China Furniture Market Report and Forecast 2024-2032

China Furniture Market Outlook

The China furniture market size reached approximately USD 176.97 billion in 2023. The market is further projected to grow at a CAGR of 5.7% between 2024 and 2032, reaching a value of USD 293.67 billion by 2032.

Key Trends in the Market

Furniture is made up of glass, metal, plastic, and wood, among other materials and is used for supporting various human activities such as studying, sleeping, sitting, and eating. These movable objects are also used for storing different materials. Furniture can also be a product of design and is often considered to be decorative art.

• The expansion of the hospitality sector is aiding the China furniture market growth. Various businesses including hotels and restaurants are increasingly spending on high end and aesthetically appealing décor items and furniture so as to provide their customers with a comfortable and memorable stay.

• The increasing production of environment friendly furniture due to growing demand is supporting the market expansion. The rising environment consciousness among the regional population is bolstering this demand.

• The expansion of e-commerce sector in the country is providing lucrative growth opportunities to the market as it is allowing various retailers to boost their online presence and expand their customer base. The comfort and convenience of fast shipping and at door delivery is further bolstering the popularity of online distribution channels.

China Furniture Market Analysis

On the basis of material, the market is divided into metal, wood, plastic, and glass, among others. Based on product, the market is classified into beds, tables and desks, chairs and stools, cabinet and shelves, and sofa and couch, among others.

On the basis of application, the market is bifurcated inti residential and commercial. Based on distribution channel, the China furniture market segmentation includes supermarkets and hypermarkets, speciality stores, and online, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Inter IKEA Systems B.V. 

• Interi Furniture Manufacturing Co., Ltd. 

• Kinwai Inc. 

• Chengdu Shuanghu Industrial Co., Ltd. 

• Langfang Huari Furniture Co., Ltd. 

• ZheJiang HuaKang Furniture Co., Ltd. 

• Zhejiang Huaweimei Intelligent Technology Co., Ltd. 

• Honland Group 

• HuiFeng Furniture Co., Ltd. 

• Suofeiya Home Collection Co. Ltd. 

• Others

Market Share by Application

Residential applications are anticipated to account for a significant China furniture market share. This growth can be attributed to the expansion of the real estate sector and rising disposable incomes in the country. Growing urbanisation and evolving customer preferences are further boosting the requirement for furniture for residential applications. The growing deployment of social media marketing for product promotion and easy availability of furniture made from different materials across both online distribution channels and physical stores is further bolstering the demand for furniture from the residential sector.

Market Share by Distribution Channel

Online distribution channels are anticipated to witness significant growth over the forecast period. Thig growth can be attributed to the hassle-free and convenient nature of online shopping and availability of easy exchange and return along with fast delivery services. The presence of a wide range of furniture designs, brands, and colour schemes are boosting the popularity of online distribution channels in China. The availability of detailed product descriptions and reviews by customers further enhance the shopping experience for the customers and bolster the China furniture market demand.

Competitive Landscape

Inter IKEA Systems B.V. is dedicated towards offering high quality, functional, durable, and affordable home furnishing solutions to their customers. The company’s product portfolio comprises of tables and desks, beds, cabinets and shelves, and sofa and couches, among others.

Interi Furniture Manufacturing Co., Ltd. is one of the leading home furnishing manufacturing companies that was founded in 2003. The company specialises in hotel furniture, decorations, apartment furniture, restaurant furniture, and modular kitchen, among others.

Kinwai Inc. is one of the leading multinational furniture manufacturing companies that specialises in home, office, and hotel furniture. The company is known for their environmental craftsmanship and functional design.

Other China furniture market key players include Chengdu Shuanghu Industrial Co., Ltd., Langfang Huari Furniture Co., Ltd., ZheJiang HuaKang Furniture Co., Ltd., Zhejiang Huaweimei Intelligent Technology Co., Ltd., Honland Group, HuiFeng Furniture Co., Ltd., and Suofeiya Home Collection Co. Ltd., among others.

Key Highlights of the Report