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The industry’s split is most evident in financial performance across enterprises. Leading upholstered furniture maker Kuka Home reported 8.77% revenue growth and 13.24% net profit increase in the same period, while healthcare-focused Mengbaihe saw a staggering 205.18% surge in net profit. In contrast, custom furniture giant Oppein Home saw revenue decline 4.79%, and smaller players like Pi’ano suffered a 37.27% revenue drop amid squeezed margins. “This divergence reflects a market transitioning...
Furniture Industry Enters Era of Quality Growth Driven by Global Demand Rebound and Innovation
Global Market Scale Surges, Mature and Emerging Markets Diverge The global furniture retail market is experiencing steady expansion, with projections indicating it will reach $798 billion by 2025, representing a nearly 40% increase from 2023 . Mature markets remain the backbone of global consumption: North America accounts for 31% of the global market share, driven by high price points—outdoor furniture, for instance, commands 2-3 times the average price of ordinary categories—and favorable...
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