Escolar Documentos
Profissional Documentos
Cultura Documentos
ON
HOME FURNISHINGS IN
INDIA:
PRESENT SCENARIO AND FUTURE
SCOPE-
SPECIAL FOCUS ON TIER-2 CITIES
(Patna)
SUBMMI
TED BY:
SHILPA RAJ
MFM (1ST SEM),
BATCH: 2010-
2012
CERTIFICATE
Thank You.
Shilpa Raj,
Masters in Fashion Management (2010-2012),
National Institute Of Fashion Technology, Patna
INDEX
• INTRODUCTION
• HISTORY OF HOME FURNISHING
• OBJECTIVES
• RESEARCH METHODOLOGY
• TYPES OF HOME FURNISHINGS
• PRESENT SCENARIO
• CONSUMER BUYING BEHAVIOR
• RECENT MAJOR CHANGES IN HOME FURNISHING
• FEATURES CHANGED
• MAJOR PLAYERS
• EXPORT
• FUTURE FORECAST
INTRODUCTION
A fast emerging economy in the world of home textiles, India produces a wide
range of products, including home furnishings, household linen, curtain tapestry
and yardage made with several textures and varying thickness.
The home furnishing industry mainly exports fabrics, bed linen, table linen, toilet
and kitchen linen, towels, cushions, curtains, pads, tapestries and upholstery's,
carpets and floor coverings, etc. The industry has adopted several measures and
techniques to offer premium quality and eco-friendly products to the global
industry.
The home furnishing products can be broadly categorized into five categories,
which include - bedding, window dressings, bathroom textiles, cushions and
covers, and table linen. Household penetration levels are high, especially in the
largest sectors — bedding and window dressings.
While replacement due to wear and tear is not inevitably frequent, an increased
consumer interest in home interior products has stimulated buying in what is now
very much a fashion-led industry. The industry also benefits from the growing
number of households, a trend, which is expected to continue at an even faster
rate.
Home textiles are among the most dynamic export segments in India’s textile
industry. By focusing on the US market, India has become the USA’s leading
foreign supplier of towels
India, a leading global player in the home textile space, is poised to strengthen its
position with an over three fold jump expected in exports by 2010.Country's home
textile exports are forecasted to rise to $10 billion by 2010 from $3 billion in 2005,
on the back of self-sufficiency in cotton and recent acquisitions and tie-ups with
global brands.
Despite prospects of excess capacity and cost pressures amidst cut-throat
competition, bed linen exports to the US by three Asian countries - China, India
and Pakistan -- continue to dominate with a 76 per cent share of the total. With
China cornering 38 per cent share, it is the largest exporter of home furnishings to
the US; Pakistan comes next with 22 per cent while India accounts for 16 per cent
share.
The rest 24 per cent exports to the US are shared by Turkey, Brazil, Mexico,
Portugal, Italy and other numerous countries. The Indian textile industry --
garment and home furnishing -- is one of the largest and most important sectors in
the economy in terms of output, foreign exchange
In the world of hand looms, there are Madras checks from Tamil Nadu, tie and dye
from Gujarat and Rajasthan, ikats from Andhra and Orissa, brocades from
Varanasi, Daccai from West Bengal, and phulkari from Punjab. The Surat tanchoi
based on a method of satin weaving with the extra weft floats, which are absorbed
in the fabric itself has been reproduced in Varanasi. In the domain of Woolen
textiles, woolen weaves are no less subtle. The Kashmiri weavers are known the
world across for their Pashmina and Shahtoosh shawls. The states of Kashmir and
Karnataka are famous for their mulberry silk. India is the only nation in the world
producing all four commercially known silks - mulberry, eri, tasser (tussore) and
muga. Assam produces eri and muga silk, which are gaining immense popularity
in the U.S.A. and Europe. The ikat technique in India is usually known as bandha
in Orissa, patola in Gujarat, pagdu bandhu, buddavasi and chitki in Andhra
Pradesh.
