China Home Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Home Furniture Market in China is Segmented by Product (Living Room and Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, and Plastic and Other Furniture) and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail Stores, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the China Home Furniture Market in Value (USD) for all the Above Segments.

China Home Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

China Home Furniture Market Size

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China Home Furniture Market (2024 - 2029)
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 63.45 Billion
Market Size (2029) USD 76.27 Billion
CAGR (2024 - 2029) 3.75 %
Market Concentration Medium

Major Players

China Home Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of China Home Furniture Market with other markets in Home and Property Improvement Industry

Kitchen Appliances

Home Appliances

Laundry Appliances

Home Decor

Furniture and Furnishings

Floor Coverings

China Home Furniture Market Analysis

The China Home Furniture Market size is estimated at USD 63.45 billion in 2024, and is expected to reach USD 76.27 billion by 2029, at a CAGR of 3.75% during the forecast period (2024-2029).

China is the world's largest furniture exporter. China may be known for producing poor-quality products, but it produces high-quality furniture. China's population is so large that China's furniture market is the largest job-providing industry in the world. Everything from wood cutting to wood delivery is labour-intensive.

China's ongoing urbanization process has led to the development of new residential properties and increased demand for home furniture. As more people move into urban areas and purchase homes, the demand for furniture for living rooms, bedrooms, dining rooms, and kitchens grows.

The expanding middle class in China has higher disposable incomes and a growing appetite for consumer goods, including home furniture. Middle-class consumers prioritize comfort, style, and quality when furnishing their homes, driving demand for a wide range of furniture products. Changing lifestyles, evolving consumer tastes, and Western influences shape furniture design and preferences in China. Modern and minimalist designs, multifunctional furniture, and smart home solutions are increasingly popular among Chinese consumers. China's booming e-commerce industry, led by platforms like Alibaba's Tmall and JD.com, has transformed the home furniture market. Online shopping offers convenience, a wide selection of products, and competitive pricing, driving online furniture sales growth. Interior design trends, influenced by architecture, fashion, and art factors, impact furniture design and purchasing decisions. Chinese consumers seek furniture that reflects their style, enhances their living spaces, and creates a comfortable and welcoming environment.

China Home Furniture Industry Overview

The market is fragmented in nature and thus moderately competitive. 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 tapping new markets. The report covers major international players operating in the China home furniture market.

China Home Furniture Market Leaders

  1. Interi Furniture

  2. Red Apple Furniture

  3. Kinwai Group

  4. Qumei Furniture

  5. Kuka Home

  6. *Disclaimer: Major Players sorted in no particular order
China Home Furniture Market Concentration
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China Home Furniture Market News

  • September 2023: IKEA gears up to lower prices and invest 6.3 billion yuan (USD 0.88 billion) in enhancing professional home solutions, personalized services, and omni-channel ecological construction. Additionally, the brand reveals plans to slash prices on over 300 products and introduce installment payment services for Chinese consumers in fiscal year 2024.
  • January 2024: Kuka Home, the prominent Chinese furniture company, has entered the Indian market by inaugurating its flagship store. The store's primary objective is to meet the diverse demands of Indian consumers, offering a wide range of home furnishing options. This move signifies Kuka Home's shift in strategy, transitioning from a sole emphasis on product globalization to establishing a global brand presence. Notably, this venture represents their inaugural endeavor in creating a holistic home living destination beyond the borders of China.

China Home Furniture Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Value Chain/Supply Chain Analysis
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Insights of Technology Innovations in the Market
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product
    • 5.1.1 Living Room and Dining Room Furniture
    • 5.1.2 Bedroom Furniture
    • 5.1.3 Kitchen Furniture
    • 5.1.4 Lamps and Lighting Furniture
    • 5.1.5 Plastic and Other Furniture
  • 5.2 By Distribution Channel
    • 5.2.1 Supermarkets/Hypermarkets
    • 5.2.2 Specialty Stores
    • 5.2.3 Online Retail Stores
    • 5.2.4 Other Distribution Channels

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Competion Overview
  • 6.2 Company Profiles
    • 6.2.1 Interi Furniture
    • 6.2.2 Chengdu Sunhoo Industrial Co., Ltd.
    • 6.2.3 JL&C Furniture Co., Ltd.
    • 6.2.4 Red Apple Furniture
    • 6.2.5 Kinwai Group
    • 6.2.6 Qumei Furniture
    • 6.2.7 Guangdong Landbond Furniture Group Co., Ltd.
    • 6.2.8 Huari Furniture
    • 6.2.9 IKEA
    • 6.2.10 Zhejiang Huaweimei Group Co., Ltd.*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

**Subject to Availability
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China Home Furniture Industry Segmentation

Home furniture refers to the category of products, which occupy the physical ambiance of a house.

The China home furniture market is segmented by product and by distribution channel. By product, the market is sub-segmented into living room and dining room furniture, bedroom furniture, kitchen furniture, lamps and lighting furniture, and plastic and other furniture, by distribution channel, the market is sub-segmented into supermarkets/hypermarkets, specialty stores, online retail stores, and other distribution channels.

The report offers market size and forecasts for the China home furniture market in value (USD) for all the above segments.

By Product Living Room and Dining Room Furniture
Bedroom Furniture
Kitchen Furniture
Lamps and Lighting Furniture
Plastic and Other Furniture
By Distribution Channel Supermarkets/Hypermarkets
Specialty Stores
Online Retail Stores
Other Distribution Channels
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China Home Furniture Market Research FAQs

How big is the China Home Furniture Market?

The China Home Furniture Market size is expected to reach USD 63.45 billion in 2024 and grow at a CAGR of 3.75% to reach USD 76.27 billion by 2029.

What is the current China Home Furniture Market size?

In 2024, the China Home Furniture Market size is expected to reach USD 63.45 billion.

Who are the key players in China Home Furniture Market?

Interi Furniture, Red Apple Furniture, Kinwai Group, Qumei Furniture and Kuka Home are the major companies operating in the China Home Furniture Market.

What years does this China Home Furniture Market cover, and what was the market size in 2023?

In 2023, the China Home Furniture Market size was estimated at USD 61.07 billion. The report covers the China Home Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the China Home Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

China Home Furniture Industry Report

Statistics for the 2024 China Home Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Home Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.