Furniture Industry : Sunshine Sector For India

The Indian domestic furniture market is expected to expand at a CAGR of 12.91% during the period of 2020-2024. Global furniture market is estimated at USD 1.1 Trillion out of which Indian market size is less than 5%.
• Currently China is the leading exporter of furniture products with a global share of 37.5% followed by Germany, Poland, Italy and USA. Currently India’s top export destination include US (39.2%), Germany (7.4%), France (6.6%), UK (6.3%), Netherland (6%), and Australia (2.8%).
• Cluster-based development would help to synergize their existing resources and provide opportunity for these 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.
• ‘Good Supply Chain Management’ ‘Cost Minimisation’, ‘Brand Management’, ‘Customisation of furniture’ etc. are key factors for the growth of furniture sector in India.

Being an un-organized sector merely focussing on hand-made furniture, Furniture sector in India is grossly under-developed.  The modernisation of this sector with machine & technology will help in the growth of this sector as it has huge export potential. Domestic demand for furniture in India is increasing, which is giving a boost to the organised sector. 

The key factors driving increase in demand for furniture are growth of housing and commercial construction and also increase in income levels that influence customers to adopt global lifestyle options, especially in urban affluent Indians.  It has been observed that for 2018 and from 2014-18, India’s furniture exports surged at CAGRs of 15% & 8.8% respectively, which is way higher than the world average.

Name of the exporting countryExports in US$ billion in 2018Share in world exportsCAGR in the last five years
World256.7100%1.1%
China96.437.5%0.1%
Germany18.17%1%
Poland14.85.8%6%
Italy14.55.7%1%
USA10.84.2%-1.9%
Mexico10.64.1%3%
Vietnam7.42.9%10%
India (ranked 28 in world exports)1.650.6%8% (also India registered 15% growth in last year)

Source: ITC Trade Map

From the given table it can be cogently observed that the top exporters China and Germany are struggling to bolster their exports. On the other hand, developing economies like Vietnam and India are growing their exports at a brisk pace. Currently, China is the leading exporter of furniture products with a global share of 37.5%, followed by Germany, Poland, Italy and USA.

The Indian furniture market is now more customer-friendly. As per market demand, players are supplying readymade, branded furniture with low maintenance, which is quickly installable with customisation options. The Indian furniture manufacturing sector mainly caters to home, office & hospitality sectors. Though they try to meet domestic demand, India’s imports are growing at a rapid pace. With the fast growing and transforming retail sector, it is expected that large retailers will continue to expand their presence, leading to consolidation in furniture retailing in urban markets.

The Indian domestic furniture market is expected to expand at a CAGR of 12.91% during 2020-24. Various furniture companies such as Pepperfry, Urban ladder and others are creating huge demand from these online channels. Apart from this, the demand for low-cost plastic furniture is also increasing in commercial sector. Ease of doing business policies in India are giving rise to new business investments across the country. In addition, increasing numbers of small and medium businesses are further boosting the demand for low cost plastic furniture products. This is believed to bolster the growth of the Indian furniture market over the forecast period.

Global industry outlook

The European furniture industry is currently facing a variety of economic, regulatory and environmental challenges. Increasing global competition with manufacturing growth in emerging markets, improved logistics and lower tariffs on foreign trade put increasing pressure on EU-based companies. In the domestic market, increased demand for low-cost items makes it difficult for companies focusing on long lasting and quality products to compete. Moreover, increased raw material, labour and energy costs within the EU also challenge business-as-usual practices. In order to face these existing threats, new practices and out-of-the-box thinking such as outward investments and joint ventures are surely one of their most preferred options.

China is the market leader, but still falls behind traditionally strong competitors such as Italy and Germany in terms of quality and unit price. It is also experiencing a growing challenge from lower-income countries such as Poland and Vietnam. Moreover, China now faces more unfavourable macroeconomic circumstances such as rising cost, shrinking international demand, technology gap and escalating trade barriers. The current pandemic is further going to enervate their export position as these economies are deeply affected by COVID 19.

Strategies for India

I. Need for integrated and cluster-based infrastructure development for furniture

The global and domestic trade environment, coupled with government intent for the growing indigenous capability in the furniture sector will provide a window of opportunity to exporters in India to harness the latent potential. Exporters have been interested in enhancing their production capabilities by opening up manufacturing bases in identified regions. The furniture industry in India is dominated by micro and small units. Manufacturing units are not well-equipped in terms of technological know-how, access to capital, ability to design and innovate, control quality and market their products in international market. To achieve the production levels, quality and design standards set by the international markets is the key for these micro and small players to maximize their potential and contribute towards the growth of the sector.

Cluster based development would help to synergize their existing resources and provide an opportunity for these players to acquire technology, access capital, upgrade skills, encourage indigenous design and help MSMEs units handle large orders or cater to the need of the international buyers. Thus, the common facilities proposed would benefit the entire industry, especially the MSME segment.

