Market Forecast By Product Type (Home furniture market, Home textiles market, Floor coverings market), By Distribution Channel (Offline Retail, Online Retail) And Competitive Landscape
Product Code: ETC016788 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Indonesia Home Furnishings Market |
Forecast period | 2025-2031 |
CAGR |
8% |
Growing Sector | Residential |
The Indonesia Home Furnishings Market report thoroughly covers the market by Product Typeand Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Indonesia Home Furnishings Markethas been experiencing growth over the past years and is expected to grow at a significant rate in the coming years. The increasing disposable income, government initiatives, urbanization, the rising influence of social media, available at affordable prices, and growing economy are factors driving the growth of the market.
According to 6Wresearch, theIndonesia Home Furnishings Marketsize is expected to grow at a significant CAGR of 8% during 2025-2031.One of the key drivers of the Indonesia home furnishings market is the availability of a wide range of products at affordable prices.A large number of local manufacturers and international brands are competing in the market, leading to competitive pricing and attractive deals for consumers.Additionally, the growing influence of social media and home renovation shows has also played a significant role in driving the demand for home furnishings. Consumers are now exposed to new design trends, leading to incorporating these designs in their homes. Moreover, with the rise in disposable income due to the growing economy of the country, people have more money in their hands and are willing to spend to decorate their homes.
One of the main challenges is the lack of skilled labour in the manufacturing sector.Another challenge is the increasing competition from e-commerce platforms.Moreover, the rise of environmental awareness raised the growing demand for sustainable and eco-friendly home furnishings which is a challenge for the manufacturers to incorporate sustainable practices.
Some of the key players in the Indonesian home furnishings market include PT Ace Hardware Indonesia Tbk, IKEA Indonesia Retail PT, Informa Furnishings PT, and PT Matahari Department Store Tbk. These companies dominate the market with their wide range of products and established distribution networks.
One of the key initiatives taken by the government is the establishment of industry clusters for home furnishings. These clusters bring together various stakeholders in the industry including manufacturers, suppliers, designers, and exporters to collaborate and share knowledge.The government has set up special economic zones (SEZs) that provide tax incentives and other benefits to businesses operating within these areas to encourage investments in this sector. Furthermore, the government has also launched campaigns and programs to raise awareness about the benefits of buying locally made home furnishings.
The Indonesia home furnishings market is expected to witness significant growth in the coming years due to factors such as rapid urbanization, changing lifestyles, and increasing disposable incomes. Technology advancements are also expected to drive the market with the introduction of smart home furnishing products and e-commerce platforms making it easier for consumers to purchase home furnishings. The market is also likely to witness a shift towards environmentally sustainable products, with the growing awareness of eco-friendly practices.
According to Ravi Bhandari, Research Head, 6Wresearch, thehome furnituresegment is expected to dominate the Indonesia home furnishings market due to the rising demand for modern and stylish furniture among consumers, as well as the increasing disposable income in the country.
In terms of distribution channels, the online retail segment is expected to witness significant growth due to the increasing penetration of e-commerce platforms and the growing trend of online shopping among consumers.
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Home Furnishings Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Home Furnishings Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Home Furnishings Market - Industry Life Cycle |
3.4 Indonesia Home Furnishings Market - Porter's Five Forces |
3.5 Indonesia Home Furnishings Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Indonesia Home Furnishings Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Indonesia Home Furnishings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Home Furnishings Market Trends |
6 Indonesia Home Furnishings Market, By Types |
6.1 Indonesia Home Furnishings Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Home Furnishings Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Indonesia Home Furnishings Market Revenues & Volume, By Home furniture market, 2021 - 2031F |
6.1.4 Indonesia Home Furnishings Market Revenues & Volume, By Home textiles market, 2021 - 2031F |
6.1.5 Indonesia Home Furnishings Market Revenues & Volume, By Floor coverings market, 2021 - 2031F |
6.2 Indonesia Home Furnishings Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Home Furnishings Market Revenues & Volume, By Offline Retail, 2021 - 2031F |
6.2.3 Indonesia Home Furnishings Market Revenues & Volume, By Online Retail, 2021 - 2031F |
7 Indonesia Home Furnishings Market Import-Export Trade Statistics |
7.1 Indonesia Home Furnishings Market Export to Major Countries |
7.2 Indonesia Home Furnishings Market Imports from Major Countries |
8 Indonesia Home Furnishings Market Key Performance Indicators |
9 Indonesia Home Furnishings Market - Opportunity Assessment |
9.1 Indonesia Home Furnishings Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Indonesia Home Furnishings Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Indonesia Home Furnishings Market - Competitive Landscape |
10.1 Indonesia Home Furnishings Market Revenue Share, By Companies, 2021 |
10.2 Indonesia Home Furnishings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |