Bangladesh has always been known for its furniture and exceptional designs because of our rich culture, handcraft, and appealing arts. The market is well known within the country and beyond. From the early ’60s, the market has gradually changed. It expanded beyond only chairs and tables to include designed furniture like sofas, kitchen appliances, wardrobes, and many more.
A middle-class economy, rising disposable income, and rapid urbanization contribute to the expansion of the Bangladeshi furniture market. On the other hand, with the advent of giant furniture companies, market share would expand even more in upcoming years.
In this write-up, from Bikroy.com – The Largest Marketplace in Bangladesh, we will present an infographic to inform a detailed analysis of the furniture market in Bangladesh.
Let’s know more about the furniture industry and the current furniture price in Bangladesh.
Top Searched Furniture Categories at Bikroy
The rising desire for designed furniture is constantly driving the growth and demand of the furniture industry in Bangladesh. Data from Bikroy.com has shown the top searched furniture categories in 2022.
Living room furniture is in the top position as we always can see those on the display of several showrooms and purchase those to renovate our home. Then there are bedroom furniture, office furniture, shop furniture, and restaurant furniture on the list respectively.
Ads Posted by Furniture Condition
Bangladeshi peoples’ growing online shopping experience trend has made finding statistics of sold furniture conditions easy. This infographic shows that new and old furniture has occupied respectively with 52% and 48% of the entire ads. That means the market for new and old furniture is comparatively running at the same pace.
Ad Number of Bikroy Members Vs. Non-members
To assist the SMEs (Small and Medium-Sized Entrepreneurs) in Bangladesh, Bikroy offers a ‘Membership Service.’ This infographic shows that almost 52% of ads have been posted by Bikroy members, whereas private users have published the remaining 48% of ads.
Ads Based on Location
Dhaka is the big trading hub in the Bangladeshi furniture market. This city accounts for about 74% of the entire furniture ads on Bikroy, followed by Chattogram, Sylhet, and Khulna with 8%, 4%, and 3% respectively. Whereas, other cities account for the remaining 11% of the ads. The location has counted for new and used furniture.
Types of Furniture
With the onset of the pandemic, like other industries, the furniture market got hit due to restrictions. At the same time, the market has seen tremendous growth with online platforms like Bikroy.com.
Among all the listed furniture items at Bikroy, the living room furniture, bedroom furniture, office furniture & shop furniture have been listed on a large scale consisting of 39%, 35%, and 14% of the entire ads, respectively.
On the other hand, kitchen & dining furniture and children’s furniture hold 9% and 3% of the entire ads, respectively.
Furniture Market Overview
The expansion of the Bangladeshi economy has promoted the furniture industry in the last three decades. Advancement has also taken place in manufacturing and supply chain systems. The growing construction of residential and commercial spaces has increased the demand for furniture.
Data from EPB (Export Promotion Bureau) reveals that the total furniture market size is about 25,000 Crore in BDT. On the other hand, almost 71,034 entrepreneurs are operating now in Bangladesh, and nearly 18 Lac+ people are professionally associated with this industry.
Top 5 Furniture Brands in Bangladesh
To properly analyze the leaders in the Bangladeshi furniture industry, there would be several names. Bikroy.com has figured out the top 5 furniture brand names here based on the user data 2021:
- Hatil Furniture
- Navana Furniture
- Akhtar Furnishers
- OTOBI
- Partex Furniture
Top 5 Bikroy Members
Here in this portion, Bikroy.com has shown the top 5 furniture members who are enjoying their membership features on Bikroy. These members are:
- SAGOR
- Dhaka Shoilpik Furniture
- Badhon Furniture
- Sapno Bilash Furniture
- Nasim Furniture Mart
Final Words
The growing population and cheap housing is helping the furniture industry to expand more. Considering the market potential, the number of entrepreneurs has also drastically increased in the last decade.
To know more about furniture market trends and news in Bangladesh, keep your eyes on – Bikroy.com.
We wish you a sound and prosperous life ahead!
FAQ
- Hatil Furniture
- Navana Furniture
- Akhtar Furnishers
- OTOBI
- Partex Furniture
