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Indonesia Furniture Market Analysis - Size and Forecast 2024-2028

Indonesia Furniture Market Analysis - Size and Forecast 2024-2028

Published: Nov 2024 126 Pages SKU: IRTNTR72064

Market Overview at a Glance

$4.00 B
Market Opportunity
14.2%
CAGR
12.4
YoY growth 2023-2024(%)

Indonesia Furniture Market Size 2024-2028 

The indonesia furniture market size is forecast to increase by USD 4 billion at a CAGR of 14.2% between 2023 and 2028.

  • The market is experiencing significant growth due to several key factors. The first trend driving market growth is the rapid urbanization, leading to an increasing demand for furniture in both residential and commercial sectors. Another trend is the rising emphasis on eco-friendly furniture, as consumers become more environmentally conscious. However, the unstable prices of raw materials, such as wood and steel, pose a challenge to furniture manufacturers and retailers. Despite these challenges, the market is expected to continue its growth trajectory, offering opportunities for businesses to expand their offerings and cater to the evolving needs of consumers. The market analysis report provides a comprehensive overview of these trends and growth factors, helping stakeholders make informed decisions and capitalize on the potential of the Indonesian furniture market.

    • What will be the size of the Indonesia Furniture Market during the forecast period?

    Furniture Market in Indonesia Size

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  • The market is a significant player In the global industry, catering to both residential and commercial spaces. This dynamic market intersects with the real estate sector, particularly in housing projects and new residential units, as well as In the hospitality industry for hotels and retail spaces. In recent years, the market has seen a trend towards sustainable materials, such as bamboo, recycled wood, and reclaimed wood, reflecting a growing global consciousness for eco-friendly products. Additionally, innovative technologies like 3D printing and augmented reality (AR) are increasingly influencing furniture design and manufacturing. Wood furniture remains a popular choice, with both natural and processed woods, including single wood types like plywood, MDF, particleboard, and composite woods, in demand.
  • Stains, paints, and treatments continue to be essential for customizing furniture styles and designs to fit various residential settings. Overall, the Indonesian furniture market offers a rich diversity of offerings, making it an intriguing prospect for businesses and consumers alike.

    • How is this market segmented and which is the largest segment?

    The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

    • Type
      • Residential
      • Commercial
    • Delivery Mode
      • Offline
      • Online
    • Geography
      • Indonesia

    By Type Insights

    • The residential segment is estimated to witness significant growth during the forecast period.

    The market encompasses a range of products including lounge chairs, benches, sofas, tables for dining and kitchen use, outdoor seating, and various chairs. This segment experiences growth due to the rising preference for multifunctional, space-saving residential furniture, particularly foldable beds and extendable sofa sets. The real estate sector's expansion in Indonesia, coupled with an increase in housing construction projects, fuels the demand for luxury residential furniture. In 2020, the Indonesian Ministry of Public Works and Housing announced subsidies for home loans for 175,000 low-income families, further boosting the residential furniture market. Commercial furniture, including office furniture, also experiences growth due to the increasing trend of remote work and flexible work arrangements.

    Unique designs, sustainable materials like bamboo, recycled wood, and reclaimed wood, and technology integration through 3D printing, augmented reality (AR), and virtual reality (VR) are key trends in both residential and commercial furniture markets. Sustainable initiatives, such as the use of natural wood, processed wood, and composite materials like plywood, MDF, and particleboard, are gaining popularity. Styles and designs, stains, paints, and treatments cater to various residential and commercial settings, including institutional settings. The market incorporates ergonomic furniture, health and wellness considerations, and space utilization in interior design aesthetics. Key players offer compact, multifunctional furniture and space-saving products to cater to urban areas' infrastructural development.

    The market also includes antimicrobial agents, environment-friendly furniture with non-toxic components, and FSC-certified wood.

    Furniture Market in Indonesia Size

    Get a glance at the market share of various segments Request Free Sample

    The Residential segment was valued at  USD 1886.50 million in 2018 and showed a gradual increase during the forecast period.

    Market Dynamics

    Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

    What are the key market drivers leading to the rise in adoption of Indonesia Furniture Market?

    Rapid growth in urbanization is the key driver of the market.

  • The market has witnessed significant growth due to the increasing urbanization and the resulting demand for residential and commercial buildings. In urban areas, both homeowners and businesses are investing in unique and stylish furniture to enhance interior decoration In their spaces. Furniture made from sustainable materials, such as bamboo, recycled wood, and reclaimed wood, is gaining popularity due to its eco-friendly nature and natural beauty. The real estate sector, including housing construction and renovation activities, is a major contributor to the furniture market. Homeowners are seeking ergonomic and modular furniture to optimize space utilization In their residential settings. Office furniture market is also thriving due to the increasing trend of remote work and flexible work arrangements.
  • Office design is focusing on creating comfortable and health-conscious workspaces, leading to an increased demand for ergonomic furniture. The furniture industry in Indonesia is embracing technology, with 3D printing, augmented reality (AR), and virtual reality (VR) being used to create unique designs. Sustainability is a key focus, with initiatives for recycling initiatives and the use of renewable resources. Wood furniture continues to dominate the market, with both natural wood and processed wood, including plywood, MDF, and particleboard, being popular choices. The market caters to a wide range of styles and designs, from rustic to vintage, and offers a variety of stains, paints, and treatments.
  • Furniture stores, both monobrand and online distribution channels, are catering to the growing demand for space-saving and multifunctional products. The hospitality sector is also a significant consumer of furniture, with hotels and resorts investing in high-quality and durable furniture to enhance guest experiences. Infrastructural development and IT have also influenced the market, with antimicrobial agents and environment-friendly furniture being in demand due to the need for non-toxic components and FSC-certified wood. The market offers a wide range of products, including beds, sofas and couches, and furniture for various rooms such as the living room, bedroom, dining room, and kitchen.
  • Overall, the market is a dynamic and evolving industry that caters to the diverse needs of its consumers.

    • What are the market trends shaping the Indonesia Furniture Market?

    Rising emphasis on eco-friendly furniture is the upcoming trend In the market.

  • The market is experiencing significant growth due to increasing trends in home renovation and interior decoration, particularly in both residential and commercial spaces. The real estate sector's expansion, including housing construction and renovation activities, is driving the demand for unique designs in furniture. Sustainable materials, such as bamboo, recycled wood, and reclaimed wood, are gaining popularity in Indonesia's furniture industry. Three-dimensional printing, augmented reality (AR), and virtual reality (VR) technologies are also influencing the market, allowing for customizable and innovative furniture designs. The office furniture market is also thriving, with remote work and flexible work arrangements leading to a demand for modular and ergonomic furniture.
  • Health and wellness are essential factors in furniture design, leading to an increase in demand for ergonomic furniture and natural wood pieces. Sustainable initiatives, such as recycling initiatives and the use of renewable resources, are becoming increasingly important In the Wood Furniture Market. Compact and multifunctional furniture, space utilization, and interior design aesthetics are also key trends In the furniture market. Styles and designs, including rustic and vintage, continue to be popular. Ecommerce platforms are making it easier for consumers to purchase furniture online, and the hospitality sector is also a significant market for furniture. The market is expected to continue growing, with a focus on eco-friendly and sustainable furniture, space-saving products, and unique designs.
  • The use of antimicrobial agents and non-toxic components is also becoming more prevalent in furniture manufacturing. The market is diverse, with a range of furniture stores, from monobrand to online distribution, catering to residential, commercial, and institutional settings.

    • What challenges does Indonesia Furniture Market face during the growth?

    Unstable prices of raw materials of furniture is a key challenge affecting the market growth.

