Monday – Friday 10.00a.m. – 19.00p.m.
info@gidmarket.in
All reports

Analysis of the sofa market in India

Analysis of the sofa market in India Analysis of the sofa market in India
Release date 11.07.2018
Number of pages 46
Formats DOCX, PDF
Cost 250.000 ₹

The relevance of research

The Indian furniture market has a variety of different types of sofas, differing in shape, color, price, upholstery material, folding mechanism, etc. 


Purpose of the study

Analysis of the state of the sofa market, assessment of the market volume, analysis of competitors, as well as identification of factors affecting the sofa market.


Content

Part 1. Overview of the Indian sofa market 

1.1. Main characteristics of the market 
1.2. Dynamics of the market volume of sofas 2013-2017 Market volume
1.3. Assessment of factors affecting the market 
1.4. Sofa Market Life Cycle Stage 
1.5. Competition from substitute products 

Part 2. Competitive analysis in the sofa market 

2.1. Major players in the market 
2.2. Market shares of the largest competitors 
2.3. Profiles of major cities 

Part 3. Sofa Production Analysis 

3.1. Volume and dynamics of domestic production of sofas 
3.2. Share of exports in production of sofas 
3.3. Segmentation of sofa production by regions 
3.3.1. Production by Union Territories 
3.3.2. Production by states of India 

Part 4. Analysis of foreign trade supplies of sofas 

4.1. The volume and dynamics of imports of sofas 
4.2. Structure of imports by countries 
4.3. The volume and dynamics of exports of sofas 
4.4. Structure of exports by countries 

Part 5. Sofa Consumption Analysis 

5.1. Dynamics of consumption of sofas 
5.2. Analysis of the results of tenders for the purchase 

Part 6. Price Analysis 

6.1. Average Producer Prices by Union Territories 
6.2 Average consumer prices by state in India 

Part 7. Assessment of factors of investment attractiveness of the market 

Part 8. Forecast for the development of the sofa market until 2022 

Part 9. Recommendations and conclusions 


Research excerpt

Part 1. Overview of the Indian sofa market
1.1. Main characteristics of the market
The word ""sofa"" appeared no later than the th century and meant in Farsi, in Turkish and Arabic, at first ""scribbled sheets of paper"" or ""lists"", then this word began to denote accounting books, then offices and, finally, furniture typical of such institutions - long benches with soft padding.
The Indian furniture market has a variety of different types of sofas, differing in shape, color, price, upholstery material, folding mechanism, etc. Consider the main classification of this type of upholstered furniture. 
The share of imported products in the Indian sofa market during 2013-2017 gradually decreases from …% in 2013 to …% in 2017 
Diagram 2. The ratio of imported and domestic products in the sofa market,%
 

1.2. Dynamics of the market volume of sofas 2013-2017 Market volume
Consider the dynamics of the volume and capacity of the sofa market. 
During 2013-2017 The volume of the sofa market in terms of money has been steadily increasing, however, in 2017, a slowdown in the market growth rate was observed. At the end of 2017, the volume of the sofa market in monetary terms amounted to … billion Rs., having increased by …% compared to 2016. The growth of the sofa market in India in terms of money was due to the increase in producer prices. The average annual growth rate of sofas amounted to …%.
Diagram 3. Dynamics of the volume of the sofa market in India, billion Rs. 
 

For the period 2013-2017 in the structure of industry-wide revenue broken down by federal districts, the main share is occupied by … Union Territories (…%), … Union Territories (…%) and … Union Territories (…%).
Diagram 4. Revenue (net) from the sale of sofas in the union territories for 2013 - 2017,%
 

1.3. Assessment of factors affecting the market
Consider the main factors affecting the market and, accordingly, demand.
Economic
GDP is a macroeconomic indicator that reflects the market value of all final goods and services (that is, those intended for direct consumption) produced per year in all sectors of the economy on the territory of the state for consumption, export and accumulation, regardless of the nationality of the factors of production used. It is the main, most complete official indicator of public welfare. 
Diagram 5. Dynamics of India's GDP, 2013-March 2018, % to the previous year
 

1.4. Sofa Market Life Cycle Stage

To assess the life cycle of the sofa market, it is necessary to consider the stages of development of this industry ...

