(MENAFNEditorial) • Future Growth of India Plywood Market is expected to be led by surge in commercial space and rise in number of households
• The market leader, Green ply is expected to maintain focus on emerging markets and global brands to compete with other players in the industry
Ken Research announced its latest publication on "India Plywood Market Outlook to 2019-Increasing Households and Rising Commercial Space to Shape Future Growth" which provides a comprehensive analysis of the plywood market in India. The report covers various aspects such as market size of plywood, segmentation on the basis of organized and unorganized sector, regional demand and distribution channel, types of plywood grades and thickness of plywood. The report covers trade scenario of plywood in India, growth drivers and restraints, government regulations, porter five forces analysis, trends and developments, competitive landscape and company profiles of major players in detail. The report also present the future prospects of plywood Market in India, with the correlation with the macroeconomic variables considered in the report.
The industry is undergoing a transformational from unorganized market to the organized. A rise in willingness to spend on branded plywood amongst middle class and above has been noted in the recent years, which implies greater importance being given to the quality of the product. Since plywood is often a one-time purchase, greater readiness for a premium purchase has been witnessed in the recent years amongst the people, owing to a better durability and eco-friendliness offered by the product. The Indian plywood industry is on an upward growth trajectory and is expected to grow at a CAGR of ~% for the next 5 years. In the coming years, shifting consumer trends and their preferences towards quality and branded players, rollout of GST, and increasing expenditures of major players on technology and operations will catalyze the growth of the organized market over the unorganized market.
The organized sector of the plywood industry is highly consolidated and is marked by the presence of few market players. CenturyPly and Greenply are amongst the leaders of this market, who together draw more than ~% of the organized market revenue. Apart from these, ArchidPly, Sarda Plywood and KitPly are some of the other prominent companies operating in this sector.
According to the research report, the plywood market will grow at a considerable CAGR rate thus exceeding USD 479.7 billion by 2019.
"The industry has a lot of potential to grow as the demand for housing has consistently grown and is likely to continue in the future housing need and untapped rural market and penetration in the east India market. Plywood is expected to face a competition with its substitute MDF board but the government reinforcement in plywood would keep it at bay against MDF" according to the Research Associate, Ken Research.
Key Topics Covered in the Report:
India Plywood Market
- Market Size by Revenue
- Market Segmentation by
o Organized and Unorganized Sector
o Regional Demand
o Distributional Channel
o Types of Plywood Grades
o Thickness
- Trends and Development
- SWOT
- Export and Import
- Competition and Market Share for plywood sector
- Competitive Landscape
- Growth Drivers
- Company Profiles
- Future Outlook
- Macro Economic Parameters
Companies Covered in the Report
- Green Ply Industries
- Century Ply Industries
- Sarda Plywood Industries
- Archidply Industries
- Kitply Industries
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India Water and Air Purifier Market Outlook to 2019 - Increasing Household Coverage to Propel the Growth
Source: https://www.kenresearch.com/consumer-products-and-retail/specialty-retail-products/india-plywood-market-report/640-95.html
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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