  • The market is experiencing significant changes due to various factors. In the residential and commercial sectors, the real estate sector's growth and home renovation projects have fueled the demand for furniture. Interior decoration trends favor sustainable materials, such as bamboo, recycled wood, and reclaimed wood, which are increasingly popular. Indonesia's Wood Furniture Market is witnessing innovation with the adoption of technologies like 3D printing, augmented reality (AR), and virtual reality (VR) in furniture design. Unique designs and ergonomic furniture cater to the needs of remote work and flexible work arrangements in offices. The Office Furniture Market is evolving, with modular and ergonomic furniture gaining popularity for their space utilization benefits.
  • Health and wellness considerations are driving the demand for furniture that promotes good posture and reduces stress. In the residential sector, housing construction and renovation activities continue, with stylish designs and sustainable materials in high demand. Living room, bedroom, dining room, and kitchen furniture are popular categories, with recycling initiatives and eco-friendly furniture gaining traction. Wood furniture remains a favorite due to its natural beauty and renewable resource status. Natural wood, processed wood, single wood type, composite wood, and plywood are commonly used. Furniture stores, both monobrand and online distribution channels, cater to the diverse needs of consumers.
  • The hospitality sector also contributes to the furniture market, with a focus on unique designs and durability for high-traffic areas. The use of antimicrobial agents and non-toxic components in furniture is becoming increasingly important. Compact and multifunctional furniture, as well as space-saving products, cater to the needs of urban areas and infrastructural development. The furniture industry continues to adapt to changing consumer preferences and technological advancements.

    • Exclusive Indonesia Furniture Market Customer Landscape

    The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

    Furniture Market in Indonesia Share by Geography

     Customer Landscape

    Key Companies & Market Insights

    Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.

    The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

    • CV Raisa House Indonesia
    • Dawood Indonesia
    • Fabelio
    • Galeri Jepara
    • GGS
    • Informa
    • Integra Group
    • Inter IKEA Holding BV
    • Kalingga Putra
    • Lio Collection
    • PT Chitose International Tbk.
    • PT VIVERE Multi Kreasi
    • Republic Furniture Group
    • Vixi Inc.
    • Wahana Kayu
    • Wisanka Indonesia

    Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

    Research Analyst Overview

    The market is a significant player In the global furniture industry, catering to both residential and commercial sectors. This market is driven by various factors, including the real estate sector's growth, home renovation activities, and the increasing trend towards sustainable and eco-friendly furniture. Indonesia's furniture industry is known for its unique designs and diverse range of styles. The country's rich natural resources, such as bamboo, recycled wood, and reclaimed wood, are popular choices for furniture production. These materials offer a rustic and vintage aesthetic, making them a preferred option for interior decoration in both residential and commercial settings. Sustainability is a key trend In the furniture market, with consumers increasingly seeking furniture made from renewable resources.

    Wood remains a popular choice due to its natural beauty and durability. However, there is also a growing demand for processed woods, such as plywood, MDF, and particleboard, which offer cost-effective alternatives. The office the market is also experiencing significant growth, driven by the increasing trend towards remote work and flexible work arrangements. Office design is becoming more focused on ergonomics and health and wellness, with modular and compact furniture gaining popularity for their space-saving properties. The residential furniture market is another significant segment, with housing construction and renovation activities driving demand. Stylish designs and unique pieces are popular choices for residential settings, with living room, bedroom, dining room, and kitchen furniture being the most sought-after categories.

    Recycling initiatives are also gaining traction In the furniture industry, with many manufacturers adopting sustainable practices to reduce their environmental footprint. This includes using antimicrobial agents, non-toxic components, and FSC-certified wood. The e-commerce sector is transforming the way furniture is bought and sold in Indonesia. E-commerce platforms and online distribution channels have made it easier for consumers to access a wide range of furniture options from the comfort of their homes. The hospitality sector is also a significant customer base for furniture manufacturers, with hotels and resorts requiring large quantities of furniture for their properties. In conclusion, the market is a dynamic and diverse industry, driven by various factors such as real estate growth, home renovation, sustainability, and e-commerce.