1.5. Competition from substitute products
According to its intended purpose, the sofa ...

Part 2. Competitive analysis in the sofa market 
2.1. Major players in the market 
The leading players in the sofa market are OOO ""…"", OOO ""…"", OOO ""…"", OOO ""…"" and OOO ""…"". Together, the above companies account for …% of the sofa market...

2.2. Market shares of the largest competitors
As of 2017, the largest sofa market operator in India is …

2.3. Profiles of major cities
...

Part 3. Sofa Production Analysis
3.1. Volume and dynamics of domestic production of sofas
From 2013 to 2017 The volume of production of sofas in India was of a wave-like nature: in 2014 there was an increase in the indicator by …% compared to 2013, in 2015 - a decline by …%, in 2016-2017. the volume of production of sofas again showed an upward trend.  
Diagram 14. Dynamics of production volumes of sofas in India for 2013-2017, pcs. 
 
According to GidMarket analysts, the total revenue of the TOP-6 sofa manufacturers in 2017 amounted to … bn Rs., … by …%, relative to 2016.
Diagram 15. Dynamics of the total revenue of the largest manufacturers (TOP-5) of sofas in India, 2013-2017
 

3.2. Share of exports in production of sofas
For the period 2013-2017 the share of exports in the production of sofas did not exceed …%, therefore, the dynamics of export volumes does not have a significant impact on the volumes of domestic production.
Diagram 16. The share of exports in the production of sofas for 2013 - 2017
 

3.3. Segmentation of sofa production by region 
3.3.1 Production by Union Territories 
The largest share in the production of sofas for the period 2013-2017. invariably occupied by ... Union Territories, ... Union Territories, ... Union Territories and ... Union Territories. Share transferred to the Union Territories in Indian production of sofas during 2013-2017 was …%. 
In 2017, the Ural Union Territories increased its production volume by …%. In addition, a high increase in the indicator was noted for … Union Territories (…%) and … Union Territories (…%). 

3.3.2. Production by states of India
The top five states in India for the production of sofas in 2017 are ... region (...%), ... region (...%), ... region (...%), ... region (...%) and ... region (...%). In 2017, these states together accounted for more than …% of sofa production...

Part 4. Analysis of foreign trade supplies of sofas 
4.1. The volume and dynamics of imports of sofas
Share of imports in the volume of the sofa market in India for the period 2013-2017. was within …%. At the same time, during the study period, the share of imports tended to decrease.
Diagram 18. The volume and dynamics of imports of sofas in natural terms, thousand pieces.
 

The dynamics of imports of sofas to India in monetary terms is similar to imports in physical terms: for the period 2013-2017. took place...
Diagram 19 . The volume and dynamics of imports of sofas in monetary terms 2013-2017, mln USD
 

4.2. Structure of imports by countries
In the structure of imports of sofas to India by sending countries in 2017, there are 3 main countries: …

4.3. The volume and dynamics of exports of sofas
During 2013-2017 Sofa exports from India have been undulating….
Diagram 21. Dynamics of export of sofas in monetary terms in 2013-2017
 

As noted above, for the period 2013-2017. annual export volumes ….
Diagram 22. Dynamics of export of sofas in physical terms in 2013-2017, thousand pieces.
 

Part 5. Sofa Consumption Analysis
5.1. Sofa Consumption Volume Dynamicsв
The dynamics of sofa consumption in physical terms was positive during 2013-2014, the volume of sofa consumption in India from 2013 to 2014
...
Diagram 25. Dynamics of consumption of sofas in physical terms, 2013 - 2017, million pieces
 

Reduction of consumption volumes in physical terms in 2015-2016 was caused by a decrease in real incomes of the population and high inflation rates ...

5.2. Analysis of the results of tenders for the purchase
During the period from 05.06.18/05.07.18/ to / / , … tenders were announced for the purchase of sofas, worth from … thousand Rs. up to … thousand Rs.
...