TOP 10 EXPORTED FURNITURE TARIFF LINES BY INDIA, IN US$ MN (8-DIGIT)

Tariff LinesProduct labelExported value in 2018CAGR in past five years, %
94036000Wooden furniture515.16.5
94049099Articles of bedding and similar furnishing391.69.7
94032090Metal furniture78.715.9
94019000Parts of seats, n.e.s.63.710.6
94049019Articles of bedding and similar furnishing, fitted with springs or stuffed or internally49.811.2
94016900Seats, with wooden frames42.4-0.8
94038900Furniture of other materials, including cane, osier or similar materials41.633.0
94012000Seats for motor vehicles36.535.3
94069090Prefabricated buildings,35.8NA
94039000Parts of furniture, n.e.s.34.231.8

II. Need to move up the value chain

Emphasis on four factors – lack of indigenous development and acquisition of technology, adoption of acquired technology through research, brand building and inadequate emphasis on human resource development is critical for the furniture sector in India. Exports from the cluster are primarily value-added products, large volume and low volume goods.

III. Mega furniture cluster in India

The idea is to promote and produce competitive products in which the country has a distinctive advantage. India should try and produce what it is good at and at the cheapest price so that people are inclined to buy and the product is competitive globally. Also, the focus should now be on exporting more finished products rather than raw materials, to counter many tariff and non- tariff barriers. 

The other strategy is to identify new sectors that have the potential to sustain in the market for the next 20 years, like furniture. This sunrise sector alone has the potential to push exports of US$ 50 billion-plus. If we take furniture exports, India has abundant raw material, manpower, skills, etc. and the potential to be price competitive on a global scale. The government is subsidizing artificially to support uncompetitive sectors for long, which is proving to be counterproductive. If we take the example of China, the focus on new sectors has yielded them rich returns. China’s export in the furniture alone is US$ 350 billion. India should adopt a similar approach to futuristic sectors, and the furniture sector certainly merits attention in this regard.

Talbina – A Prophetic Medicine

Aisha (may Allah be pleased with her) used to recommend talbina for the sick and for which suffered too by a dead person. “She (may Allaah be pleased with her) said:” I heard that the Messenger (sallallahu alayhi wa Salaam) said: “the talbina gives rest to the patient’s heart and makes it active and helps relieve your pain and sorrow.” [Sahih al – Bukhari (5325)].

Aisha (may Allah be pleased with her) said that whenever one of their dying relatives, women is met and is dispersed (returned to their homes), except for relatives and close friends.

After the Tharid (a dish prepared with meat and bread) is prepared and the talbina poured over it. “Aisha (may Allah be pleased with her) would say (to women),” eat it, because I have heard that the Messenger of Allah (sallallahu alayhi wa Salaam) said: “the talbina relieves the patient’s heart and dispenses it some of their sadness.”  [Sahih al – Bukhari (5058)].

Hisham’s father (may Allaah be pleased with him) said: “Aisha (may Allah be pleased with her) used to recommend the talbina and although it was used to say that no you would like (for the patient), was beneficial.”  [Sahih al – Bukhari (5326)].

The Messenger of Allah (sallallahu alayhi wa Salaam) said: “I encourage you to use what you don’t like, but beneficial (Talbina) for the soul of Muhammad one whose hand is, cleanses the stomach of one of you as you clean the dirt in the face with water.” [Hakim (7455) Mustadrak, Sahih Dhahabi as mentioned in ‘ Talkhees “, extracted from Maktaba Shaamilah, see also Mustadrak (8245), whose chain is in the condition of Bukhari as Dhahabi mentioned”].

Aisha (may Allah be pleased with her) narrated: “If someone from the family of the Messenger (sallallahu alayhi wa Salaam) is sick, the Messenger (sallallahu alayhi wa Salaam) said: ‘ the (talbina) relieves the heart of pain and clean the diseased heart as well as what cleans the dirt from your face with water.” [Saheeh Sunan Ibn Maja (3445), Hasan hadeeth].

Aisha (may Allah be pleased with her) narrated that the Messenger (sallallahu alayhi wa Salaam) said: “you should eat profitability even if it is unpleasant to eat (Talbina), i.e. the stock.” If any member of the family of the Messenger of Allah was ill, the pot would continue in the fire until one of two things, either the person recovered or died “. [Saheeh Sunan Ibn Maja (3446) Hasan hadeeth].

Recipe

The Talbina is made by adding 1-2 tablespoons barley flour (must be 100% whole wheat flour of barley) and a cup and a half of water. Put slow fire for 10-15 minutes (optional: add milk or yogurt and sweetened with honey). This can also be used to thicken foods for sauces, soups, dishes, etc.

Alternatively, you can add 1-2 tablespoons barley flour (must be 100% whole wheat flour of barley) to one and a half cups of milk. Put slow fire for 10-15 minutes (optional: add water or yogurt and sweetened with honey).

Talbina mixture can then put it in the blender with fresh or frozen fruit or ground flax seed. etc can be mixed together to make a delicious smoothie of talbina.