    The market offers a wide range of furniture options, from unique designs to sustainable materials, catering to both residential and commercial sectors. The industry's focus on innovation and sustainability is expected to continue driving growth In the coming years.

    Market Scope

    Report Coverage

    Details

    Page number

    126

    Base year

    2023

    Historic period

    		 2018-2022

    Forecast period

    2024-2028

    Growth momentum & CAGR

    Accelerate at a CAGR of 14.2%

    Market growth 2024-2028

    USD 3996.4 million

    Market structure

    Fragmented

    YoY growth 2023-2024(%)

    12.4

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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    What are the Key Data Covered in this Market Research Report?

    • CAGR of the market during the forecast period
    • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
    • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
    • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
    • Growth of the market across Indonesia
    • Thorough analysis of the market’s competitive landscape and detailed information about companies
    • Comprehensive analysis of factors that will challenge the growth of market companies

    We can help! Our analysts can customize this market research report to meet your requirements Get in touch

     

    1 Executive Summary

    • 1.1 Market overview
      • Executive Summary - Chart on Market Overview
      • Executive Summary - Data Table on Market Overview
      • Executive Summary - Chart on Country Market Characteristics
      • Executive Summary - Chart on Market Segmentation by Type
      • Executive Summary - Chart on Market Segmentation by Delivery Mode
      • Executive Summary - Chart on Company Market Positioning

    2 Technavio Analysis

    • 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • 2.2 Criticality of inputs and Factors of differentiation
      • Overview on criticality of inputs and factors of differentiation
    • 2.3 Factors of disruption
      • Overview on factors of disruption
    • 2.4 Impact of drivers and challenges
      • Impact of drivers and challenges in 2023 and 2028

    3 Market Landscape

    • 3.1 Market ecosystem
      • Parent Market
      • Data Table on - Parent Market
    • 3.2 Market characteristics
      • Market characteristics analysis
    • 3.3 Value chain analysis
      • Value Chain Analysis

    4 Market Sizing

    • 4.1 Market definition
      • Offerings of companies included in the market definition
    • 4.2 Market segment analysis
      • Market segments
    • 4.3 Market size 2023
      • 4.4 Market outlook: Forecast for 2023-2028
        • Chart on Indonesia - Market size and forecast 2023-2028 ($ million)
        • Data Table on Indonesia - Market size and forecast 2023-2028 ($ million)
        • Chart on Indonesia: Year-over-year growth 2023-2028 (%)
        • Data Table on Indonesia: Year-over-year growth 2023-2028 (%)

      5 Historic Market Size

      • 5.1 Furniture Market in Indonesia 2018 - 2022
        • Historic Market Size - Data Table on Furniture Market in Indonesia 2018 - 2022 ($ million)
      • 5.2 Type segment analysis 2018 - 2022
        • Historic Market Size - Type Segment 2018 - 2022 ($ million)
      • 5.3 Delivery Mode segment analysis 2018 - 2022
        • Historic Market Size - Delivery Mode Segment 2018 - 2022 ($ million)

      6 Qualitative Analysis

      • 6.1 Impact of AI on the Furniture Market in Indonesia

        7 Five Forces Analysis

        • 7.1 Five forces summary
          • Five forces analysis - Comparison between 2023 and 2028
        • 7.2 Bargaining power of buyers
          • Bargaining power of buyers - Impact of key factors 2023 and 2028
        • 7.3 Bargaining power of suppliers
          • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
        • 7.4 Threat of new entrants
          • Threat of new entrants - Impact of key factors in 2023 and 2028
        • 7.5 Threat of substitutes
          • Threat of substitutes - Impact of key factors in 2023 and 2028
        • 7.6 Threat of rivalry
          • Threat of rivalry - Impact of key factors in 2023 and 2028
        • 7.7 Market condition
          • Chart on Market condition - Five forces 2023 and 2028