Part 6. Price Analysis 
6.1. Average Producer Prices by Union Territories
In India as a whole in 2017, the average prices for the products of sofa manufacturers …

6.2 Average consumer prices by state in India
The average price for sofas in India in 2017 was …Rs./piece, … by …% compared to 2016 by …% compared to 2013.
...

Part 7. Assessment of factors of investment attractiveness of the market
...

Part 8. Forecast for the development of the sofa market until 2022
We will analyze the market based on methods based on identifying trends over time, adjusted for expert opinion in the industry.
...

Part 9. Recommendations and conclusions
... 


Diagrams

Diagram 1. Consumer preferences for price, % 
Diagram 2. The ratio of imported and domestic products in the sofa market,% 
Diagram 3. Dynamics of sofa market volume in India, billion Rs. 
Diagram 4. Revenue (net) from the sale of sofas in the union territories for 2013 - 2017, % 
Diagram 5. Dynamics of India's GDP, 2013-March 2018, % to the previous year 
6 Chart. The dynamics of the US dollar against the rupee, Jan. 2015-June 2018, Rs. for 1 US dollar 
Diagram 7. Dynamics of real incomes of the population of India, 2013 - March 2018 
Diagram 8. The volume of retail trade in India, trillion Rs., 2012 - March 2018 
Diagram 9. Dynamics of the number of commissioned residential buildings in 2013-2017, thousand units 
Diagram 10. Population dynamics in India, 2013-March 2018 
Diagram 11. Dynamics of the average interest rate on loans to legal entities, 2013-2018, March 
Diagram 12. Shares of major competitors in the sofa market in 2017, % 
Diagram 13. Dynamics of the total revenue of the largest manufacturers (TOP-5) of sofas in India, 2013-2017 
Diagram 14. Dynamics of production volumes of sofas in India for 2013-2017, pcs. 
Diagram 15. Dynamics of the total revenue of the largest manufacturers (TOP-5) of sofas in India, 2013-2017 
Diagram 16. The share of exports in the production of sofas for 2013 - 2017 
Diagram 17. Structure of production of sofas by states of India, 2017 
Diagram 18. Volume and dynamics of imports of sofas in physical terms, thousand pieces 
Diagram 19. The volume and dynamics of imports of sofas in monetary terms 2013-2017, mln USD 
Diagram 20. Sofa import structure by importing countries in 2016-2017 
Diagram 21. Dynamics of export of sofas in monetary terms in 2013-2017 
Diagram 22. Dynamics of export of sofas in physical terms in 2013-2017, thousand pieces 
Diagram 23. Balance of export and import of sofas in 2013-2017 
Diagram 24. Sofa export structure by exporting countries in 2017 
Diagram 25. Dynamics of consumption of sofas in real terms, 2013 - 2017, million pieces
Diagram 26. Dynamics of consumption of sofas in value terms, 2013 - 2017, billion Rs. 
Diagram 27. Forecast of sofa market volume in 2018-2022, billion Rs. 


Tables 

Table 1. Types of sofas by type of transformation 
Table 2. Types of sofas by design features 
Table 3. Industrial production index by state of India (in % of the previous year), 2013 - May 2018 
Table 4. US dollar against rupee, 2015-2018, Rs. 
Table 5. Weighted average interest rates of credit institutions on credit operations in rupees (% per annum), 2013-2018, March
Table 6. STEP analysis of factors affecting the sofa market 
Table 7. Stages of development of the sofa market in India 
Table 8. Characteristics of goods-substitutes for the product ""sofa"" 
Table 9. The main companies participating in the sofa market in 2017 
Table 10. Sofa production dynamics in India by Union Territories, pcs. 
Table 11. Data on tenders for the purchase of sofas over 100 thousand Rs., announced from 05.06.18/05.07.18/ to / / . 
Table 12. Average producer prices for sofas in the Union Territories, 2013-2017, Rs./pc. 
Table 13. Average consumer prices for sofas by states of India, 2013-2017, Rs./pc. 
Table 14. Assessment of factors of investment attractiveness of the sofa market


All reports