1. Market size of Chinese furniture industry

After years of development, China's furniture industry has gradually embarked on the development route of industrialization, scale and branding. Since entering the 21st century, the Shanghai Furniture Expo has maintained a good trend, and the operating income of the furniture industry above the scale has fallen slightly in the past two years. According to the operating income of the furniture industry above designated size announced by the Ministry of Industry and Information Technology, the operating income of China's furniture industry above designated size in 2018-2022 shows a fluctuating trend, and the operating income of China's furniture industry above designated size in 2022 is 762.41 billion yuan, down 5% year-on-year. 2023 As of October, the operating income of furniture manufacturing enterprises above designated size is 512.79 billion yuan, according to the preliminary estimate of 2023, the operating income of furniture manufacturing enterprises above designated size in China will reach 709.04 billion yuan, down about 7% year-on-year.

2. Life development cycle of Chinese furniture industry

According to the characteristics of the life cycle of China's furniture industry, China's furniture industry is at maturity at present. Most enterprises have matured the production and manufacturing technology and process of various types of furniture, can meet the needs of basic industrial scenes, product homogeneity is relatively obvious, and the function of furniture products provided by various enterprises is roughly the same. At present, China's furniture exports have gradually increased, while imports have gradually declined, which reflects the gradual increase in the substitution of Chinese furniture for domestic production, while beginning to meet foreign demand. Overall, the future market of China's furniture industry has certain development potential.

3, China's furniture manufacturing industry product development trend

From the perspective of the product development trend of China's furniture manufacturing industry in the future, China's furniture manufacturing industry will gradually show the trend of product development around the new generation of consumer design, furniture environmental protection is gradually paid attention to, customized furniture is gradually popular, function-oriented intelligent products are sought after by capital, furniture from popular consumption to personalized consumption.

4. Consumption trend of Chinese furniture market

From the perspective of the future consumption trend of China's furniture industry, with the deepening of the concept of "light decoration, heavy decoration", China's future Shanghai Furniture Expo will show the owner's attention to highlight the cultural taste of furniture, furniture from popular consumption to personalized consumption, children's furniture market potential.

5, China's furniture industry development prospects

With the development of the national economy and the improvement of residents' living standards, the people's housing level has gradually improved, and consumers' demand for furniture has become stronger and stronger, and more and more attention has been paid to furniture requirements. China's furniture industry will continue to develop well. According to the preliminary forecast of prospective Industry Research Institute, 2024-2029, China's furniture industry will grow year by year. By 2029, with the gradual expansion of the scale of the industry, the operating income of Chinese furniture enterprises above the scale is expected to reach 871.6 billion yuan, with an annual compound growth rate of 3.5%.

If you want to learn more about the food industry, please visit the Shanghai Furniture Expo website to learn more.

Source: Sina Finance

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