        8 Market Segmentation by Type

        • 8.1 Market segments
          • Chart on Type - Market share 2023-2028 (%)
          • Data Table on Type - Market share 2023-2028 (%)
        • 8.2 Comparison by Type
          • Chart on Comparison by Type
          • Data Table on Comparison by Type
        • 8.3 Residential - Market size and forecast 2023-2028
          • Chart on Residential - Market size and forecast 2023-2028 ($ million)
          • Data Table on Residential - Market size and forecast 2023-2028 ($ million)
          • Chart on Residential - Year-over-year growth 2023-2028 (%)
          • Data Table on Residential - Year-over-year growth 2023-2028 (%)
        • 8.4 Commercial - Market size and forecast 2023-2028
          • Chart on Commercial - Market size and forecast 2023-2028 ($ million)
          • Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
          • Chart on Commercial - Year-over-year growth 2023-2028 (%)
          • Data Table on Commercial - Year-over-year growth 2023-2028 (%)
        • 8.5 Market opportunity by Type
          • Market opportunity by Type ($ million)
          • Data Table on Market opportunity by Type ($ million)

        9 Market Segmentation by Delivery Mode

        • 9.1 Market segments
          • Chart on Delivery Mode - Market share 2023-2028 (%)
          • Data Table on Delivery Mode - Market share 2023-2028 (%)
        • 9.2 Comparison by Delivery Mode
          • Chart on Comparison by Delivery Mode
          • Data Table on Comparison by Delivery Mode
        • 9.3 Offline - Market size and forecast 2023-2028
          • Chart on Offline - Market size and forecast 2023-2028 ($ million)
          • Data Table on Offline - Market size and forecast 2023-2028 ($ million)
          • Chart on Offline - Year-over-year growth 2023-2028 (%)
          • Data Table on Offline - Year-over-year growth 2023-2028 (%)
        • 9.4 Online - Market size and forecast 2023-2028
          • Chart on Online - Market size and forecast 2023-2028 ($ million)
          • Data Table on Online - Market size and forecast 2023-2028 ($ million)
          • Chart on Online - Year-over-year growth 2023-2028 (%)
          • Data Table on Online - Year-over-year growth 2023-2028 (%)
        • 9.5 Market opportunity by Delivery Mode
          • Market opportunity by Delivery Mode ($ million)
          • Data Table on Market opportunity by Delivery Mode ($ million)

        10 Customer Landscape

        • 10.1 Customer landscape overview
          • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

        11 Drivers, Challenges, and Opportunity/Restraints

        • 11.1 Market drivers
          • 11.2 Market challenges
            • 11.3 Impact of drivers and challenges
              • Impact of drivers and challenges in 2023 and 2028
            • 11.4 Market opportunities/restraints

              12 Competitive Landscape

              • 12.1 Overview
                • 12.2 Competitive Landscape
                  • Overview on criticality of inputs and factors of differentiation
                • 12.3 Landscape disruption
                  • Overview on factors of disruption
                • 12.4 Industry risks
                  • Impact of key risks on business

