Forecast, home furniture in the Asia Pacific region to grow by 5%

WELCOME TO KHANG THANH PHAT FURNITURE COMPANY

Address: Group 15, Hamlet 5, Song Trau, Trang Bom, Dong Nai

Email: ctykhangthanhphat@gmail.com

Forecast, home furniture in the Asia Pacific region to grow by 5%
Date Submitted: 11 tháng trước

Forecast, home furniture in the Asia Pacific region to grow by 5%

The home furniture market in Asia Pacific is forecasted to grow at an average rate of 5% in the period from 2023 to 2028.

According to mordorintelligence.com, in 2023, the Asia-Pacific home furniture market is forecast to reach $180 billion and is expected to grow at an average rate of 5% in the period from 2023 to 2028.

Due to the outbreak of Covid-19, which has impacted the supply chain and restricted trade, affecting global consumption. The Covid-19 epidemic has greatly affected both the way furniture is produced and consumer trends.

Due to the savings in spending, consumers do not want to spend on non-essential things like home furniture. This leads to a decrease in demand for residential furniture. It is expected that the recovery trend will be stable in the coming years.

After the Covid-19 pandemic, housing projects recovered slowly but surely and customers were willing to spend money on home furniture products.

Rapid urbanization and strong housing market growth are the factors driving the high demand for furniture, in which furniture products such as chairs, tables, sofas, beds, table trays and other furniture Other furniture for home are popular with both individual and business customers. The rise of single-family and small-family homes in Asia-Pacific is one of the factors driving the thriving housing market and growing demand for furniture.

Demand for home improvement could be fueled by strong macroeconomic prospects in emerging Asia. As people's disposable incomes increase and lifestyles change, consumers will invest heavily in housing. Product innovation, segmentation and digital usage strategies are the factors driving the growth of home furniture.

Gỗ Việt.

0
Zalo
Hotline