Hotel Furniture

- Jun 01, 2020-

With the continuous innovation and development of the furniture market, hotel furniture in its subdivided industries has entered the era of brand competition.

In 2012, the total output value of hotel supplies nationwide reached 1.6 trillion, accounting for more than 40% of the national total output value, ranking first in China.

Data from relevant departments show that the Chinese furniture market has grown from a market size of 10 billion in 1990 to a market size of 780 billion in 2010. In the course of 20 years of development, the furniture market has become the fifth largest industry in China. Its market capacity has exceeded that of the home appliance industry, with an average annual growth rate of 20% -30%. As one of the emerging teams, hotel furniture is also responding quickly to market demand.

In 2013, the report of the 18th National Congress of the Communist Party put forward the concept of building a "beautiful China", which showed that energy conservation, emission reduction and the development of a green economy will be the necessary guarantees for building a "beautiful China". A new round of government-led large-scale investment construction, especially New development opportunities such as accelerated urbanization infrastructure construction, continued improvement of the government office environment, renovation of schools with weak livelihood projects, centralized release of security room furniture procurement projects, and hotel furniture becoming a new market segment in the field of government procurement.

It is understood that the steady development of urbanization across the country, the continuous consumption of domestic demand, and the market share of the furniture industry and hotel supplies industry have also expanded. Statistics show that market demand is expected to reach 4 trillion by 2020.