                13 Competitive Analysis

                • 13.1 Companies profiled
                  • Companies covered
                • 13.2 Company ranking index
                  • Company ranking index
                • 13.3 Market positioning of companies
                  • Matrix on companies position and classification
                • 13.4 CV Raisa House Indonesia
                  • CV Raisa House Indonesia - Overview
                  • CV Raisa House Indonesia - Product / Service
                  • CV Raisa House Indonesia - Key offerings
                  • SWOT
                • 13.5 Fabelio
                  • Fabelio - Overview
                  • Fabelio - Product / Service
                  • Fabelio - Key offerings
                  • SWOT
                • 13.6 GGS
                  • GGS - Overview
                  • GGS - Product / Service
                  • GGS - Key offerings
                  • SWOT
                • 13.7 Informa
                  • Informa - Overview
                  • Informa - Product / Service
                  • Informa - Key offerings
                  • SWOT
                • 13.8 Inter IKEA Holding BV
                  • Inter IKEA Holding BV - Overview
                  • Inter IKEA Holding BV - Product / Service
                  • Inter IKEA Holding BV - Key news
                  • Inter IKEA Holding BV - Key offerings
                  • SWOT
                • 13.9 Lio Collection
                  • Lio Collection - Overview
                  • Lio Collection - Product / Service
                  • Lio Collection - Key offerings
                  • SWOT
                • 13.10 PT Chitose International Tbk.
                  • PT Chitose International Tbk. - Overview
                  • PT Chitose International Tbk. - Product / Service
                  • PT Chitose International Tbk. - Key offerings
                  • SWOT
                • 13.11 PT VIVERE Multi Kreasi
                  • PT VIVERE Multi Kreasi - Overview
                  • PT VIVERE Multi Kreasi - Product / Service
                  • PT VIVERE Multi Kreasi - Key offerings
                  • SWOT
                • 13.12 Republic Furniture Group
                  • Republic Furniture Group - Overview
                  • Republic Furniture Group - Product / Service
                  • Republic Furniture Group - Key offerings
                  • SWOT
                • 13.13 Wisanka Indonesia
                  • Wisanka Indonesia - Overview
                  • Wisanka Indonesia - Product / Service
                  • Wisanka Indonesia - Key offerings
                  • SWOT

                14 Appendix

                • 14.1 Scope of the report
                  • 14.2 Inclusions and exclusions checklist
                    • Inclusions checklist
                    • Exclusions checklist
                  • 14.3 Currency conversion rates for US$
                    • Currency conversion rates for US$
                  • 14.4 Research methodology
                    • Research methodology
                  • 14.5 Data procurement
                    • Information sources
                  • 14.6 Data validation
                    • Data validation
                  • 14.7 Validation techniques employed for market sizing
                    • Validation techniques employed for market sizing
                  • 14.8 Data synthesis
                    • Data synthesis
                  • 14.9 360 degree market analysis
                    • 360 degree market analysis
                  • 14.10 List of abbreviations
                    • List of abbreviations

                  Research Methodology

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  Frequently Asked Questions

                  Furniturein Indonesia market growth will increase by $ 3996.4 mn during 2024-2028 .

                  The Furniturein Indonesia market is expected to grow at a CAGR of 14.2% during 2024-2028 .

                  Furniturein Indonesia market is segmented by Type( Residential, Commercial) Delivery Mode( Offline, Online)

                  CV Raisa House Indonesia, Dawood Indonesia, Fabelio, Galeri Jepara, GGS, Informa, Integra Group, Inter IKEA Holding BV, Kalingga Putra, Lio Collection, PT Chitose International Tbk., PT VIVERE Multi Kreasi, Republic Furniture Group, Vixi Inc., Wahana Kayu, Wisanka Indonesia are a few of the key vendors in the Furniturein Indonesia market.

                  APAC will register the highest growth rate of 100% among the other regions. Therefore, the Furniturein Indonesia market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

                  Indonesia, APAC

                  • Rapid growth in urbanizationThe rapid growth of urbanization has led to the emergence of numerous developed cities in Indonesia is the driving factor this market.
                  • such as Jakarta. Urbanization has increased significantly across the world. As per data published by The World Bank Group is the driving factor this market.
                  • in 2020 is the driving factor this market.
                  • 56.3% of the population in Indonesia lived in urban settlements. Rapid urbanization has increased the focus on building residential buildings in Indonesia. The growing urbanization in Indonesia is boosting the growth of residential and commercial buildings.People residing in residential buildings are increasingly focusing on buying innovative and trendy furniture to enhance the aesthetics of their houses. Flat-pack furniture is convenient is the driving factor this market.
                  • owing to its ease of use and trendy designs. Hence is the driving factor this market.
                  • the urban population prefers flat-packed furniture to conventional furniture. Hence is the driving factor this market.
                  • such factors are fostering the growth of the furniture market in Indonesia during the forecast period. is the driving factor this market.

                  The Furniturein Indonesia market vendors should focus on grabbing business opportunities from the Residential segment as it accounted for the largest market share in the base year.