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China Luxury Furniture Market Analysis
- Report ID: GMI11734
- Published Date: Oct 2024
- Report Format: PDF
China Luxury Furniture Market Analysis
Based on type, the market is divided into tables, chairs, sofas & lounges, kitchen, lighting, interior accessories, beds and others. In 2023, chairs held the dominant market of USD 0.5 billion and is expected to reach USD 0.9 billion by 2032. As more people work from home, there is heightened demand for ergonomic chairs that combine comfort with luxury, suitable for both home offices and living spaces. The rise of minimalist and modern interior styles has led to a demand for stylish chairs that complement various design themes, encouraging innovation in materials and forms.
Based on distribution channel, China luxury furniture market is segmented into online and offline. In 2023, the offline held the dominant market share of 80% and is anticipated to grow through the years. Consumers value the opportunity to physically experience luxury furniture before purchasing. Showrooms provide tactile experiences that are crucial for high-end items, where quality and comfort are paramount. Established luxury brands with a strong offline presence create a sense of trust and authenticity. Physical stores allow consumers to engage directly with brand representatives, enhancing the shopping experience.
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China Luxury Furniture Market Scope
