GBIChina | Furniture and Decorations
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Furniture and Decorations

Industry development status

Higlobal brings you new opportunities

The United States is one of the leading exporters of Chinese furniture factories. In 2021, the export market of furniture industry was hot, and reached its highest peak in February. However, in 2022, the furniture export has gone from hot to calm. This is because domestic furniture enterprises cannot go abroad to participate in the exhibition due to the influence of the epidemic and other factors. Compared with other brands that can participate in the exhibition freely, the opportunities of channel expansion are reduced.

Despite the decline in revenue caused by the COVID-19 pandemic, the potential of the furniture and decoration market brought by China’s large population is still significant. Despite the impact of the COVID-19 pandemic, 12 related companies went public in 2022. China has lifted the epidemic prevention policy, and the furniture and decoration industry is expected to be further repaired. This is a very important opportunity for many countries to conduct business cooperation and investment in the Chinese market, so as to better develop their international market space and realize the value of their enterprises.

Consumer expectation

With the improvement of per capita income and living conditions, as well as the longer time spent living, studying and working at home, consumers, especially those in first-tier cities, will put forward higher requirements for their home environment. The young generation of consumer groups gradually poured into the furniture market, and more and more people began to enjoy home life. The diversified needs of consumers and the establishment of brand awareness have become the focus of the development of furniture enterprises. At the same time, the improvement of comprehensive quality prompts consumers to choose the direction of environmental protection and intelligence in home decoration. Therefore, enterprises will also face the challenge of environmental protection, energy conservation and the introduction of intelligent production lines.

Facing the changing market situation, foreign trade enterprises of furniture are constantly optimizing product quality and service mode. Companies are constantly optimizing resources and enabling online operations. Now, most companies’ main products are smart home, in addition to overseas home, supply chain SaaS and so on, which have attracted a lot of investor attention.

There are many kinds of furniture, as your service partner, Higlobal can make more detailed selection for you. At the same time, we rely on our own unique system to solve the supply chain lag and other problems to help you avoid trade risks.