Furniture Market in Indonesia 2022-2026

Furniture Market in Indonesia 2022-2026

Technavio has been monitoring the furniture market in Indonesia and it is poised to grow by $ 3.29 bn during 2022-2026, decelerating at a CAGR of 12.08% during the forecast period. Our report on the furniture market in Indonesia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by rapid growth in urbanization and the growing influence of different retailing channels. In addition, rapid growth in urbanization is anticipated to boost the growth of the market as well.

The furniture market in Indonesia analysis includes type and delivery mode segments.

Technavio's furniture market in Indonesia is segmented as below

By Delivery Mode

• Offline
• Online

By Type

• Residential
• Commercial

This study identifies the increasing number of new luxury furniture showroom launchesas one of the prime reasons driving the furniture market growth in Indonesia during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on furniture market in Indonesia covers the following areas:

• Furniture market sizing
• Furniture market forecast
• Furniture market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading furniture market vendors in Indonesia that include CV Raisa House Indonesia, Fabelio, GGS, IKEA Indonesia, Informa, Lio Collection, PT VIVERE Multi Kreasi, PT. Chitose International Tbk., Republic Furniture Group, and Wisanka Indonesia. Also, the furniture market in Indonesia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.