2023
8
China Furniture Retailing Market Report 2023
2023-07-04T03:00:54+00:00
REP734763FF_5FCD_49D6_9FD4_4DE89B6DB008
4995
164666
[{"name":"Home Retailing","url":"https:\/\/store.mintel.com\/industries\/retail\/home-retailing"},{"name":"Retail","url":"https:\/\/store.mintel.com\/industries\/retail"},{"name":"Market Intelligence Reports","url":"https:\/\/store.mintel.com\/report-type\/market-intelligence-reports"},{"name":"China","url":"https:\/\/store.mintel.com\/markets\/china-market-research"}]
Report
en_GB
“Consumers prioritise practicality and functionality when choosing furniture products, while still valuing the unique design and aesthetics of furniture that allow them to express their personality and taste. Furniture brands…
China
Home Retailing
Retail
simple

China Furniture Retailing Market Report 2023

“Consumers prioritise practicality and functionality when choosing furniture products, while still valuing the unique design and aesthetics of furniture that allow them to express their personality and taste. Furniture brands should strike a good balance between functionality and distinctive design. Additionally, there is increasing demand for furniture specially designed for children and pets. Brands should seize these segment market opportunities to differentiate themselves from competitors.”
Helen Ren, Research Analyst

This Report looks at the following areas:

  • Consumers’ spending on furniture and why do they purchase various types of furniture.
  • Where do consumers search for information and purchase furniture.
  • What features of furniture would attract consumers to buy and how can furniture brands attract consumers’ attention.
Collapse All
  1. Overview

    • What you need to know
      • Key Issues covered in this Report
        • Covered in this Report
        • Executive Summary

            • The market
              • Domestic furniture market still shows growth potential
                • Policies support and ongoing urbanisation drive the development of the furniture industry
                  • Figure 1: China’s urbanisation rates, 2013-22
                • Consumer confidence picks up, spending on home expected to recover
                  • Figure 2: Consumer confidence about improving financial situations in the next three months – very confident, 2022-23
                  • Figure 3: Consumers who have spent more on home sector, 2022-23
                • Companies and brands
                  • Furniture and building material retailers integrate online and offline to bring better experience
                    • Well-known furniture brands focus on whole-house customisation and develop online channels
                      • Emerging furniture brands promote their original designs
                        • International home brands provide lifestyles rather than products
                          • Provide a rich offline experience
                            • Engage with consumers through story sharing
                              • Charity activities to convey a warmer brand image
                                • Specially designed furniture for children
                                  • Furniture designed with pets and pet owners in mind
                                    • Sustainable furniture using recycled materials
                                      • 3D-printed furniture provides unique aesthetics
                                        • The consumer
                                          • Furniture designed for children and pets in great demand
                                            • Figure 4: Changes in spending on home furniture, 2023
                                          • Consumers purchase furniture mostly out of practical reasons
                                            • Figure 5: Reasons for purchasing furniture, 2023
                                          • Online channels have become the main source of furniture information
                                            • Figure 6: Furniture information channels, 2023
                                          • Offline continues to be the main furniture purchase channel while comprehensive shopping websites on the rise due to pandemic impact
                                            • Figure 7: Furniture purchase channels, 2023
                                          • Functionality over design in furniture consumption
                                            • Figure 8: Attractive features of furniture, 2023
                                          • Service is the key for furniture brands to engage consumers
                                            • Figure 9: Aspects to trigger interest in a furniture brand, 2023
                                          • Product still the key to furniture
                                            • Figure 10: Attitudes towards furniture purchasing, 2023
                                          • Improve online experiences to trigger more high-value purchases
                                            • tFigure 11: Attitudes towards furniture purchasing, 2023
                                          • Use recycling services to encourage sustainable furniture consumption
                                            • Figure 12: Attitudes towards furniture purchasing, 2023
                                          • What we think
                                          • Issues and Insights

                                            • Functionality remains a priority while diversity should not be overlooked
                                              • Figure 13: ORIGAMI Sofa from HC28, 2023
                                            • Experience and service are the focus of differentiation
                                              • Figure 14: IKEA AI-driven digital design tool “IKEA Kreativ”, 2022
                                              • Figure 15: IKEA launched a virtual space on Tmall, 2022
                                              • Figure 16: Trade-in service launched by Easyhome on Dongwo app, 2022
                                          • Market Overview

                                              • Figure 17: Total retail sales of furniture, China, 2018-22
                                          • Market Factors