OBJECTIVES
• To study the home furnishings market in India.
RESEARCH METHODOLOGY:
• Secondary research through published
material sources.
✔ Sofa back on slip cover - A fabric layer used to cover the back rest of
sofa.
✔ Cushion - These are of varies design and size
according to the seating
Furniture.
✔ Cushion cover - A fabric cover used to cover the cushion.
Furnishings in bathroom
✔ Bath towel - linen to wipe the wet body.
Floor furnishings
✔ Rugs
Rugs are used to cover small part of the floor whose four sides are
finished. It can be of varied widths and lengths.
Window treatments
The two basic reasons for decorating window are
✔ To reduce possible glare from sunlight through the glass and to exclude the
gaze of the outsides world.
✔ To increase the beauty of the interior by the color, texture and pattern of the
materials hanger at the windows.
Venetian blinds
Roller shads
They can be rolled up almost out of sight or they can be left at highway
mark which seems almost inevitable in the well- mannered house.
Glass curtain
These are sash curtain which are made of sheer fabrics and are hung close
to the window to control the light to add softness to the bleakness of the glass and
often to add color.
Casement curtains
These are made especially for casement windows. They are making to
draw and hang soft and moderately full when pulled together.
Draperies
The simplest draperies are those which hung straight and either long on
short of they are to be make to draw, them must be sufficient fullness so that they
will hang in soft folds even when drawn.
Valances
To make windows look taller they are essential, to make windows look
wider they help, especially. When they extent out beyond the trim and alone all
they hide the top trim and any necessary but a beautiful hardware.
Cornices
It fulfills the same function as valances and their selection may depend
upon personal performance of the style which the rooms demands. They may be
made of wood mirror glass plastic or metal or they may be covered with cloth or
wallpaper
Spaces is expected to offer a range of bed, bath, and kitchen and table linen, all
specifically for the Indian market. The company exports its products across 32
countries.
Welspun plans to expand its capacities locally, while also eyeing acquisitions and
seeks to replicate its success in the export market by bringing in a new India
specific brand.
Ambitious plans are drawn to capture at least a 30 per cent share in the home
segment and in the process Welspun has availed the services of Ambience Publicis
to develop its brand, with a seed investment of Rs 50 crore.
To build the Portico brand, the company has appointed Contract Advertising. With
an ad budget of Rs 3 crore, Portico will carry the baseline, `There is no place like
Home.'
What is the size of the home furnishings market, including furniture and
decorative home furnishings? How is it segmented by type of product and service?
How rapidly is it growing? What are
future growth trends in the segments in the market?
• Redecorated their home, involving only minor changes such as paint, furniture
and new decorations (42 percent general survey; 36 percent luxury survey).
• Remodeled their home, involving hammers and saws and major structural
changes (16 percent general survey; 17percent luxury survey).
• Expanded or added onto their home (3percent both general and luxury survey).
Other than buying and/or building a vacation home and buying a time share, there
was virtually no statistically significant difference between the respondent's based
upon income. In other words, all income groups were equally likely to have been
involved in a major home project in the past year with the exception of vacation
home and time share which was most associated with the more affluent Data
points collected in the survey section about major home changes included
spending on current project and budget for planned project; rooms involved in the
major home project; and home features changed.
ROOMS IN HOME PROJECT FEATURES
CHANGED
Bathroom Bathroom Cabinets
Laminate Flooring
Lighting/Lighting Fixtures
Roofing
Siding, including vinyl/metal
Skylights
Swimming Pool, in‐ground
Vinyl Flooring
Wall Paneling
Windows
• Welspun
• Magpie
• Corelle
• Fern
• Hunter Douglass
• Ivy
• Portico
• Philips
• Stop and space
• Tommy Hilfiger
• Morphy Richards
EXPORTS
With their ethnic, intricate carvings, weaves, pattern themes, motifs, color schemes
and workmanship, Indian home furnishing products are gaining immense
popularity among buyers the world across. The share of Indian exports in home
textiles is increasing day by day. In 2002-03, the value of export of cotton
handloom fabrics and made-ups was Rs. 544 crore, the value of export of
handmade carpet and other floor coverings was of the order of Rs. 2590.26 crore
and value of exports of other home furnishing products was Rs. 2633.37 crore.
