Market size and future development trend of China’s furniture industry

China’s furniture and home furnishing industry is an important part of domestic economic development, one of the largest industries in the consumer goods industry, and one of the most important manufacturing industries in China. According to the 2023-2029 China Decoration Furniture O2O Market Analysis and Development Prospect Forecast Report released by Market Research Online, the market size of China’s furniture and home furnishing industry reached 3.6 trillion yuan in 2018, an increase from 3.4 trillion yuan in 2017. up 5.9%.

First of all, with the continuous growth of China’s economic development, consumers’ demand for investment in furniture and home furnishing products has increased, which has brought greater market demand to China’s furniture and home furnishing industry. Secondly, the continuous reform and innovation of China’s furniture and home furnishing industry has accelerated the pace of industry.

What trends will the furniture industry show in the future? This article will give you the details.
1. Smart furniture
With the development of technology, smart furniture will become more and more popular. Future furniture will have intelligent functions, such as smart mattresses, smart sofas and so on. These furniture will realize automatic adjustment, automatic sensing and other functions through sensors, smart chips and other technologies.

2. Eco-friendly furniture
Environmental protection has become a global consensus, and the furniture industry in the future will pay more attention to environmental protection. Furniture manufacturers will adopt more environmentally friendly materials and production processes, such as using renewable materials and reducing waste, to reduce environmental pollution.

3. Customized furniture
With the continuous increase of people’s demand for personalization, the future furniture industry will pay more and more attention to customization. Consumers can customize their own furniture according to their needs and preferences. This will greatly meet
the individual needs of consumers and improve consumer satisfaction.
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4. Internet + furniture
The Internet has penetrated into our lives, and the furniture industry in the future will also be combined with the Internet. Consumers can buy furniture through the Internet, and furniture manufacturers can communicate and communicate with consumers through the Internet. This will greatly improve the efficiency and convenience of the furniture industry.

In the future, the development trend of China’s furniture and furnishing industry will continue to remain strong. It is estimated that by 2022, the market size of China’s furniture and furnishing industry will reach 4.5 trillion yuan, an increase of 25.8% from 3.6 trillion yuan in 2018. At the same time, the furniture industry will continue to accelerate technological innovation, strengthen product quality control, increase investment, enhance competitiveness, and promote industry development.


Post time: Apr-11-2023

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