The most decisive platform for the Indian woodworking and furniture manufacturing industry is set to create new benchmarks
Pune (P&V News Service): The 12th edition of INDIAWOOD, the most relevant event for the woodworking and furniture manufacturing Industry in Asia, is all set to take place from June 2nd-6th, 2022 at Bangalore International Exhibition Centre, Bengaluru. Organised by NuernbergMesse India, the five-day event will offer a comprehensive range of innovative products and provide information on the latest technological developments.
By focusing on the latest global trends in carpentry, skilling, innovation, automation and digitalization, INDIAWOOD 2022 aims to drive Indian furniture manufacturing and woodworking industry reach its potential of USD 27-billion by 2025 and help establish India as one of the top furniture manufacturing destinations. The organized furniture industry is also expected to reach one-billion-dollar milestone by 2025.
Sivakumar Venugopal, Group Director, Member of the Management Board, NuernbergMesse India, is confident about the future of the woodworking and furniture manufacturing Industry, “INDIAWOOD has been growing significantly over the last few years, in sync with the growth of the industry and 2022 will be an important milestone for the event.”
With country pavilions from Germany, USA, Canada, Turkey, Malaysia, Finland, Estonia, Taiwan, Gabon amongst others, the five-day event will offer a comprehensive range of innovative products and provide information on the latest technological developments.
As a knowledge sharing forum, INDIAWOOD will feature multiple seminars on latest trends and innovations organised by leading Industry associations as well as skill development programs organised by the Furniture & Fittings Skill Council of India.
Speaking about the event, Sonia Parashar, Managing Director and Chair person of the Board, NuernbergMesse India,said, “As India strives to become a manufacturing hub for the world, key initiatives, such as ‘Make in India’ and ‘Vocal for Local’, have played a huge role in terms of giving a boost to the manufacturing sector, including furniture manufacture. In current times as the demand for furniture continues to increase, we are confident that the platform of INDIAWOOD will succeed in providing the relevant technologies and solutions to meet the requirements of this sector”
It may be noted that with India poised to become the third largest global economy by 2030, the Government of India has identified the furniture industry as a key enabler to expand the reach of ‘Make in India’ goods across the globe. The furniture industry in India is a part of the home furnishing industry and occupies the largest share (~50% in 2019) in the home furnishing market. In FY2019, the Indian furniture market was valued at USD12.6 billion and grew at a compound annual growth rate (CAGR) of 9.4% during 5 years before that. Furthermore, Indian furniture exports witnessed an astounding growth rate of 222% in2021-2022 compared to 2013-2014, thus proving the competency of “Made in India” products in global markets.
NuernbergMesse India is looking forward to welcoming all the stakeholders of this rapidly evolving and growing industry.
