China Wood Furniture Market Size was valued at USD 36.2 Billion in 2022. The China Wood Furniture industry is projected to grow from USD 38.7 Billion in 2023 to USD 66.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024 - 2032). Growing demand for resources for wood furniture and wood growing demand for renewable and environmentally friendly wood furniture are the main market drivers anticipated to propel the China Wood Furniture Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
China Wood Furniture Market Trends
China's demand for furniture, particularly wood furniture, has increased due to the country's fast urbanization and accompanying rise in home construction. The need for furniture increases as more people buy or rent homes in cities and move closer to one another, which fuels the need for wood furniture. This is explained by the rising need for furniture that is both compact and multipurpose in order to optimize the use of available space in smaller houses or apartments. Accordingly, there is a growing demand for renewable and environmentally friendly wood furniture as a result of people's growing awareness of various environmental challenges. Additionally, a greater emphasis on the aesthetics of interior design is driving demand for wooden furniture with rustic, vintage, or futuristic designs, which is favorably affecting the industry.
Furthermore, positive market trends are also being fueled by consumers' growing appreciation for real, natural materials for furniture. Additionally, as customers search for furniture that gives their homes a unique touch, the demand for wood furniture is being driven by the increasing amount of personalization and customization possibilities provided by furniture makers. Rapid urbanization, significant expansion in the hospitality and commercial sectors, the emergence of the do-it-yourself (DIY) and no-assemble furniture trends, ongoing technological advancements in the processes used to manufacture wood furniture, and intensive research and development (R&D) activities are some of the other factors driving the market. According to a recent survey, with a projected USD 68.6 billion in sales of furniture online in 2019, China is expected to lead the world in this regard. In the last two to three years, the number of furniture sales channels has expanded due to China's e-commerce industry's explosive growth. The percentage of furniture sold online through online distribution channels climbed from 54% in 2018 to approximately 58% in 2019, indicating that people are becoming more and more averse to buying furniture products online. The country's demand for furniture products is expected to climb further as a result of the steady expansion in e-commerce and the rise in retailers using online platforms to market their goods.
China Wood Furniture Market Segment Insights
China Wood Furniture Material Insights
The China Wood Furniture market segmentation, based on Material, includes Wood, Metal, Plastic, and Other Materials. The wood segment dominated the market mostly. This is because traditional Chinese furniture frequently has exquisite woodworking and craftsmanship. Hardwoods and softwoods are employed in equal measure; oak, pine, cherry, and mahogany are common hardwood options. Customers are drawn to wooden furniture because of its warmth, organic beauty, and design flexibility.
China Wood Furniture Application Insights
The China Wood Furniture market segmentation, based on Application, includes Home Furniture, Office Furniture, Hospitality Furniture, and Other Furniture. The home furniture generated the most income. This is because Chinese citizens are becoming more eager to spend money on house furnishings. Housing conditions have improved, especially in their dining rooms, living rooms, and bedrooms.
China Wood Furniture Distribution Channel Insights
The China Wood Furniture market segmentation, based on Distribution Channel, includes Supermarkets & Hypermarkets, Specialty Stores, Online, and Others. The supermarkets & hypermarkets generated the most income. These massive retail chains serve a wide range of consumer needs and budgets by carrying both branded and mass-produced furniture items. Supermarkets and hypermarkets offer convenience and accessibility to clients who are looking for furniture together with their normal shopping.
Figure1: China Wood Furniture Market, by Distribution Channel, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
China Wood Furniture Country Insights
The furniture industry in China is anticipated to rise at a rate of seven percent (CAGR) throughout the estimated timeframe. One of the largest furniture industries in the world is found in China. It ranks well among the top producers, importers, and exporters of furniture. Approximately 40% of the furniture produced worldwide is produced on the production side of the Chinese furniture business. The rising appeal of wood furniture in China can be attributed to changes in lifestyle choices brought about by Westernization, globalization, and exposure to international design trends. Many customers view wood furniture as an environmentally friendly, high-quality, and sophisticated choice that fits with their changing preferences and goals.
China Wood Furniture Key Market Players& Competitive Insights
Leading market players are putting a lot of money into R&D to expand their product lines, which will spur additional expansion in the China Wood Furniture market. Additionally, market players are engaging in a range of calculated actions to increase their presence, with important market developments including the introduction of new goods, agreements, mergers and acquisitions, higher investment levels, and collaboration with other businesses. to expand and survive in an increasingly cutthroat industry; China Wood Furniture industry must provide reasonably priced goods.
Major players in the China Wood Furniture market are making investments in R&D operations in an effort to boost market demand, including Qumei Furniture, Huari Furniture, Red Apple Furniture, Zhejiang Huafeng Furniture, Interi Furniture, and Guangdong Landbond Furniture Group Co., Ltd.
Key Companies in the China Wood Furniture market include
China Wood Furniture Industry Developments
November 2021: This standard specifies the terminology, principles, tools, samples, testing techniques, data treatment, and uncertainty of measurements in the determination process for determining the presence of radioactive compounds in furniture.
October 2020: Both the Technical Specification of Modified Wood for Furniture and the General Technical Requirements for Rattan Furniture will become operative. These two standards specify how rattan furniture and modified Wood should be defined, classified, inspected, and governed. They also specify how they should be packaged, shipped, labeled, and used.
China Wood Furniture Market Segmentation
China Wood Furniture Material Outlook
China Wood Furniture Application Outlook
China Wood Furniture Distribution Channel Outlook
| Report Attribute/Metric | Details |
| Market Size2022 | USD 36.2 Billion |
| Market Size 2023 | USD 38.7 Billion |
| Market Size2032 | USD 66.6 Billion |
| Compound Annual Growth Rate (CAGR) | 7.00% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Application, Distribution Channel |
| Countries Covered | China |
| Key Companies Profiled | Qumei Furniture, Huari Furniture, Red Apple Furniture, Zhejiang Huafeng Furniture, Interi Furniture, and Guangdong Landbond Furniture Group Co., Ltd. |
| Key Market Opportunities | ·        Growing demand for renewable and environmentally friendly wood furniture ·        Rise in the growing demand for resources for wood furniture |
| Key Market Dynamics | ·        Growth in the customers view wood furniture as an environmentally friendly ·        Increasing amount of personalization and customization possibilities provided by furniture makers |
Frequently Asked Questions (FAQ) :
The size of the China Wood Furniture market was estimated at USD 38.7 billion in 2023.
It is anticipated that the market will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2032.
Qumei Furniture, Huari Furniture, Red Apple Furniture, Zhejiang Huafeng Furniture, Interi Furniture, and Guangdong Landbond Furniture Group Co., Ltd. are the major companies in the market.
Wood dominated the market in 2023.
The Home Furniture category had the largest share of the market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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