Philippines Furniture Market by Type ( Home – Bed Room , Living Room , Dining Room , Kitchen Furniture ; Office ; Hotel & Industrial ), by Sales ( Domestic and Export ) - Outlook to 2021
Philippines furniture market witnessed a slump in growth rate in 2015 , primarily as the exports market witnessed erosion in sales during the year . Low demand from the US and Japan resulted in decline of furniture exports by 17.8 % in 2015 as compared to the revenues in previous year . The market for furniture in the country stood at 1,433.0 million in 2015 , representing a growth of only 7.9 % from previous year . The export and domestic market stood at USD 298.0 million and USD 965.1 million in 2015 , respectively .
Indonesia Furniture Market by Type ( Home , Office , Hotel & Industrial ), by Sales ( Domestic & Export ) and by Cities - Outlook to 2021
Furniture market in Indonesia increased to USD 2,634.6 million in 2016 from USD 2,451.6 million in 2015 , registering a robust CAGR of 7.9 % during 2012-2016 . An increase in domestic demand for both traditional and modern furniture in Indonesia has been witnessed , due to the availability of wide range of local and foreign products for homes , offices , hotels and industries in the recent years , has been a strong factor which has led to the surge in the market revenues during 2015-2016 .
China Furniture Market Outlook to 2020 - Surge in Demand for Children Furniture and Rise in Trend of Online Furniture Sales to Shape Future
The furniture market in China has grown with a CAGR of 10.3 % during the period 2010-2015 . The revenues generated by China furniture market were evaluated at USD 40.9 billion in 2010 and has grown to USD 66.8 billion by end of 2015 . The furniture industry in China has been immensely driven by its ability to provide best quality furniture products at best affordable prices without compromising on the quality standards and low cost skilled workforce . With the substantial growth in the real estate industry , technology and increasing growth rate in tourism from 1.2 % in 2011 to 4.1 % in 2015 had led to inauguration of many new public and private construction projects , automation in the manufacturing process and increase in the number of hotels , bars & restaurants in country .
India Furniture Market Outlook to 2020 - Surging Popularity of Online Marketplace and Preferences towards Organized Furniture Brands to Fuel Growth
In FY ’ 2015 , the furniture market in India clocked revenue worth INR 1,049.1 billion which increased by 16.5 % from INR 899.6 billion in FY ’ 2014 . The furniture market has experienced a substantial growth in the last few years . There are several factors which have led to this growth such as surge in real estate and housing activity , increasing growth in the information