I can see two contrasting scenes in different segments of the industry. On one side, the large players are exploring options to add new furniture processing lines that are fully automated, laced with high speed and precision. On the other side, small players are shutting down factories especially those catering to the commercial furniture segment. The entire working in commercial furniture OEM segment has become very competitive leaving very small room for small players operating on a low scale, less capital and little margins. In residential furniture domain, manufacturers are busy in business without much growth in their sales numbers, instead, more occupied in fighting competition from many sides.