While exports of Indian home furnishing products have increased, profits are
sliding as prices have dropped 8-20 % and the industry is on the verge of a
shakeout. With importers favoring suppliers with vertical production systems
rather than dispersed manufacturing facilities, Indian exporters need to shore up
their mass manufacturing techniques. The major requirement is the development
of infrastructure.
Labor laws also constitute a stumbling block in the growth of Indian home
furnishing companies. Political conditions have prevented successive governments
from instituting an exit policy. Because of this, manufacturers cannot employ short
duration labor as they cannot lay them off when the world trade cycle turns. Low
labor productivity is another major constraint.
While China is clearly the leading exporter in the world of home furnishings, it is
not a direct competitor of India. While China mainly uses man-made fibers and
caters mass markets, India produces natural fiber and serves niche markets. At
present, India is leading producer of man-made fiber and raked 3 in cotton. A
garment-driven and export-led strategy is expected to help the Indian market to
grow to at $85 billion by 2010, according to a CRISIL report. The strategy should
be focus on moving up the value chain instead of exporting intermediate stage
products, say industry experts.
Chapter – 2
(POST MID TERM)
EXECUTIVE SUMMARY
“SCOPE OF HOME FURNISHINGS IN TIER II CITIES- PATNA”
The project on “Scope of Home Furnishings in tier II cities- Patna” is to study
the home furnishings market in India and different types of home furnishings,
different brands of home furnishings and to study the consumers buying
behavior, past and future scenario and also the scenario and future scope of
home furnishings in India
The home furnishing area in Patna is very fragmented, the consumer wants to
buy from the traditional market only, some are aware of home furnishing
brands but they don't want to go for it. Very less number of consumer buy
branded home furnishings they are upper middle class and higher class.
Consumers also think that it’s a one time investment in a year or 6th month.
According to retailers consumers wants good designed home furnishings, but
some consumer want branded home furnishings too but the no. is very less. The
main reason for that is the unorganized sector of home furnishing. Consumer of
Patna are not aware of organized home furnishings the reason may be no proper
advertisement, no hoarding of home furnishing brands, people are not aware of
home furnishing brands.
The future prospects for the Indian home furnishing industry are bright, especially
in the post-quota regime. The industry is in an expansion mode and is expected to
benefit from growing demand both in the domestic and global markets.
While exports of Indian home furnishing products have increased, profits are
sliding as prices have dropped 8-20 % and the industry is on the verge of a
shakeout. With importers favoring suppliers with vertical production systems
rather than dispersed manufacturing facilities, Indian exporters need to shore up
their mass manufacturing techniques. The major requirement is the development
of infrastructure
Patna is in developing stage, so consumers are still not as aware as they would be
in the coming time and many new institutes are opening in Patna and many new
malls are opening, so there is lots of scope of home furnishings in Patna.
Market survey on home furnishings in tier 2
cities (Patna):
a) Retailer
1) Different types of home furnishings items in Patna’s
home furnishings stores:
above.
Findings:
• Majority of consumer group in Patna are believed that they buy home
furnishings once in a year or twice in a year.
• Only 10 out of 100 consumers go for shopping in special occasion like
festivals, marriage, anniversaries etc.
• Out of 100, 5 consumers shops for this in 6 month, 2, and 3 in once in a
month and once in 3 month respectively.
• This shows that the consumers do shopping for home furnishings in special
occasions or once in a year or once in two year.
Conclusion:
As seen after the market survey the home furnishing area in Patna is very
fragmented, the consumer wants to buy from the traditional market only,
some are aware of home furnishing brands but they don't want to go for it.
Very less no. of consumer buy branded home furnishings they are upper
middle class and higher class.
