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Furniture industry in India in the Next 5 Years
The furniture market in India is poised for significant growth in the next five years, driven by various factors such as urbanization, rising disposable incomes, evolving consumer lifestyles, and increased awareness of interior design trends. Here are some insights into what we can expect.
India's furniture market is projected to generate INR 5.48 billion in 2024, with a CAGR of 6.42% expected from 2024 to 2029. The Home Décor segment leads, reaching INR 1.95 billion in 2024. India is reflecting growing middle-class demand and urbanization.
Home Office Furniture
Demand for ergonomic and stylish home office furniture is rising due to remote work trends, including comfy chairs, spacious desks, and tailored storage solutions.
Customization and Personalization
Consumers want furniture reflecting their unique style. Customizable options in materials, colors, and configurations are becoming more popular.
Premium and Luxury Segment
A growing affluent market seeks high-quality, luxury furniture. Premium and designer brands are gaining traction in India.
Franchise and its benefits
A franchise is a business model where an individual or entity (the franchisee) is granted the right to use the trademarks, branding, and operational model of an established business (the franchisor) in exchange for fees and ongoing royalties.
A franchise business is a specific type of business arrangement where the franchisee pays an fee and ongoing royalties to the franchisor in exchange for the right to operate a business using the franchisor's brand, trademarks, and business model. The franchisee typically receives support and training from the franchisor to help them set up and run the business successfully.
Benefits
Established Brand Recognition
Franchisees benefit from the established brand reputation of the franchisor, which can attract customers more easily compared to starting a brand-new business
Proven Business Model
Franchise businesses usually come with a proven business model that has been tested and refined by the franchisor, reducing the risks associated with starting a new business from scratch.
Training and Support
Franchisees often receive training and ongoing support from the franchisor in areas such as operations, marketing, and management, which can help them run the business more efficiently.
Access to Resources
Franchisees may have access to resources such as bulk purchasing discounts, marketing materials, and operational guidelines provided by the franchisor, which can help them save time and money
Higher Chance of Success
Statistics show that franchise businesses tend to have a higher success rate than independent startups, partly due to the support and guidance provided by the franchisor.
Benefits to Join us
Trust & Ethical
Best Return
Highest Profit
Regular Supply
Assured Profit
Best Business Growth
Requirements & Responsibility
Location Requirement
- Good Location with competitive carpet area in the Market/Mall
- In Furniture Market/Mall or Other Retail Cluster
Carpet Area Requirement
- Minimum Carpet area must be 4,000-5,000 sq.ft
Work & Responsibility
- Bajrang Furniture (HO) - Supply, Accounting, Marketing, Enrolments, Target, Schemes, fulfillments, offers.
- Franchisee - Sales & Profit