Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1076122

Cover Image

PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1076122

China Furniture Market, By Material, By Type, By Distribution Channel, By Region Trend Analysis, Competitive Market Share & Forecast, 2018-2028

PUBLISHED:
PAGES: 118 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Unprintable PDF (Single User License)
USD 2550
Unprintable PDF (Group License)
USD 3200
PDF (Enterprise License)
USD 4200

Add to Cart

China Furniture Market is Forecast to Grow at a CAGR of 11.3% in the Forecast Period

China Furniture market is growing at a high CAGR because of the increasing disposable income of the consumers and rising expenditure towards home decor along with flourishing tourism and increasing investment in the hospitality sector such as the development of airports, hotels, restaurants, etc…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the China Furniture market was worth USD 71.5 billion in the year 2021. It is estimated to grow at a CAGR of 11.3%, earning revenue of around USD 155.1 billion by the end of 2028. The growth of the China furniture market is attributed to the high population of the country along with the increasing disposable income of the consumers and rising expenditure towards home decor. The flourishing tourism and increasing investment in the hospitality sector such as the development of airports, hotels, restaurants, etc., is also propelling the demand for different types of furniture, bolstering the overall market growth. However, the highly fragmented nature of the China furniture market and the presence of a high number of industry participants may act as a huge restraining factor for the market growth.

Increasing Demand from Hospitality Sector is Driving the China Furniture Market Growth

The demand for furniture is gaining substantial traction from the hospitality sector. This is owing to the rising investment in infrastructural development along with flourishing tourism. The number of private investments towards the construction of commercial facilities such as hotels, cafes, sports facilities, shopping malls, etc., is also increasing. This is anticipated to fuel the demand for different types of furniture including sofas, chairs, beds, etc., in the forecast period, driving the overall market growth.

Integration of Internet of Things (IoT) into Furniture is Propelling the China Furniture Market Growth

The furniture manufacturers are increasingly integrating advanced technologies such as IoT into their products to gain an edge over the market. The manufacturers are exploiting the offerings of IoT in the process to upload and edit designs, track efficiency and maintenance, etc. They are also fitting sensors into basic furniture such as dining room chairs, shelving units, etc., to make them more intelligent and further support smart homes. This is anticipated to emerge as a major driving factor for the China furniture market growth in the forecast period.

China Furniture Market - By Distribution Channel

Based on the distribution channel, the China furniture market is segmented into supermarkets and hypermarkets, specialty stores, online, and others. The specialty store segment accounts for the largest market share in 2021 owing to the availability of a wide range of furniture under one roof. However, the online store segment is projected to register the highest growth rate during the forecast period as various furniture companies are launching websites or selling their products through popular consumer goods platforms such as Alibaba to target younger and working consumers.

Impact of COVID-19 on China Furniture Market

The China furniture market was tremendously halted due to the COVID-19 pandemic outbreak in the country. The huge burden on the healthcare sector and nationwide lockdown resulted in manufacturing and supply disruptions. Furthermore, offices and other commercial facilities such as hotels, restaurants, etc., were also closed due to lockdown. All these factors resulted in a sharp decline in the demand for furniture in China. The market is anticipated to register slow growth in the upcoming years as well due to the negative impact of the pandemic on the economic stability of the consumers.

Competitive Landscape

The leading market players of the China furniture market are Louvre, Quanu, QM, RedApple, Landbond, M&Z, KUKA, ZUOYOU, Shuangye, Homekoo, Suofeiya, OPPEIN, Sleemon, Cheers, Markos, Lamex, Aurora, SUNON, and other prominent players.

The China furniture market is highly fragmented and competitive with the presence of several global and regional industry participants. The companies constantly launch new products with new designs and price ranges to target customers of varied income groups. Global companies often open new stores in different parts of the world to boost their sales. Furthermore, the adoption of competitive strategies such as mergers, acquisitions, collaborations, joint ventures, etc., is also prominent in this market.

