Chinese Furniture Market Trends, Growth Analysis & Forecast by 2022 Sept 2018 | Page 2

China Furniture Market with Focus on Custom Furniture: Industry
Analysis & Outlook (2018-2022)
Chinese furniture market witnessed a healthy growth in 2017, owing to the factors such as urbanization,
economic growth and favorable demographics. But most importantly, the market was driven by higher
exports. Even western countries import furniture from China due to the cheap prices and high quality.
Many American retailers import Chinese furniture and sell it in their stores. Chinese furniture export
market would continue to grow at a robust CAGR for the next five years.
Custom furniture refers to furniture that craftsmen build according to the customer’s specifications. It
allows customers to decide on the color, type of material used, finish, and design, among other things.
Chinese custom furniture market is tremendously growing with rising domestic demand of kitchen cabinets
and wardrobes due to their exclusivity and cheap prices. Millions of aspirational households are turning to
custom furniture to furnish their homes, creating a huge demand in the custom furniture industry. Many
companies offer personalized product design, have factories capable of large-scale production, and provide
installation services.
Custom furniture market is still considered as an emerging market and in next five years, there would be a
notable growth in the market. Renovation industry is also playing a vital role in the growth of this industry.
Though, the market is expected to rise in future. But there are some factors such as real estate cycles and
high raw material prices, which can have adverse effects on market growth.
Complete report available at http://www.marketreportsonline.com/773467.html.