India Plastic Furniture Market Forecast
The relevance of research
To date, designers are actively using the properties of plastic to produce their collections of home, office and other furniture. Currently, plastic furniture is better, more durable and more environmentally friendly than the old plastic furniture.
Purpose of the study
Analyzing the state of the plastic furniture market in India, assessing the market size, analyzing competitors, as well as determining the factors affecting the plastic furniture market
Content
Chapter 1. Key components of the plastic furniture market
1.1. Market size
1.2. Growth rate of the plastic furniture market
1.3. The ratio of imported and domestic products in the market
1.4. Volume and dynamics of plastic furniture production
1.5. Import of plastic furniture. Volume and dynamics
1.6. Export of plastic furniture. Volume and dynamics
1.7. Share of exports in production
Chapter 2. Economic characteristics of the market
2.1. Plastic furniture market trends
2.2. The main problems of the industry
2.3. Estimation of the number of buyers and their financial capabilities
2.4. Estimated consumption per capita
2.5. Analysis of sectoral indicators of financial and economic activity
2.6. Compact location of industry companies in certain regions
2.7. Life cycle stage of the plastic furniture market
Chapter 3
3.1. Economic components
3.2. Social Components
3.3. Technological components
3.4. Political Components
3.5. STEP analysis of the plastic furniture market
Chapter 4. Assessment of the degree of competition
4.1. Scale of competition (local, regional, national, global)
4.2. Number of competitors and relative market shares of the largest competitors
4.3. Competition from substitute products
Chapter 5 Industry Forecasts
5.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
5.2. Analysis of the impact on the state aid industry at the current date
5.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the plastic furniture market
5.4. Prospects and growth drivers for the plastic furniture market
5.5. Forecast for the development of the plastic furniture market in the context of the current economic crisis due to covid-19
Chapter 6 Forecasting Methodology
6.1. Methods for forecasting key industry indicators
6.2. Sources of information for forecasting
6.3. Timing of forecasting
Research excerpt
Chapter 1. Key components of the plastic furniture market
1.1. Market size
At the end of 2020, the market volume amounted to … million rupees, which is …% more than the previous year 2019.
The furniture industry has undergone many changes since its inception. New styles, shapes are constantly appearing, fashion for colors is changing. Materials other than wood are becoming more and more popular, and, as proof of this, plastic furniture, which …
Plastic furniture is becoming more and more widespread compared to products made from other materials, because ...
Domestic manufacturers of plastic furniture offer a wide range of products for various applications, the most common products are: ...
At home, plastic furniture is used in ...
Indian-made plastic furniture has a number of undeniable advantages over similar foreign products: ...
...
1.2. Growth rate of the plastic furniture market
Market Growth Rate of Indian Plastic Furniture Market 2013-2020 allow us to state that the market is in the stage of …, despite … the growth rates for the period under study, the market volume clearly has … with the potential for further growth, this is indicated, among other things, by …% with a positive forecast …
The dynamics of the volume of the Indian plastic furniture market in monetary terms during the study period has …, which is due to the growth of … plastic furniture, as well as an increase in ... Insignificant … market volume in 2014 is due to ... In 2020. the volume of the market reached its maximum value for the analyzed period, it amounted to … million rupees with a maximum for …%. At the same time, it should be noted that the market reached its maximum value primarily due to ... The minimum value of the market volume falls on … with an indicator of … million Rs., an increase compared to 2015 …%. GidMarket analysts suggest that in the coming years, the Indian plastic furniture market will have ... Market potential ...
1.3. The ratio of imported and domestic products in the market
The share of imports in the Indian plastic furniture market … during the study period and averages …%, while in 2018-2020. share of imports...
GidMarket analysts believe that the share of imported products in the plastic furniture market will be …
Diagram 2. The ratio of imported and domestic products in the plastic furniture market, 2013–2020, %
According to … data, Indian plastic furniture companies sell on average …% of furniture produced in the domestic market, manufacturers are focused more on …
As can be seen in diagram 2, the Indian plastic furniture market is represented by products of … manufacturers in recent years, more than …%. The main countries-suppliers of plastic furniture are ...
