Furniture Industry Market Analysis

GUANGZHOU, China - Nov. 27, 2024 - PRLog -- Overview and Classification of the Furniture Industry

1. Overview of Furniture

In a broad sense, furniture refers to the various items essential for human life, work, and social activities. This category encompasses a wide range of environmental products, urban facilities, and public goods. In daily life, work, and social settings, furniture serves as equipment for sitting, reclining, supporting, and storing items. Furniture acts as an intermediary between buildings and people, bridging indoor spaces with the human body through its form and scale. It extends the functionality of buildings, enhancing or even defining the specific uses of indoor spaces. Additionally, furniture is a key element of interior decoration, contributing to the overall aesthetic and creating a unified ambiance within a space.

The furniture industry includes three main sectors: furniture manufacturing, home decor (including durable goods and consumer products), and light building materials. The demand for light building materials is closely tied to new home sales and tends to be more cyclical than demand for furniture and home decor.

The furniture industry value chain consists of three main segments:

Upstream: raw materials such as wood, leather, metal, plastic, glass, and sponge.

Midstream: furniture manufacturing, including production of wooden, metal, and soft furniture.

Downstream: furniture sales, through channels such as supermarkets, department stores, furniture malls, online retail, and specialized furniture stores.

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