India Bookcases Market (2024-2030) | Value, Trends, Growth, Companies, Industry, Outlook, Analysis, Revenue, Share, Forecast & Size

India Bookcases Market Synopsis

India is the second largest book printing and publishing market in the world. The market for bookcases in India is expected to witness a significant growth over the forecast period (2020-2026). Factors such as increasing literacy rate, improving quality of education, growing disposable income and high demand from educational institutions are driving the demand for bookshelves across India.

Drivers of the Market:

Rising Literacy Rate: According to UNESCO?s Global Education Monitoring report 2019, India has witnessed an increase in its literacy rate from 74% in 2011 to 78% in 2018. This has led to an increased focus on reading which has stimulated an uptick in demand for bookshelves among households as well as educational institutes like schools and colleges. Growing Disposable Income: With rising incomes due to various government initiatives such as ?Make In India? program and improved economic environment have made it possible for people to spend more money on luxury items like bookshelves thus resulting into higher sales figures of these products across Indian markets. High Demand from Educational Institutions: There has been a steady rise in number of students enrolling into private schools & universities accompanied with state government sponsored free education schemes resulting into increased requirement of furniture like bookcases by them thus further contributing towards growth of this market segment during forecast period 2020-2026.

Challenges of the Market:

Price Sensitivity Of Consumers : Bookcases being treated more as a luxurious item rather than necessity product often causes price sensitivity among consumers leading to reluctance towards purchase thereby hindering potential growth prospects of this industry especially during uncertain times created by COVID-19 pandemic where household budgets are tightened significantly compared pre covid-19 scenario.

Key Players of the Market:

Major players operating within this industry include names like Godrej Interio , Durian Industries , FabFurnishetc followed by many local/regional players who offer their own customised range with varied design patterns . Thus making it difficult for new entrants trying penetrate within already competitive landscape while existing ones fighting hard just maintain their share owing erratic customer preferences.

The COVID - 19 Impact on the Market:

The Covid - 19 outbreak had severe negative impact on entire furniture sector including bookcase manufacturing industry too mainly due to lockdown imposed almost all parts country coupled with reduced purchasing power consumers caused drastic fall overall sale volumes that resulted huge losses incurred throughout supply chain network starting raw material suppliers till final delivery point at consumer end.

Key Highlights of the Report:

• India Bookcases Market Outlook
• Market Size of India Bookcases Market, 2023
• Forecast of India Bookcases Market, 2030
• Historical Data and Forecast of India Bookcases Revenues & Volume for the Period 2020-2030
• India Bookcases Market Trend Evolution
• India Bookcases Market Drivers and Challenges
• India Bookcases Price Trends
• India Bookcases Porter's Five Forces
• India Bookcases Industry Life Cycle
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Open Bookcase for the Period 2020-2030
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Enclosed Bookcase for the Period 2020-2030
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Other for the Period 2020-2030
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Library for the Period 2020-2030
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Bookstore for the Period 2020-2030
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Home for the Period 2020-2030
• Historical Data and Forecast of India Bookcases Market Revenues & Volume By Others for the Period 2020-2030
• India Bookcases Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• India Bookcases Top Companies Market Share
• India Bookcases Competitive Benchmarking By Technical and Operational Parameters
• India Bookcases Company Profiles
• India Bookcases Key Strategic Recommendations

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