                                            • Policies support the refined development of the furniture industry
                                              • Ongoing urbanisation helps sustain furniture demand
                                                • Figure 18: China’s urbanisation rates, 2013-22
                                              • Consumer confidence picks up, spending on home expected to recover
                                                • Figure 19: Consumer confidence about improving financial situations in the next three months – very confident, 2022-23
                                                • Figure 20: Consumers who have spent more on home sector, 2022-23
                                            • Key Players’ Performance

                                              • Furniture and building material retailers integrate online and offline to bring better experience
                                                • Well-known furniture brands focus on whole-house customisation and develop online channels
                                                  • Emerging furniture brands promote their original designs
                                                    • International home brands provide lifestyles rather than products
                                                    • Marketing Activities

                                                      • Provide a rich offline experience
                                                        • Figure 21: IKEA launched spring sleep activity with sleep capsules, 2023
                                                      • Engage with consumers through story sharing
                                                        • Figure 22: “Fnji at home” story sharing activity
                                                      • Attitudes towards Sustainability – China – 2022Charity activities to convey a warmer brand image
                                                        • Figure 23: Oppein launched “Little Orange House for stray cats” charity activity, 2022
                                                    • New Product Trends

                                                      • Specially designed furniture for children
                                                        • Figure 24: A series of children’s furniture by Fnji, 2022
                                                        • Figure 25: A detachable modular bed launched by PUPUPULA, 2023
                                                      • Furniture designed with pets and pet owners in mind
                                                        • Figure 26: MUJI launched pet furniture and product with the same design as human products, 2022
                                                        • Figure 27: ZAOZUO introduced Cranberry Sofa that is resistant to cat scratching, 2023
                                                      • Sustainable furniture using recycled materials
                                                        • Figure 28: Stool made from recycled plastic, 2022
                                                      • 3D-printed furniture provides unique aesthetics
                                                        • Figure 29: 3D-printed furniture by UNICOGGETTO, 2022
                                                    • Spending on Home Furniture

                                                      • Furniture designed for children and pets in great demand
                                                          • Figure 30: Changes in spending on home furniture, 2023
                                                      • Reasons for Purchasing Furniture

                                                        • Consumers purchase furniture mostly out of practical reasons
                                                          • Figure 31: Reasons for purchasing furniture, 2023
                                                        • Highly educated consumers emphasise personalisation
                                                          • Figure 32: Reasons for purchasing furniture, by education, 2023
                                                        • Reasons to purchase furniture related to living situation
                                                          • Figure 33: Reasons for purchasing furniture, by living situation, 2023
                                                      • Furniture Information and Purchase Channels

                                                        • Online channels have become the main source of furniture information
                                                          • Figure 34: Repertoire analysis on furniture information channels, 2023
                                                          • Figure 35: Furniture information channels, 2023
                                                        • Offline continues to be the main furniture purchase channel while comprehensive shopping websites on the rise due to pandemic impact
                                                          • Figure 36: Repertoire analysis on furniture purchase channels, 2023
                                                          • Figure 37: Furniture purchase channels, 2023
                                                        • Offline channels attract high income earners
                                                          • Figure 38: Furniture information and purchase channels – offline, by monthly personal income, 2023
                                                      • Attractive Features of Furniture

                                                        • Functionality over design in furniture consumption
                                                          • Figure 39: Attractive features of furniture, 2023
                                                        • Younger generations prefer furniture with distinctive styles and flexible combinations
                                                          • Figure 40: Attractive features of furniture, by generation, 2023
                                                        • High income earners prefer furniture that combines functionality and style
                                                          • Figure 41: Attractive features of furniture, by monthly household income, 2023
                                                      • Aspects to Trigger Interest in a Furniture Brand

                                                        • Service is the key for furniture brands to engage consumers
                                                            • Figure 42: Aspects to trigger interest in a furniture brand, 2023
                                                            • Figure 43: TURF Analysis on aspects that trigger consumers’ interests in a furniture brand, 2023
                                                          • Consumers with higher household income tend to be interested in furniture brands with novelty and good brand image
                                                            • Figure 44: Aspects to trigger interests in a furniture brand, by monthly household income, 2023
                                                        • Attitudes towards Furniture Retailing

                                                          • Product still the key to furniture
                                                            • Figure 45: Attitudes towards furniture purchasing, 2023
                                                          • Improve online experience to trigger more high-value purchases
                                                            • Figure 46: Attitudes towards furniture purchasing, 2023
                                                          • Use recycling services to encourage sustainable furniture consumption
                                                            • Figure 47: Attitudes towards furniture purchasing, 2023
                                                        • Appendix – Methodology and Abbreviations

                                                          • Methodology
                                                            • Abbreviations

                                                            Why Choose Mintel?