The main Indian production facilities are located in ... federal districts. Production of plastic furniture annually …
1.4. Volume and dynamics of plastic furniture production
Chart 3. Dynamics of plastic furniture production in India, 2013-2020
According to Rosstat, the volume of production of plastic furniture in India in 2020 amounted to … thousand Rs in monetary terms. with an increase of …% relative to the indicators of 2019
The dynamics of the production of plastic furniture in India has multidirectional dynamics with … a development trend – in the study period, the average annual growth rate was …%.
A slight decrease in production volumes was noted in ..., in …, the decrease in production volumes became more significant and amounted to ...%, while the growth rate in subsequent periods allows us to say ... One of the reasons for the decline in production in 2018 ... The minimum value of the production volume falls on … and amounts to … thousand Rs., the maximum value of the production volume reached in 2020 with an increase compared to 2019 by …% and amounted to … thousand Rs.
With an increase in production volumes, there is no annual increase in the volume of domestic ..., which is due to a decrease or increase in volumes ... In a detailed examination of the share of imports in the market, it was previously noted that the share of imports in the market ...
It should be noted that the increase in production volumes is primarily due to …
1.5. Import of plastic furniture. Volume and dynamics
The share of imports in the Indian plastic furniture market during the study period is …, on average it is …%. The volume of imports in monetary terms has …, which is due to … for plastic furniture, the average annual increase is …%. At the same time, imports of plastic furniture in physical terms … in 2013-2016, followed by ... In 2020, the volume of imports in monetary terms reaches … million Rs. with the maximum growth in the study period …%, the share of imports in 2020 amounted to …%. The minimum volume of imports of plastic furniture in monetary terms falls on … years – … million Rs., in physical terms, the volume of imports is also …
1.6. Export of plastic furniture. Volume and dynamics
During 2013-2020 the volume of export of plastic furniture from India in monetary terms has unequivocally …, the average annual growth rate in the study period is …%, while the decrease in volumes is observed only in … g. The share of exports in production is quite …
The maximum value of exports in monetary terms falls on 2020 and amounted to … million Rs., while the volume of exports in physical terms in 2020 also reached its maximum value and amounted to ... tons. by … year and amounts to … million Rs., which is due to the minimum … The minimum value of exports in physical terms falls on … year and amounts to … tons with a negative growth rate compared to 2013 in …%. Export of plastic furniture in monetary terms in the study period correlates with volumes of …
1.7. Share of exports in production
The share of exports in production is stable … during the study period, tends to …%. In recent years, the share of exports in production ... At the same time, for Indian manufacturers, export deliveries are ...
Chapter 2. Economic characteristics of the market
2.1. Plastic furniture market trends
...
2.2. The main problems of the industry
...
2.3. Estimation of the number of buyers and their financial capabilities
During 2019-2020 India's population shows ... ... ...
Earlier, Rosstat published a demographic forecast up to 2036. The most optimistic scenario assumes an increase in the country's population to 150,1 million people. by early 2036. The most pessimistic is …
According to the results of the crisis year 2020, real disposable money incomes of Indians decreased …% in annual terms, follows from ... From 2014 to 2017. real incomes of the population in India were declining, in 2018 they showed …%, and at the end of 2019 …%. At the end of 2020, they lag behind by …% from the level of 2013, the last year of steady income growth.
The Ministry of Economic Development expects that in 2021 real disposable income will reach …%, and then will grow by …%. A number of economists do not expect ...
2.4. Estimated consumption per capita
The dynamics of change in the consumption of plastic furniture tends to ... in the study period. The volume of per capita consumption has … dynamics until 2016, then there is an annual … In 2016, the decrease in the indicator …% compared to 2015, the indicator reached the minimum value for the study period and amounted to … rupees per person per year, which is due to …
In general, the dynamics of the consumption volume indicator correlates with the dynamics of …
2.5. Analysis of sectoral indicators of financial and economic activity
Let's consider industry indicators of financial and economic activity of the plastic furniture industry, which is part of the production industry ...
