Quality Furniture Will Have More Space with Rise in Design Expectations

FDT Bureau

The Furniture Design & Technology (FDT) magazine is moving forward at steady pace with an objective to be a torch bearer for spreading knowledge on 5M’s of furniture industry in India. FDT aims to help the unorganised and scattered furniture industry with regular inputs and info on emerging market prospects, trends and field surveys.

The present government has made many policy reforms that have impacted every SME & MSME establishment in some way or the other. Though the reforms have boost the industry which is visibly benefitting organised furniture manufacturers in the country as they have been able to connect with ongoing projects, yet majority of furniture producers are feeling pressure and cash crunch.

The furniture demand in retail markets is consistent but rising number of factories are slowly adding more design offerings so is the competition. Quality furniture will be getting more space in the market with rise in design expectations of customers, reveal recent market surveys conducted by FDT team. Modern design, quality finishing and aggressive pricing are the present need in the markets which is offered by new factories having good infrastructure, technology and design combinations.

With an estimated market size of 2.5 lacs crore per annum in 2018, the Indian Furniture market is often referred to be growing at 15% year on year. According to available insights hardly 6% of the total industry belongs to organised work culture where larger share comes from office segment. FDT believe that government’s provisions for SME support, RERA effect on housing deliveries and pace in budget housing will certainly be going to open new avenues for better equipped furniture manufacturers.

India has witnessed huge growth in modular kitchen segment during last 10 years. The acceptance of new surfacing materials in gloss and UV finish have created the need for well finished shutters, thus need of quality material and machining. This issue of FDT carries an article on emerging product PVC laminate which is being widely used by kitchen industry at present. The issue also has market driven articles from Kerala and Bangalore that will help the industry people to know about the changing needs and trends in these states. There is also an interesting read in One to One with Mr Ashok Quodros, Co-Founder, Multiflex Furniture, Mumbai, whose vast experience and expertise in furniture manufacturing offers insight and learning for new commers.

With lots of latest news and new efforts, Team FDT is busy sorting research based news and info in its next edition that will be there at Delhi wood 2019, to be held at Expo Mart, Greater Noida. We look forward to meet you in the exhibition.

Pragat Dvivedi

Founder Editor

Furniture Design & Technology (FDT Magazine)
www.furnituredesignindia.com

This editorial was originally published in Furniture Design Technology (FDT Magazine) December 2018 print issue. If you want to read the full magazine, please subscribe Furniture Design Technology Magazine here:  

http://www.furnituredesignindia.com/subscribe