                                                            Mintel is the world’s leading market intelligence agency. We show you how consumers think today and tomorrow. As a trusted partner to industry leaders, we deliver game-changing insights to businesses across the globe, fuelling their marketing and innovation strategies that will shape the future.

                                                            Access high-quality market research with every purchase of Mintel’s consumer reports. Here’s what else is included in your report purchase:

                                                            • Multiple Report Formats: Mintel’s reports are available in PDF and PPT formats, and are delivered straight to your inbox, so you can easily share Mintel’s market intelligence.
                                                            • Access to Mintel’s Clients Portal: After your purchase is completed, you’ll receive an invitation to join Mintel’s Clients Portal, providing instant access to supplementary insights from Mintel’s industry experts.
                                                            • Interactive Databook: Mintel’s bespoke consumer data is presented as an interactive website, so you can deep dive into your chosen topic, explore demographics and download specific statistics.
                                                            • Custom Presentation Tool: Easily incorporate selected research data and analysis into a tailor-made presentation to win over clients and stakeholders.

                                                            Below is a generic PDF sample report. Understand what you are buying.

                                                            Please Note: All of the figures, graphs, and tables in this sample report have been redacted.
                                                            $ 4,995 (Excl.Tax)
                                                            • Download today with instant access
                                                            • Multiple formats provided
                                                            • Interactive databook included
                                                            • Save 10% on all orders with the code INSIGHTS2026
                                                            Add to cart

                                                            Next Starts Here

                                                            Whatever your business needs, we have the solution. From market intelligence reports to customised growth strategies.

                                                            Learn more

                                                            Trusted by global industry leaders

                                                            Wincanton logo

                                                            When I’m investigating specific sectors I tend to use Mintel reports for their forecasting, which I’ve always found to be very accurate.

                                                            They also offer really broad and deep coverage in their reports. They are very, very detailed. For example, we were able to gain insight across a wide range of business areas from just one report, proving that Mintel is excellent value for money.

                                                            So overall, it’s the level of detail and the quality of forecasting that really stand out for me.

                                                            Rebecca Green, Market Insight Manager, Wincanton
                                                            Abacus logo

                                                            There is no question that Mintel is the go-to resource for the best quality market research, but I did not think it was an affordable option for Abacus Marketing to consider. As a small marketing agency, we only work with a few new clients each year.

                                                            However, we have a very high-end consultative approach to our work, so we really do need a partner like Mintel to provide the big agency experience we are always aiming to deliver. Our clients come from an incredibly diverse range of industry sectors, so we obviously need access to market research reports from a very wide spectrum of marketplaces – and that is precisely what we got.

                                                            Stephen Taylor-Brown, Managing Director, Abacus
                                                            Waitrose & Partners logo

                                                            We’ve found it so useful working more closely with Mintel. They helped support our recent flagship event for our top suppliers by providing a really unique viewpoint on the future of online retailing.

                                                            Nick Carroll from their Retail Team was also an excellent panelist, sharing useful and actionable consumer insights. We definitely look forward to working with Mintel again on future projects.

                                                            Zac Steele, E-Commerce Trading Development Manager, Waitrose & Partners
                                                            VocaLink logo

                                                            We use Mintel Reports, mostly for financial services and ecommerce markets, plus a few retail and technology ones.

                                                            As a leading payments provider, we value additional insights into consumer behaviour, opinions and trends that are shaping the many different markets we operate in. Mintel is a very good and very quick way for us to obtain those insights.

                                                            We use Mintel to get a view on where a particular market is going, which can support us in product development and help us identify opportunities or indeed risks, it is a very useful barometer of a market’s potential.

                                                             

                                                            Andrew Neeson, Market Intelligence Manager, VocaLink
                                                            Tenth Wave logo

                                                            Mintel helps us when we want to know something quickly – it provides fast answers to our questions. If we need to get a view of what’s going on in a particular market it’s very useful.

                                                            When carrying out background research, I find Mintel an excellent starting point.

                                                            The fact that it covers so many markets is a big plus for me– instead of having to buy specialist products in each area we are interested in, especially when we only require a brief view on a particular market, we can go to Mintel for help as a one-stop shop. I find Mintel a useful and valuable resource.

                                                            Ben Zeidler, Director - Research and Analytics, Tenth Wave

                                                            Next Starts Here

                                                            Whatever your business needs, we have the solution. From market intelligence reports to customised growth strategies.

                                                            Learn more