China's Furniture Industry Market Will Continue To Expand

- Oct 31, 2018-

Furniture is an indispensable household product in people's lives. With the changes of the times, the furniture industry is constantly innovating, satisfying consumer demand, improving the quality of life, promoting international trade, fully absorbing employment, promoting regional economy, and building a harmonious society. Played an important role.

As the necessary durable consumer goods for life, furniture is closely related to the economic development of the world and countries. Overall, the furniture industry as a whole maintains a relatively stable development trend. With the recovery of the world economy and the rapid rise of emerging markets, the future development of the world furniture industry is broad.

The increase in per capita disposable income boosts the demand for the furniture market. With the continuous development of China's economy, the per capita disposable income of the national residents has steadily increased from 16,510 yuan in 2012 to 23,821 yuan in 2016, with a compound annual growth rate of approximately 9.60%. The increase in per capita disposable income can effectively promote the improvement of the purchasing power of Chinese residents and further promote the development of market demand in the furniture industry.

According to the data of China Furniture Industry Market Demand Forecast and Investment Strategy Planning Analysis Report, from 2000 to 2015, the main business income of China's furniture manufacturing industry increased from 32.7 billion yuan to 777.3 billion yuan, with an average annual growth rate. Up to 24%.

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