Hotel Furniture China

- Apr 24,2024 -

With the continuous innovation and development of the furniture market, its segmented industry hotel furniture has entered the era of brand competition.

In 2012, the total output value of hotel supplies nationwide reached 1.6 trillion yuan, accounting for more than 40% of the country's total output value, ranking first in China.

According to relevant department data, the Chinese furniture market has grown from a market size of 10 billion in 1990 to a market size of 780 billion in 2010. In the course of 20 years of development, the furniture market has become the fifth largest industry in China, and its market capacity has surpassed that of the household appliance industry. The average annual growth rate is 20%-30%. As a pillar of the hotel furniture, the hotel is also responding quickly to market demand.

In 2013, the report of the 18th National Congress put forward the concept of building “beautiful China”. It shows that energy conservation and emission reduction and the development of green economy will be the necessary guarantee for building “beautiful China”, and a new round of government-led large-scale investment construction, especially The urbanization infrastructure construction is accelerating, the government office environment continues to improve, the reform of the weak people's livelihood projects, the centralized release of affordable housing procurement projects, and hotel furniture become new development opportunities in the new market segment of government procurement.

It is understood that the steady development of urbanization across the country, the consumption of domestic demand continues to pull, the market share of the furniture industry and hotel supplies industry has also expanded. According to statistics, market demand is expected to reach 4 trillion by 2020.

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