The market is dominated by domestic suppliers, as imports account for 0.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 91.4% of total demand in 2023. China has the largest market size for furniture regionally, with demand reaching USD257 billion in 2023. Yanfeng Adient Seating Co Ltd is the largest company in China, generating 2.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 5.1% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 1.4% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 7.6% of production value in 2023, the 19th highest regionally. The industry’s exports share decreases in 2023 to 16.8% of total production output. With production value of USD248 billion, China accounts for 66.9% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Furniture in China: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in China: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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