Gross margin is an economic indicator that characterizes the ratio of gross profit to revenue and allows you to evaluate the efficiency of an industry or enterprise.
Gross margin of the other furniture industry in 2015-2018 quite ... and has ..., the deviation from the same indicator for all sectors of the Indian economy during 2015-2018. … is the gross margin of the industry … the average for all sectors of the Indian economy. The maximum value of the indicator is in … yr – …%, while the value of the indicator is by …% … the value of the indicator in all sectors of the Indian economy. In subsequent years, the gross margin of the other furniture industry is declining …, in 2020 its value reaches a minimum level and amounts to …%, while it remains ..
Diagram 10. Profitability before tax (profit of the reporting period) in the plastic furniture industry in comparison with all sectors of the Indian economy, 2013-2020, %
Return on profit before tax is an economic indicator that characterizes ...
Profitability before tax in the other furniture industry is quite ..., throughout the study period it is ... the average for all sectors of the Indian economy. From 2015, the indicator starts ... In 2020, the profitability before tax of the other furniture industry reaches …%. In general, the level of profitability in the other furniture industry can be estimated as …
The current (total) liquidity ratio is a financial ratio equal to the ratio of current (current) assets to ...
The value of the coefficient is considered normal ...
Current liquidity ratio for the other furniture industry in 2013-2020 …, during the period under study, its average value is … times. During the period under study, there are insignificant ... In recent years, there has been an insignificant ... current liquidity for the other furniture industry, which is due to ...
Absolute liquidity ratio is a financial ratio equal to the ratio ...
The financial position of the industry is recognized as good when the absolute liquidity ratio ...
The value of the absolute liquidity of the other furniture industry, including the production of plastic furniture, during the study period ... is similar to that for all sectors of the Indian economy, while the value of ... During the study period, insignificant ... are observed, while since 2017 the value of absolute liquidity for the manufacturing industry other furniture ... These facts speak of its dependence on ...
2.6. Compact location of industry companies in certain regions
To determine the compactness of the distribution of companies in the industry, consider the volume of production in monetary terms per each state of India, which will indicate the degree of concentration of companies in the industry in this region.
Diagram 12. Compactness of location of companies in the industry in certain regions
The largest number of companies are concentrated in the … region – …%, since the … federal district as a whole has all the prerequisites for … The main states of the … federal district, where plastic furniture manufacturers are located, are … region and …, their shares are …% and … % respectively. …
2.7. Life cycle stage of the plastic furniture market
...
Chapter 3
3.1. Economic components
Gross domestic product (GDP) is one of the most important macroeconomic indicators.
It reflects the market value of all final goods and services intended for direct ...
GDP is expressed in…
The decrease in the index of physical volume of GDP for 2020 was affected by the fall of …
The decline in global demand for energy resources has affected the reduction of …
...
The dynamics of GDP in 2020 relative to 2019 was affected by a decrease in domestic final demand (…%) and an increase in net exports of goods and services due to a faster decline in imports (…%) compared to exports (…%).
Final consumption expenditure…
...
3.2. Social Components
...
3.3. Technological components
...
3.4. Political Components
...
3.5. STEP analysis of the plastic furniture market
Table 3. STEP analysis of factors affecting the plastic furniture market
Based on the analysis of factors affecting the plastic furniture market, there is a balance ...
Restraining factors - ... The following technological and social factors have a stimulating effect on the analyzed market: ...
Chapter 4. Assessment of the degree of competition
4.1. Scale of competition (local, regional, national, global)
...
4.2. Number of competitors and relative market shares of the largest competitors
The Indian market of plastic furniture is represented by companies focused on the production ... Table 4 provides information on the 5 largest market operators, whose market share is ...%, of the total companies in the Indian market ...