Drink at least one cup daily

5 Surprising Health Benefits of Fitness

X FIT FITNESSCLUB

It is pretty well known at this point how great fitness trampolines are for improving your cardiovascular performance and fitness levels. Jumping on a trampoline is a fun, full-body workout that people of all fitness levels can enjoy. However, there are many surprising health benefits that jumping on a fitness trampoline can provide. Learn more below with the experts at Attari Products.

1 – Jumping Improves Bone Density and Helps Prevent Osteoporosis

One of the more underrated benefits of jumping on a fitness trampoline is how much it helps to increase bone density. In fact, rebounding is considered one of the best physical activities for the prevention of osteoporosis. Our bones have the neat ability to adapt to stress they are put through. Jumping on a fitness trampoline results in higher g-force which, over time, helps to increase bone density and can even reverse osteoporosis.

2 – Jumping Improves Lymphatic Flow

As much as people talk about the importance of removing toxins from the body, not enough people are aware of the benefits that jumping on a fitness trampoline can have on your lymphatic system. The lymphatic system differs from the circulatory system in that it is not pumped through the body by an organ, like the heart. Instead, lymphatic fluid is pumped by our muscles and gravity. As lymphatic fluid flows upward, vertical movements like rebounding are excellent at increasing your lymphatic circulation — resulting in more efficient removal of your body’s toxins.

3 – Jumping Improves Digestion and Gut Health

Jumping on a fitness trampoline actually can have a big impact on your body’s digestion system. The rhythmic vertical movement stimulates the muscles of your digestive tract and helps your body to more efficiently process and absorb the food you consume.

4 – Jumping Improves Your Balance

For anyone who has tried a fitness trampoline before, you are likely familiar with the feeling that you are on the edge of falling as you jump. In reality, we are much better at controlling our motor skills and remaining upright than most think. As you continue to use the fitness trampoline, you will find over time that you are completely comfortable on it. This is because jumping on a trampoline stimulates your ocular nerves and inner ear canal, resulting in a significant balance and coordination improvement.

5 – Jumping Improves Lung Capacity

Rebounding on a fitness trampoline is an incredible aerobic exercise. Start a workout on a trampoline and you will quickly find your heart pumping strong and your lungs breathing deep. Regular rebounding is a great way to improve your aerobic fitness and lung capacity. In addition, jumping on a trampoline has actually been found to increase cellular oxygenation in a number of research studies, including one done by NASA. Jumping not only helps to circulate more oxygen throughout your body, but that oxygen will be absorbed more efficiently.

Why choose Plywood as an Option for Furniture

Plywood Computer Table, WFH Table, Computer Tables for Home, Pc Table,  System Table, Wooden Computer Table in Trimbak Road, Nashik , Nd Kitchen |  ID: 11560317097

Plywood is an integral part of furniture-making today and is used in making cabinets, wardrobes, beds, chairs, shelves and anything else you can think of. It’s versatile and very hardworking. But then, so is wood, isn’t it? Then why is it that people are gravitating towards furniture made of plywood against that which is made of solid wood? Well, that isn’t such a mystery really. There are numerous advantages to using this material.

Cross-Grain Construction- Plywood has a cross-grain construction which lends it a lot of stability. Solid wood tends to expand and contract along its grain and over time, this weakens the wood which can lead to cracking, splitting and broken joints. On the other hand, the cross-grain in plywood minimizes any moisture stresses which results in less contraction and expansion as well as fewer structural irregularities.

Finishing Options– Plywood can be rendered with different finishes. It can be painted, clad with a laminate or a veneer which can then be polished as required. Since plywood does not stretch, the paint also lasts on it a great deal longer and will not crack or bubble. Any paint on wood furniture will crack and peel much faster.

Water Resistant– If you buy furniture that has been made with water-resistant (marine) plywood, the material will be very dense. Particle board or solid wood will swell and eventually spilt if exposed to water. On the other hand, water-resistant plywood maintains its structural integrity. However, it has to be protected from extended exposure to water. Boiling water resistant (BWR/BWP) graded plywood should be used in kitchen cabinets or for a dining table that is going to be placed in a kitchen.

Joints- Since plywood resists swelling it holds all the screws and glued joints together. This also means that you do not have to worry about creaky or squeaky furniture and it will also not break apart at the seams like wood furniture does. Well-made plywood furniture will always be glued at the joints which hold up much better than mechanical joints, over a period of time.

Ease of Use – Plywood can be sawed and shaped with very basic tools and is incredibly easy to use. It can be reshaped & bent into desired shapes with comparative ease. Today, there are numerous machines and tools that make this easily possible. Not only does it change shape easily, it retains that shape well too and there is no threat of a warp or splitting.

Size– Plywood is also available in sheets of varying sizes ranging from 6’X3’ to 8’X4’. This makes it very convenient to save on material and you are never saddled with more than what you need.

Value for Money

It is a misconception that plywood is cheaper than wood. Sure, you can get plywood that is very inexpensive but that is not of a good quality. If you want your furniture to last, it is recommended that you use the highest quality branded, ISI graded, marine plywood. This will ensure that your furniture will last for decades without any problems. It’s value for money and in the long run, cheaper too. No matter which way you look at it- Plywood is a sure-shot winner.