Market Trends of Asia-Pacific Home Furniture Industry
Rising Kitchen Furniture is Driving the Market
The Revenue of the kitchen furniture market in the Asia Pacific has observed a continuous increase over the years existing at a value of more than USD 10.2 Billion last year with the rising average revenue per capita of kitchen furniture and increasing sales through online channels. China and Japan have emerged as countries in the region leading in revenue of kitchen furniture, resulting in an expansion of kitchen appliance manufacturing units and their sales. In addition, rising urbanization in Asia Pacific is leading to an increasing expenditure on kitchen appliances with an increasing number of people making expenditures on smart kitchen appliances. These trends lead to kitchen furniture emerging as a major segment of home furniture in the region.
China Leading in Asia Pacific Home Furniture Sales
Among the Home Furniture market in Asia Pacific China leads the sales. Revenue of the Chinese furniture market over the years has observed a continuous increase in revenue with Living room furniture, home décor, and bedroom furniture occupying a major share of the sales. Post-COVID Online revenue share of home furniture in China is observing a continuous increase leading to manufacturers diversifying their home furniture sales channel with an increasing revenue. Rising residential real estate, urbanization, and innovations of smart furniture in China are leading to an increase in the percentage share of people owning home furniture in China.
