Overview of Furniture Business in India
Furniture business is a profitable manufacturing idea in India, with significant contributions from states like Gujarat, Kashmir, Punjab, Uttar Pradesh, and Kerala. The industry offers a variety of furniture types for different spaces, driven by growing infrastructure and living standards.
Profitability of Furniture Business
A profitable furniture business in India can generate significant revenue, with profit margins ranging from 40-60%. Leveraging strategies to raise revenue, reduce costs, and focus on high-margin products are essential for profitability.
Future of Furniture Business in India
The furniture industry in India is poised for growth, with market size projected to reach US$ 54.3 Billion by 2032. Factors such as demand for space-saving solutions, government initiatives, and e-commerce platforms will drive market expansion.
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