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Key regions: Canada, United Kingdom, Brazil, Germany, India
The Kitchen & Dining Furniture market in China is experiencing significant growth and development due to several key factors.
Customer preferences: Chinese consumers have shown a growing interest in kitchen and dining furniture, driven by changing lifestyles and increasing disposable incomes. As more people move into urban areas and live in smaller apartments, there is a greater need for compact and functional furniture that can maximize space. Additionally, the rising popularity of home cooking and entertaining has led to a higher demand for stylish and modern kitchen and dining furniture that can create a welcoming and comfortable environment for family and friends.
Trends in the market: One major trend in the Chinese Kitchen & Dining Furniture market is the growing demand for smart and technologically advanced products. Chinese consumers are increasingly looking for furniture that integrates smart features such as built-in appliances, wireless charging capabilities, and voice control systems. This trend is driven by the rapid adoption of smart home technology in China, as well as the desire for convenience and efficiency in daily life. Another trend in the market is the increasing focus on sustainability and eco-friendly materials. Chinese consumers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from renewable resources and recycled materials. This trend is also influenced by government initiatives to promote sustainable development and reduce carbon emissions.
Local special circumstances: China has a rich culinary tradition and food culture, which has a significant influence on the Kitchen & Dining Furniture market. Chinese consumers value furniture that reflects their cultural heritage and traditions, such as dining tables with round shapes that symbolize unity and harmony. Additionally, there is a preference for furniture with intricate designs and decorative elements that showcase craftsmanship and attention to detail.
Underlying macroeconomic factors: The rapid urbanization and economic growth in China have contributed to the development of the Kitchen & Dining Furniture market. As more people move into cities and experience an increase in disposable incomes, there is a greater demand for home furnishings and appliances. The growing middle class in China has also led to a rise in consumer spending on lifestyle products, including kitchen and dining furniture. Furthermore, government policies and initiatives have played a role in the development of the market. The Chinese government has implemented measures to stimulate domestic consumption and encourage the growth of the domestic furniture industry. These policies include subsidies for furniture manufacturers, tax incentives for consumers, and the promotion of domestic brands. In conclusion, the Kitchen & Dining Furniture market in China is experiencing growth and development due to changing customer preferences, including a demand for smart and sustainable products. Local cultural influences and underlying macroeconomic factors, such as urbanization and government policies, also contribute to the market's growth.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)