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Office Furniture Industry Development Trend
In 2008-2009, affected by the financial crisis, the office furniture market was also affected. The regional imbalance in the global office furniture market has directly led to a completely different development trend in the office furniture market in various regions. The main markets of office furniture such as Europe, the United States and Japan all experienced different degrees of decline. The market size of US office furniture fell by 29.7% compared with 2008, and Germany fell by 15.6%.
However, in developing countries, especially in countries with rapid economic development such as China, India, Russia and Brazil, the demand for office furniture that has been promoted by the development of economic development and consumption concepts still exists. Under the promotion of the expanding scale of the real estate market, office furniture Market demand continues to rise.
According to the survey, in 2017, the globaloffice furniture industry produced a total of about 50 billion US dollars, accounting for 12% of the global furniture industry output value. The Asia Pacific region is the main producer of office furniture worldwide, producing approximately 45% of the market; North America and Europe are the second and third largest producers respectively. At the same time, the industry is highly concentrated in 8 countries that export 80% of the world's office furniture, including China, the United States, and Germany as the world's top three production areas. In terms of regional distribution of office furniture market, developed countries such as Europe and the United States are still the world's largest regional market, but emerging markets such as China, India, and Russia have maintained steady growth in market size under the support of sustained economic growth and rapid development of the office market.
With the development of China's economic construction, many new-type companies have been established, and the demand for office furniture has grown rapidly. The demand for office furniture industry in China is increasing year by year. According to the budget, in 2017, the sales volume of office furniture industry in China is around 617.7 trillion yuan.
At present, China has become one of the largest producers and exporters of office furniture. Domestic office furniture enterprises have first-class production equipment, and the quality of products is stable and reliable, and cost-effective.