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China Furniture Market Size, Share, Analysis, Forecast: By Material: Metal, Wood, Plastic, Glass, Others; By Product: Beds, Tables and Desks, Chairs and Stools, Cabinet and Shelves, Sofa and Couch, Others; By Application: Residential, Commercial; By Distribution Channel: Supermarkets and Hypermarkets, Others; Competitive Landscape; 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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material |
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Furniture Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Furniture Historical Market (2018-2023)
8.3 Asia Pacific Furniture Market Forecast (2024-2032)
8.4 Asia Pacific Furniture Market breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 China Furniture Market Overview
9.1 Key Industry Highlights
9.2 China Furniture Historical Market (2018-2023)
9.3 China Furniture Market Forecast (2024-2032)
10 China Furniture Market by Material
10.1 Metal
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Wood
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Plastic
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Glass
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 China Furniture Market by Product
11.1 Beds
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Tables and Desks
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Chairs and Stools
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Cabinet and Shelves
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Sofa and Couch
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 China Furniture Market by Application
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 China Furniture Market by Distribution Channel
13.1 Supermarkets and Hypermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Speciality Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Online
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code –9403)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Inter IKEA Systems B.V.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Interi Furniture Manufacturing Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Kinwai Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Chengdu Shuanghu Industrial Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Langfang Huari Furniture Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 ZheJiang HuaKang Furniture Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Zhejiang Huaweimei Intelligent Technology Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Honland Group
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 HuiFeng Furniture Co., Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Suofeiya Home Collection Co. Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Furniture Market: Key Industry Highlights, 2018 and 2032
2. China Furniture Market: Key Industry Highlights, 2018 and 2032
3. China Furniture Historical Market: Breakup by Material (USD Billion), 2018-2023
4. China Furniture Market Forecast: Breakup by Material (USD Billion), 2024-2032
5. China Furniture Historical Market: Breakup by Product (USD Billion), 2018-2023
6. China Furniture Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. China Furniture Historical Market: Breakup by Application (USD Billion), 2018-2023
8. China Furniture Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. China Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. China Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. China Furniture Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 176.97 billion in 2023.
The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 293.67 billion by 2032.
The major market drivers include expansion of the e-commerce sector and growing deployment of social media marketing for product promotion.
The key trends fuelling the growth of the market include expansion of hospitality sector and increasing production of environment friendly furniture.
The major distribution channels are supermarkets and hypermarkets, speciality stores, and online, among others.
The products available in the market include beds, tables and desks, chairs and stools, cabinet and shelves, and sofa and couch, among others.
The key players in the market are 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., and Suofeiya Home Collection Co. Ltd., among others.
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