As an important part of traditional manufacturing industry, furniture manufacturing industry is facing many challenges and opportunities in recent years.With the continuous change of consumer demand, the continuous progress of technology and the intensification of industry competition, furniture manufacturing enterprises need to constantly adjust and optimize their own business strategies to adapt to market changes.

Market size and growth

 

Furniture manufacturing industry market size is huge, but the growth rate has slowed down in recent years. Affected by macroeconomic environment, real estate market fluctuations and other factors, the demand for furniture market also shows a certain volatility. However, with the continuous improvement of consumers' pursuit of home life quality, as well as the increase in demand for housing renovation, the furniture market still has greater growth potential.

 

Industrial chain structure

 

The industry chain of furniture manufacturing industry includes raw material supply, production and manufacturing, sales channels and end consumers. In terms of raw material supply, wood and hardware accessories are the main raw materials for furniture manufacturing, and their price fluctuations have a greater impact on the cost of furniture manufacturing. In the production and manufacturing process, furniture manufacturing enterprises need to continuously improve production efficiency and product quality to meet market demand. In terms of sales channels, online sales and offline physical store sales are the main sales channels of furniture products, and the competition between the two is increasingly fierce.

 

Competitive pattern

 

The furniture manufacturing industry is highly competitive and there are many market participants. With the continuous improvement of consumer requirements for brand, quality, service and other aspects, the share of brand furniture enterprises in Shanghai International Home Expo has gradually expanded. However, small and medium-sized enterprises still occupy a dominant position in the market, and they compete for market share through price competition and product innovation.

 

Challenge

 

The furniture manufacturing industry faces many challenges. First of all, the fluctuation of raw material prices has a greater impact on the cost of furniture manufacturing, and enterprises need to strengthen cost management to cope with the rise in raw material prices. Secondly, the intensification of market competition makes furniture manufacturing enterprises need to continuously improve their competitiveness, including product innovation, brand building, channel expansion and so on. In addition, the tightening of environmental protection policies has also put forward higher requirements for the furniture manufacturing industry, and enterprises need to strengthen environmental protection governance and green production.

 

Chance

 

Despite the many challenges, the furniture manufacturing industry is also pregnant with many opportunities. First of all, consumers' pursuit of the quality of home life continues to improve, providing a broad space for the development of Shanghai International Home Expo. Secondly, the increase in demand for housing renovation has also brought new growth points to the furniture market. In addition, the continuous progress of technology provides more innovative means and development momentum for furniture manufacturing enterprises.

 

Intelligent development

 

With the continuous development of artificial intelligence, Internet of things and other technologies, the furniture manufacturing industry will develop in the direction of intelligence. Intelligent furniture products will have higher convenience, comfort and personalized characteristics to meet the diversified needs of consumers.

 

Integration of online and offline

 

Online sales and offline physical store sales will be further integrated to provide consumers with a more convenient and diversified shopping experience. Furniture manufacturing enterprises need to strengthen the integration and optimization of online and offline channels to improve sales efficiency and service level.

In summary, the furniture manufacturing industry is facing a situation of both challenges and opportunities. Enterprises need to strengthen their competitiveness, seize market opportunities, cope with market challenges, and achieve sustainable development.

 

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

 

Source: World Factory Big Data Query (public number)

If there is infringement, please contact delete