Get ready for China’s US$15 Mn custom furniture market

China’s custom-made furniture market segment has been growing in recent years accounting for about 20 per cent of the total domestic furniture market value. In 2016 the market for custom-made furniture was worth RMB70 Bn. It is forecast that this will climb to RMB90 Bn in 2017. Growth in this market segment will be around four per cent annually over the next few years, rising to RMB 100 Bn by 2020.

Cabinets and wardrobes currently dominate the demand for custom-made furniture. Market penetration of this type of furniture is 60 per cent for cabinets and 30 per cent for wardrobes.

 

Source: ITTO. Images: CIFF