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China Furniture Market The furniture industry in China has undergone a dynamic change from traditional operations to technology driven industry over the last few years 2010-2015. The growth in the furniture industry in past decades was phenomenal and was quite evident through consistent surge in exports. In 2010, the China furniture market was valued at USD 40.9 billion which has increased to USD ~ billion in 2015 growing at a CAGR of ~% during the period. The furniture industry in China has been immensely driven by its ability to provide best quality furniture products at best affordable prices without compromising on the quality standards and low cost skilled workforce. With the substantial growth in the real estate industry, technology and increasing growth rate in tourism from ~% in 2011 to ~% in 2015
Cabinet Market is likely to witness a CAGR of 5.5% during the forecast period. The major factors such as rebounding in residential building construction with a significant growth, enhancements in design trends which demands to have larger kitchen area, increasing demand for bathroom cabinets having medicine vanities which can also be used for storing personal objects and cleaning supplies, and growing demand in non-residential market for various trending cabinets are expected to accelerate the growth of the market during the forecast period.
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According to Renub Research analysis Modular Kitchen Market projected to reach a value of US$ 28.54 Billion by 2025. Global Forecast by Distribution Channels, Design, Products.
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Asia Pacific was the largest geographic region accounting for $52.1 billion or 44.5% of the global market. China was the largest country accounting for $30.9 billion or 26.3% of the global office furniture market. Read Report https://www.thebusinessresearchcompany.com/report/office-furniture-global-market-report-2018
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The emerging trend of compact and integrated modular homes, owing to the rising number of nuclear families, is primarily driving the folding furniture market. Additionally, the widespread product requirement for creating a personalized working space, on account of the sudden outbreak of the COVID-19 pandemic across countries and the elevating adoption of remote working models, is further catalyzing the market growth.
The report covers aspects such as overall furniture market, organized home furniture market, segmentation of organized home furniture market by product categories, regional sales, target group, age group, city wise home furniture sales, by distribution channel and by material categories. The report also covers extensive analysis on customer preferences in India home furniture market, along with the trade scenario of furniture in India.
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The area which compliments the aesthetic of both the living room and kitchen area is the dining room. Dining room space must be ample enough because it gathers everyone at one place after a long stressful day. Dining room furniture should be selected thoughtfully, so that you can get an overwhelming place for eating.