China Upholstered Furniture Market Size (2024 - 2029)

The China Upholstered Furniture Market is poised for significant growth, driven by factors such as rapid urbanization and increasing demand for stylish and comfortable furniture. As the largest producer and exporter globally, China dominates the market, with a substantial portion of its output catering to international demands, particularly from the United States. The market's expansion is further supported by the country's economic growth and the rising urban population, which boosts the consumption of upholstered furniture.

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Market Size of China Upholstered Furniture Industry

China Upholstered Furniture Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 42.41 Billion
Market Size (2029) USD 59.39 Billion
CAGR (2024 - 2029) 6.97 %
Market Concentration High

Major Players

China Upholstered Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Upholstered Furniture Market Analysis

The China Upholstered Furniture Market size is estimated at USD 42.41 billion in 2024, and is expected to reach USD 59.39 billion by 2029, growing at a CAGR of 6.97% during the forecast period (2024-2029).

China is currently the largest producer and exporter of upholstered furniture in the world. China is responsible for 40% of the global output value of upholstered furniture. Upholstered furniture has become increasingly popular in mainland China due to its comfort, stylish design, rich colors, and diverse styles. Over the past decade, China has experienced significant economic growth, and the furniture market has also seen a rapid increase in demand. In the current year, the revenue of furniture manufacturers increased by 1.5%, while their profits rose by 10.8% year on year.

Rapid urbanization is a major driving factor for the growth of the upholstered furniture market in China. According to the National Bureau of Statistics, China's urbanization level has surpassed 60%, making it the highest in the world. The increasing number of people living in urban areas has led to a rise in upholstered furniture sales. Furthermore, China's export of upholstered furniture has also increased. The United States is the largest importer of Chinese upholstery furniture, accounting for approximately one-third of all exports. This is expected to boost the growth of this market during the forecasted period.

China Upholstered Furniture Industry Segmentation

Upholstered furniture means any article of furniture wholly or partially filled with padding, springs, webbing, fabrics, or any other leather materials that are mostly used for sitting, resting, or reclining purposes. This report on China's upholstered furniture market provides a comprehensive evaluation of the market with market segmentation. The assessment of the economy, market overview, market size estimation, market dynamics, insights, and key trends observed in the market are analyzed. Moreover, the competitive profile of major competitors is also included in the report. China's upholstered furniture market is segmented by type (chair, sofa, beds, and other types), by application (commercial and residential), and by distribution channel (supermarkets and hypermarkets, specialty stores, e-commerce, and other distribution channels). The report offers market sizes and forecasts for all the above segments in value (USD).

Type
Chair
Sofa
Bed
Other Types
Application
Residential
Commercial
Distribution Channels
Supermarkets and Hypermarkets
Specialty stores
E-commerce
Other Distribution Channels
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China Upholstered Furniture Market Size Summary

The China upholstered furniture market is experiencing robust growth, driven by factors such as rapid urbanization, a burgeoning middle class, and increasing disposable incomes. As the largest producer and exporter of upholstered furniture globally, China has capitalized on its strong manufacturing capabilities and skilled labor force to meet the rising demand for stylish and comfortable furniture. The market's expansion is further supported by the country's significant economic growth and the evolving consumer preferences that favor diverse styles and rich colors in home furnishings. The real estate sector's growth, fueled by infrastructure investments and government initiatives, has also contributed to the increased demand for home furnishings, including upholstered furniture.

The market landscape is characterized by a high degree of fragmentation, with numerous small and medium-sized players catering to regional demands. Prominent companies such as QuanU Furniture, Red Apple Furniture, IKEA China, Kinwai Group, and Oppein Home dominate the organized segment. The rapid expansion of e-commerce in China, which accounts for a substantial portion of global online retail sales, has further bolstered the market. Many manufacturers are leveraging the O2O e-commerce model to enhance their reach, with international brands like IKEA entering Chinese e-commerce platforms. This dynamic environment presents significant opportunities for businesses aiming to enter or expand their presence in the Chinese upholstered furniture market.

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China Upholstered Furniture Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Demand for Home Furnishing

      2. 1.2.2 Growing Awareness of Interior Design Trends

    3. 1.3 Market Restraints

      1. 1.3.1 Fluctuating Prices of Raw Materials

    4. 1.4 Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Chair

      2. 2.1.2 Sofa

      3. 2.1.3 Bed

      4. 2.1.4 Other Types

    2. 2.2 Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 Distribution Channels

      1. 2.3.1 Supermarkets and Hypermarkets

      2. 2.3.2 Specialty stores

      3. 2.3.3 E-commerce

      4. 2.3.4 Other Distribution Channels

China Upholstered Furniture Market Size FAQs

The China Upholstered Furniture Market size is expected to reach USD 42.41 billion in 2024 and grow at a CAGR of 6.97% to reach USD 59.39 billion by 2029.

In 2024, the China Upholstered Furniture Market size is expected to reach USD 42.41 billion.

China Upholstered Furniture Market Report Snapshots

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