Three development trends of global furniture industry

- Aug 03, 2020-

With the recovery of the global economy and the continuous improvement of people's living standards, more and more people begin to pay attention to furniture. Throughout the past 10 years, China's furniture industry has experienced a period of rapid development. During this period, the development of furniture industry was mainly based on the expansion of quantity. A complete industrial system with complete categories and international standards was initially established. Furniture products have met the needs of people's life and the needs of international market.


In the next 5 to 10 years, under the background of international furniture industry transfer, China's furniture industry will enter the second high-speed development period. It is inevitable that the introduction of modern production line will increase the scale of production and reduce the cost of production. In the new stage of industrial development, the competition and upgrading of furniture industry will become inevitable.


Facing the fierce competition, what kind of sustainable development path should Chinese furniture enterprises take? This is a strategic issue of great concern to our industry. Mr. Huang, head of meilele furniture network, which focuses on online furniture shopping, analyzes that China's furniture industry will inevitably experience large-scale and large-scale industry integration in the next five to ten years. A large number of small and medium-sized enterprises will be eliminated, and a few excellent enterprises will stand out in the industry relying on brand, quality, service and scale. In the future, China's furniture industry will move towards refinement, scale and quality There are three directions of development.


Refinement:


Furniture industry is a traditional manufacturing industry with low technical requirements. Up to now, folk carpenters still play a leading role in furniture manufacturing in economically backward areas. Many furniture enterprises originated from this workshop style furniture manufacturing industry, and then gradually expanded their scale and added mechanical equipment. It is because of this way, some furniture enterprises in the management is very extensive. Extensive management mode leads to poor pertinence, operability and executive power, unreasonable and clear organizational structure and functional orientation, more management levels and low management efficiency.


The competition of furniture enterprises is reflected in the competition of details, and the details show the kung fu. Details affect quality, details reflect grade, details show differences, details determine success or failure. The value of detail lies in creativity and uniqueness. In modern society, people are pursuing higher and higher. Furniture market pays attention to fine management. Details can often reflect the professional level of enterprises, highlight the internal quality of enterprises and improve the quality of products.


Large scale:


Looking at China's furniture industry, we find that regional agglomeration is increasingly obvious. At the same time, we also find that China's furniture industry is still dominated by small and medium-sized enterprises. The industry concentration is very low, and no enterprise has a market share of more than 1%. Large furniture enterprises are few in China. It's a double-edged sword. With industry advantages, furniture enterprises take advantage of this good development opportunity to set sail and march forward. However, those small enterprises with poor management and weak competition will face the doom of elimination.


In recent years, the construction of some furniture factories and industrial parks has been accelerated. With the progress of production technology and the introduction of advanced production equipment, the large-scale production of furniture industry has become inevitable. With the increase of labor cost and the lack of technicians in furniture industry, the profit space left by small and medium-sized enterprises will become smaller and smaller, and a large number of small and medium-sized enterprises will gradually fade out of the market.


Branding:


Consumer furniture consumption concept is changing from quantity consumption to quality consumption, and the brand era of furniture consumption is coming. People's demand for furniture is not only the need of function, but also the need of beautiful decoration and personality.