Market Share of China Furniture Industry
China's furniture market is highly competitive with the presence of both local and international players. Some of the major players in the country include Suofeiya, Chengdu Shuanghau Industrial Company, Oppein Homes and Landbond Group. New emerging business opportunities in the market are attracting new entrants in the Chinese furniture industry and there is also an increase of foreign players entering the market. The foreign furniture companies currently acquire around 3-4% of the market share in the country and lead the high-end segment. However, these companies are targeting low-end segments for obtaining high market share. Companies like IKEA have succeeded in opening nearly 20 stores across the country and it is expected that it is likely to open 13 new stores by 2020.
China Furniture Market Leaders
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Interi Furniture
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Qumei Furniture
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IKEA China
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Kinwai Group, China
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Chengdu Sunhoo Industry Co., Ltd
*Disclaimer: Major Players sorted in no particular order
