to meet numerous national and international decision-makers, acquire new customers and discuss key issues including Digitalization, sustainability, skilling, supply chain management as also discover new trends, technologies and materials.
The 2019 edition of the event saw participation from 500+ brands from 35 countries spread across 11 country pavilions and offered a 360-degree view on global trends from the Woodworking Industry. Furniture & Kitchen manufacturers, architects, interior designers, timber traders, saw millers, builders, contractors, hardware distributors, dealers from all over the country and neighboring countries such as Nepal, Bhutan, Sri Lanka, the middle-east & other international countries were part of this 4-day mega event.
• Over 50,000 Sqms Exhibition space
• 600+ Exhibitors
• 12+ Country pavilions
• 30,000+ Woodworking Professionals
• Product launches and technical demonstrations of woodworking machines
• Seminars and Conferences by Industry Experts
• Training and Skill development programs
• Workshops and interactive platforms for visiting architects, interior designers and builders
FORWARD LOOKING TRENDS, ATTRACTIVE GROWTH OPPORTUNITIES
The Indian Furniture Market stood at USD23.33 billion in FY2021 and is growing at a CAGR of 6.04% during the forecast period to reach the value of USD32.75 billion by FY2027. The development of e-commerce channels has further expanded the reach of the Indian Furniture Market to a wider audience. India is the fifth largest furniture producer at a global level and the fourth largest consumer of furniture.
Easy availability of raw material supported by booming real estate sector of India are some other factors which are powering the business revenues of furniture market. Apart from this, fast commercialization along with rising household spending, geographic expansion of multinational companies are also important growth drivers.
Cluster-based development would help the leading players to acquire technology, access capital, upgrade skills, encourage indigenous design and benefit MSMEs units to handle large orders or cater to the need of the international buyers. Ease of doing business policies in India are giving rise to new business investments across the sector.
Visitors to the event can look forward to a diverse range of products on display, an engaging knowledge program, along with relevant business and networking opportunities.