Don't miss the business opportunity of the China Furniture market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the China Furniture market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the China Furniture market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Product Code: BWC22114

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Production
  • 2.5. Assumption & Limitation

3. Executive Summary

4. China Furniture Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Advancement/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. China Furniture Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Material
      • 5.2.1.1. Wood
      • 5.2.1.2. Metal
      • 5.2.1.3. Plastics
      • 5.2.1.4. Others
    • 5.2.2. By Type
      • 5.2.2.1. Home Furniture
      • 5.2.2.2. Office Furniture
      • 5.2.2.3. Hospitality Furniture
      • 5.2.2.4. Others
    • 5.2.3. By Distribution Channel
      • 5.2.3.1. Supermarkets
      • 5.2.3.2. Specialty Stores
      • 5.2.3.3. Online
      • 5.2.3.4. Others
    • 5.2.4. By Region
      • 5.2.4.1. Eastern
      • 5.2.4.2. Central
      • 5.2.4.3. Western

6. Competitive Landscape

  • 6.1. List of Key Players and Their Offerings
  • 6.2. Market Share Analysis, 2021
  • 6.3. Competitive Benchmarking, By Operating Parameters
  • 6.4. Key Strategic Development (Merger, Acquisition, Partnership, and others)

7. Impact of COVID-19 on China Furniture Market Industry

8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 8.1. Louvre
  • 8.2. Quanu
  • 8.3. QM
  • 8.4. RedApple
  • 8.5. Landbond
  • 8.6. M&Z
  • 8.7. KUKA
  • 8.8. ZUOYOU
  • 8.9. Shuangye
  • 8.10. Homekoo
  • 8.11. Suofeiya
  • 8.12. OPPEIN
  • 8.13. Sleemon
  • 8.14. Cheers
  • 8.15. Markos
  • 8.16. Lamex
  • 8.17. Aurora
  • 8.18. SUNON
  • 8.19. Other Prominent Players

9. Key Strategic Recommendations

*Financial information in case of non-listed companies is provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

Product Code: BWC22114

List of Figures

  • Figure 1 China Furniture Segmentation
  • Figure 2 China Furniture Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 China Furniture Market Size, By Value (USD Million), 2018-2028
  • Figure 5 China Furniture Market Share, By Material, By Value, 2018-2028
  • Figure 6 China Furniture Market Share, By Type, By Value, 2018-2028
  • Figure 7 China Furniture Market Share, By Distribution Channel, By Value, 2018-2028
  • Figure 8 China Furniture Market Share, By Region, By Value, 2018-2028

List of Tables

  • Table 1 China Furniture Market Size, By Material, By Value, 2018-2028
  • Table 2 China Furniture Market Size, By Type, By Value, 2018-2028
  • Table 3 China Furniture Market Size, By Distribution Channel, By Value, 2018-2028
  • Table 4 China Furniture Market Size, By Region, By Value, 2018-2028
  • Table 5 Louvre Company Overview
  • Table 6 Louvre Financial Overview
  • Table 7 Quanu Company Overview
  • Table 8 Quanu Financial Overview
  • Table 9 RedApple Company Overview
  • Table 10 RedApple Financial Overview
  • Table 11 Landbond Company Overview
  • Table 12 Landbond Financial Overview
  • Table 13 KUKA Company Overview
  • Table 14 KUKA Financial Overview
  • Table 15 Shuangye Company Overview
  • Table 16 Shuangye Financial Overview
  • Table 17 Homekoo Company Overview
  • Table 18 Homekoo Financial Overview
  • Table 19 Suofeiya Company Overview
  • Table 20 Suofeiya Financial Overview
  • Table 21 OPPEIN Company Overview
  • Table 22 OPPEIN Financial Overview
  • Table 23 Sleemon Company Overview
  • Table 24 Sleemon Financial Overview
  • Table 25 Cheers Company Overview
  • Table 26 Cheers Financial Overview
  • Table 27 Markos Company Overview
  • Table 28 Markos Financial Overview
  • Table 29 Lamex Company Overview
  • Table 30 Lamex Financial Overview
  • Table 31 Aurora Company Overview
  • Table 32 Aurora Financial Overview
  • Table 33 SUNON Company Overview
  • Table 34 SUNON Financial Overview
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!