China Home Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

China Home Furniture Market is segmented by Type (Kitchen Furniture, Living-room and Dining-room Furniture, Bedroom Furniture, and Other Furniture) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online, and Others).

Market Snapshot

China Home Furniture Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >6 %

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Market Overview

Home furniture includes beds and mattresses, tables and tabletops, desks, chairs, storage cabinets, sofas, and other furniture that are used to make a house or building a comfortable place to live. China is a big country and has its local furniture industry based in different locations. Over the past few years, multi-purpose and smart pieces of furniture have gained popularity to meet the rising demand in the home furniture market, to meet the criteria of aesthetics and functionality. As the standard of living continues to improve in China people are becoming increasingly willing to invest in home decoration. Innovative raw materials for furniture, smart techniques and new technology are here to meet the industry needs, which further to better serve the furniture markets.

Scope of the Report

A complete background analysis of the China home furniture market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report.

Type
Kitchen Furniture
Living Room and Dining Room Furniture
Bedroom Furniture
Other Furniture
Distribution Channel
Supermarkets
Specialty Stores
Online
Other Distribution Channels

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Key Market Trends

Increasing Disposable Income is Driving the Market

China is the most populated nation across the globe and due to this domestic demand is quite high in China. Rise in per capita disposable income in China, increasing population, and urbanization are some other factors that are enhancing the demand for China's home furniture market. Increasing disposable income has influenced the individual to spend more on a comfortable lifestyle, this is expected to provide growth opportunities for the China home furniture market. Rising consumer spending and disposable income levels are expected to boost the consumption of home furniture products.

China Home Furniture Market 1

Kitchen Furniture Segment

Kitchen furniture is mainly used in kitchen storage, cooking, washing, and other purposes. The high percentage of the population living in the urban areas have been the primary consumers for kitchen furniture and this will present the market with huge growth opportunity and potential in the near future. The number of residential property transactions is also expected to increase over the coming period, fuelled by rising real incomes and low unemployment levels allowing more people to buy homes, and increase demand for kitchen furniture.

China Home Furniture Market 2

Competitive Landscape

The report covers major international players operating in the China home furniture market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters 5 Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Kitchen Furniture

      2. 5.1.2 Living Room and Dining Room Furniture

      3. 5.1.3 Bedroom Furniture

      4. 5.1.4 Other Furniture

    2. 5.2 Distribution Channel

      1. 5.2.1 Supermarkets

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online

      4. 5.2.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Interi Furniture

      2. 6.2.2 Chengdu Sunhoo Industrial Co., Ltd.

      3. 6.2.3 JL&C Furniture Co., Ltd.

      4. 6.2.4 Red Apple Furniture

      5. 6.2.5 Kinwai Group

      6. 6.2.6 Qumei Furniture

      7. 6.2.7 Guangdong Landbond Furniture Group Co., Ltd.

      8. 6.2.8 Huari Furniture

      9. 6.2.9 IKEA

      10. 6.2.10 Zhejiang Huaweimei Group Co., Ltd.

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

  9. 9. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The China Home Furniture Market market is studied from 2016 - 2026.

The China Home Furniture Market is growing at a CAGR of >6% over the next 5 years.

Interi Furniture, Chengdu Shuanghu Industrial Co., Ltd., Red Apple Furniture, Kinwai Group, Qumei Furniture are the major companies operating in China Home Furniture Market.

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