Consumers also think that it’s a one time investment in a year or 6th month.
The main reason for that is the unorganized sector of home furnishing.
Consumer of Patna are not aware of organized home furnishings the reason
may be no proper advertisement, no hoarding of home furnishing brands,
people are not aware of home furnishing brands.
Patna is in developing stage, so consumers are still not as aware as they
would be in the coming time
b) e) any other.
e) 5 lakh onwards
a) Yes b) No
_________________________________________________________________________________
4) How much do spend on apparel on a monthly basis?
e) Above Rs 3000
Sofa Cover
Cushion Covers
Kitchen linens
Floor mats
Upholstery
PRODUCTS A B C D
Sofa Cover Rs 350 – Rs 500 Rs 501 – Rs 750 Rs 751 – Rs 1000 Above 1000
Curtains & Rs 250 – Rs 450 Rs 451 – Rs 650 Rs 651 – Rs 800 Above 881
Draperies
Bed Sheets & Bed Rs 200 – Rs 450 Rs 501 – Rs 750 Rs 751 – Rs 1000 Above 1000
Spread
Cushion Covers Rs 150 – Rs 300 Rs 301 – Rs 450 Rs 451 – Rs 600 Above 600
Table Runner & Rs 250 – Rs 500 Rs 501 – Rs 750 Rs 751 – Rs 1000 Above 1000
Table Mats
Floor mats Rs 100 – Rs 150 Rs 151 – Rs 300 Rs 301 – Rs 501 Above 500
PRODUCTS A B C D
Bed Sheets & Bed Once in a month Once in a 6 month Once in year According to
Spread season
Table Runner & Once in a month Once in a 6 month Once in year According to
Table Mats season
a) Once in a month
b) In 3 months
c) In 6 months
d) In a year
e) Special Occasion
_________________________________________________________________________________
10) What other brands are you aware of for home furnishings?
11) Which brand would you prefer the most, if available in Patna? (1st_ least preferred, 5th is most
preferred)
d) Fabindia e) Portico
12) What is the most important attribute while buying the home furnishings?
Rank them according to your preference. (1st_ least preferred, 5th is most preferred)
(a) Quality: 1 2 3 4 5
(b) Brand: 1 2 3 4 5
(c) Price: 1 2 3 4 5
(d) Design: 1 2 3 4 5
(e) Customer service 1 2 3 4 5
a) 0 – 25 b) 25 – 50
e) 150 – 200
1) What are the famous brands of home furnishing item in your store?
a) yes b) no
a) Bed sheets
b) Pillow covers / cushion covers /sham covers
c) Bolsters
d) Rugs / carpets
e) Sofa covers
f) Table runners / Table covers
g) Curtain & Draperies
h) Kitchen linens
i) Floor mats
j) Upholstery items
1) What kind of home furnishing products would you think that your customer will buy? Rank them
on 1 to 5 scale ( 1st is least and 5th is most).
a) sham covers
b) Bolsters
c) Rugs / carpets
d) Sofa covers
e) Table runners
f) Curtain & Draperies
g) Kitchen linens
h) Floor mats
i) Upholstery items
PRODUCTS A B C D
Sofa Cover Rs 350 – Rs 500 Rs 501 – Rs 750 Rs 751 – Rs 1000 Above 1000
Curtains & Rs 250 – Rs 450 Rs 451 – Rs 650 Rs 651 – Rs 800 Above 881
Draperies
Bed Sheets & Bed Rs 200 – Rs 450 Rs 501 – Rs 750 Rs 751 – Rs 1000 Above 1000
Spread
Cushion Covers Rs 150 – Rs 300 Rs 301 – Rs 450 Rs 451 – Rs 600 Above 600
Table Runner & Rs 250 – Rs 500 Rs 501 – Rs 750 Rs 751 – Rs 1000 Above 1000
Table Mats
Floor mats Rs 100 – Rs 150 Rs 151 – Rs 300 Rs 301 – Rs 501 Above 500