The largest in the plastic furniture market, according to GidMarket, can be considered 5 companies that have …
The largest players in the plastic furniture market are located in …, Republic …, … regions. The level of competition between Indian companies…there are opportunities…
The market shares of the largest operators of the plastic furniture market are calculated on the basis of …
Diagram 15. Shares of the largest competitors in the plastic furniture market in 2020, %
The market leaders are LLC “…” and LLC “…” with shares of …% and …%, respectively. Next comes LLC … The total share of other enterprises is …%.
The production of plastic furniture is growing…, the bulk of the finished products of Indian production are sent to…
4.3. Competition from substitute products
...
Chapter 5 Industry Forecasts
5.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
In 2020, many markets felt the impact of the pandemic and the onset of the economic crisis, the plastic furniture market in India was no exception, but the crisis in 2020 affected it ...
Let us consider the impact of recent crises (the global crisis in 2008 and the currency crisis in India in 2014) on the production of plastic furniture in India.
Table 5. Assessment of the impact of recent crises on the industry
...
5.2. Analysis of the impact on the state aid industry at the current date
...
5.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the plastic furniture market
...
5.4. Prospects and growth drivers for the plastic furniture market
...
It is worth noting that one of the most important growth drivers for the plastic furniture market in India is the growth of the economy, and at the same time the growth in incomes of the population and their purchasing power. Consider the forecast indicators for the development of the Indian economy for the period 2021-2023. under two scenarios.
...
5.5. Forecast for the development of the plastic furniture market in the context of the current economic crisis due to covid-19
...
Chapter 6 Forecasting Methodology
6.1. Methods for forecasting key industry indicators
...
6.2. Sources of information for forecasting
...
6.3. Timing of forecasting
The forecast belongs to the medium-term category - 5 years (2021-2025)
Diagrams
Diagram 1. Dynamics of the plastic furniture market volume, 2013–2020
Diagram 2. The ratio of imported and domestic products in the plastic furniture market, 2013–2020, %
Chart 3. Dynamics of plastic furniture production in India, 2013-2020
Diagram 4. Volume and dynamics of imports of plastic furniture, 2013–2020
Diagram 4.1. Volume and dynamics of imports of plastic furniture in physical terms, 2013–2020
Diagram 5. Volume and dynamics of plastic furniture exports, 2013–2020
Diagram 5.1. The volume and dynamics of exports of plastic furniture in physical terms, 2013–2020
Chart 6. Share of exports in production, 2013–2020, %
Diagram 7. Population dynamics in India, as of 01 Jan. 2012–2021
Chart 8. Dynamics of real income of the population of India, 2012-2020, available period 2021
Chart 9. Consumption in the plastic furniture market per capita, 2013-2020
Diagram 10. Profitability before tax (profit of the reporting period) in the plastic furniture industry in comparison with all sectors of the Indian economy, 2013-2020, %
Diagram 11. Current liquidity (total coverage) for the plastic furniture industry for 2013–2020, times
Diagram 12. Compactness of location of companies in the industry in certain regions
Figure 1. Life cycle stage of the plastic furniture market
Chart 13. India's GDP evolution, 2012-2020, available period 2021
Chart 14. Monthly dynamics of the US dollar against the rupee, 2016-2021 available period, Rs. for 1 US dollar
Diagram 15. Shares of the largest competitors in the plastic furniture market in 2020, %
Chart 16. Forecast of plastic furniture market size in 2021-2025
Tables
Table 1. Gross margin of the plastic furniture industry compared to all sectors of the Indian economy, 2015-2020, %
Table 2. Absolute liquidity of the plastic furniture industry compared to all sectors of the Indian economy, 2015-2020, times
Table 3. STEP analysis of factors affecting the plastic furniture market
Table 4. The main companies participating in the plastic furniture market in 2020
Table 5. Assessment of the impact of recent crises on the industry
Table 6. Analysis of the impact on the industry of the state aid proposed to date
Table 7. Forecast indicators of the development of the Indian economy
All reports