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Indonesia Furniture Market - Growth, Trends, And Forecasts (2020 - 2025)

Published on: Jun 2020 | From USD $3250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 130

Indonesia has long been known as one of the world's leading furniture manufacturers. As one of the world’s fastest-growing furniture manufacturers and most popular furniture exporters, Indonesia’s furniture market is highly segmented and competitive. It's teak furniture and rattan furniture products are in high demand in both local and international markets. Indonesia’s Furniture industry has been designated as a priority sector for the country due to being a labor-intensive industry. The Indonesian government has set a target to increase the country’s furniture export value which will drive the furniture industry in Indonesia. With such strong government support and a positive market landscape, Indonesian furniture manufacturers are expected to increase their export values soon.

Key Market Trends

Growing Tourism in Indonesia is Driving the Market

Tourism in Indonesia is an important component of the Indonesian economy as well as a significant source of its foreign exchange revenues. The demand for furniture also augmented due to the growing tourism in various regions of Indonesia, where setting up of hotels and resorts in Bali was among the major market drivers. The growing hospitality sector due to expanding tourism in Indonesia is expected to augment the furniture market revenues due to the rising demand for luxurious furniture by hotels set up in the country.

Growing Demand for Bedroom Furniture

The furniture industry in Indonesia has long been one of the world’s largest in terms of furniture manufacturing and furniture exporting. The furniture included in this bedroom furniture market segment ranges from beds with mattresses of different shapes and sizes, to clothes closets, nightstands, and dressers. Economic growth and rising household incomes are a few of the factors encouraging users to spend on commodities including furniture, in turn, increasing the demand for bedroom furniture in recent years. Furniture market players operating in the country used both locally and internationally available raw materials, which included the traditional rattan and high-quality teak, mahogany, and redwood.

Competitive Landscape

The report covers major international players operating in the Indonesia Furniture Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Reasons to Purchase this report:

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market

5 MARKET SEGMENTATION
5.1 Material
5.1.1 Wood
5.1.2 Metal
5.1.3 Plastic
5.1.4 Other Materials
5.2 Distribution Channel
5.2.1 Supermarkets
5.2.2 Specialty Stores
5.2.3 Online
5.2.4 Other Distribution Channels
5.3 Application
5.3.1 Home Furniture
5.3.2 Office Furniture
5.3.3 Hospitality
5.3.4 Other Furniture

6 COMPETITIVE LANDSCAPE
6.1 Market Competition Overview
6.2 Company Profiles
6.2.1 Raisa House of Excellence
6.2.2 Fabelio
6.2.3 VIVERE
6.2.4 Chitose Internasional
6.2.5 Lio Collection
6.2.6 Republic Furniture Group
6.2.7 Informa Furnishings
6.2.8 Wisanka
6.2.9 IKEA
6.2.10 Gema Grahasarana Tbk

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 APPENDIX

9 DISCLAIMER

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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