THEOne Home Furniture & Accessories marketing strategy for presentation in Iran + Attachment about Furniture market in Iran + attachment about Luxury brands presence in Iran
Political
It is imperative for the country to have a stable political environment because the government policies dictate factors like FDI limit , tariff rates , excise duties ,etc. Government policies have been a key factor because of which the branded Indian hair oil industry is dominated by Indian players like Marico, Dabur and we see a Low presence of MNCs
The hairoil industry is witness to huge unbranded oil mfg. That account for nearly 50% of the total coconut oil market,which provides upside potential for companies like Marico.
Due to the government initiatives like the direct cash transfer scheme ,growth in the market will come from rural dwellers who are expected to see a rise in disposable incomes while urban consumers will continue to be affected by the macroeconomic environment.
The key factors that have triggered growth in the FMCG industry is the reduction in excise duties, relaxation of licensing restrictions and reduced dominance of unorganized sectors due to the creation of a level playing field.
The implementation of VAT is also supposed to tilt the balance in favour of organized players.
The government thrust on agriculture and rural economy has facilitated demand for FMCG products on the whole.
Economic
With an increase in disposable income in rural India, there is a budding market with growing potential. There is intense competition among key players like Dabur, Bajaj and Marico to convert the rural consumer from unbranded to branded products.
Decrease in prices of hair oil ingredient Light liquid paraffin which has led to a decrease in the cost prices and an increase in the gains as compared to the previous year
Prices of refined oil have increased almost 26 % over the previous year leading to an increase in costs
Prices of other key ingredients have remained more or less the same
Social
Rising urbanisation and modern trade are driving the consumer shift from coconut based hair oils to perfumed-based oils.
. Considering the increased importance of personal grooming today, new age consumers, especially the urban consumers, have driven the demand in the light hair oil category. The comparatively higher pricing of light hair oils has also been a contributing factor. Hence we see that light hair oils are one of the fastest growing segments in the Indian hair oil market. The various competitors in this segment range from Bajaj Almond drops non sticky hair oil, Dove hair oil to Marico’s Hair and Care.
With the growing differentiated needs of the Indian hair oil consumers , many new entrants have been witnessed in the market in categories like light hair oil, cooling hair oil and specialised hair /value added hair oil ,for example ,anti dandruff hair oil.
With increased stress levels and harsh weather changes ,the cooling oil segment is also growing fast.
Technological
Coconut oil is one category in which product differentiation is hard to attain.But With increased R&D and and technological advancements, it has been possible to improvise and add nutrients to the base oil to give it specialisations like anti dandruff , hair growth etc. .This has pumped up sales in categories like light hair oil/perfume hair oil and now you see most key players competing in this space.
Though traditional channels like kirana stores still dominate distribution , the advancement in distribution channels like modern retail has led to increased sales and market penetration
10 staff designers along with free lancers
Based on Product's price, its function, material to be used and manufacturer's capabilities
WEB: be prepared, make a list of anything you may need for your home.. Take measurements of spaces you want to fill with furniture and be sure there’s room in your car. You’ll need it.
Law of candor: accepted they don’t supply very extreme and over-decorated furniture but they help building home
Law of the Category: Scandinavian design and style
The remaining 15 per cent comprises of large manufacturers, such as, Godrej & Boyce Manufacturing Co. Ltd., BP Ergo, Featherlite, Haworth, Style Spa, Yantra, Renaissance, Millennium Lifestyles, Durian, Kian, Tangent,Furniture Concepts, Furniturewala, Zuari, Truzo, N R Jasani & Company, V3 Engineers, PSL Modular Furniture, etc
The remaining 15 per cent comprises of large manufacturers, such as, Godrej & Boyce Manufacturing Co. Ltd., BP Ergo, Featherlite, Haworth, Style Spa, Yantra, Renaissance, Millennium Lifestyles, Durian, Kian, Tangent,Furniture Concepts, Furniturewala, Zuari, Truzo, N R Jasani & Company, V3 Engineers, PSL Modular Furniture, etc