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China Luxury Furniture Market Trends

  • Report ID: GMI11734
  • Published Date: Oct 2024
  • Report Format: PDF

China Luxury Furniture Market Trends

The trend towards customization is gaining momentum, with consumers seeking unique pieces tailored to their specific tastes and needs. Luxury furniture brands are offering bespoke services, allowing customers to choose materials, colors, and designs that reflect their personal style. There is a growing interest in hybrid designs that combine traditional craftsmanship with modern aesthetics. This trend allows consumers to appreciate heritage while enjoying contemporary functionality, resulting in unique and versatile pieces that suit diverse interiors. The integration of technology into furniture design is becoming more common, with smart furniture offering features like wireless charging, built-in speakers, and adjustable settings. As smart homes become more prevalent, consumers are looking for furniture that enhances their living spaces through technological innovations.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market was valued at USD 2.3 billion in 2023 and is estimated to grow at a CAGR of 4.8% from 2024 to 2032, driven by the substantial increase in disposable income among the middle and upper classes.

Chairs held a dominant market share of USD 0.5 billion in 2023 and are expected to reach USD 0.9 billion by 2032. 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.

Key players in the industry include Aldente, Dunelm, Fuan, Holly, Krest, KUKA, Liu Yi, and Man Wah.

China Luxury Furniture Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 428
  • Countries covered: 1
  • Pages: 64
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