2022 is the year for the furniture industry.

Many businesses have disappeared and most of those that remain are not living comfortably.

Looking back on 2022, I have the following impressions on the furniture industry:

1 Finished furniture collective transformation and customization

Finished furniture has always been resistant to customization, but by the spring of 2022, almost all finished furniture enterprises have completed the transformation to customization thinking.It has become the consensus of finished furniture enterprises to take advantage of their own advantages and participate in the competition of customized market.Not only that, finished furniture enterprises have come up with a plan, in the market trial and error, in order to find their own market strategy.

Meanwhile, risky attempts by customised listed companies to grow on engineering orders hit a wall in the second half. In the second half of the year, evergrande repeated default warnings until the rumours were confirmed. Many large furniture enterprises to purchase the shares of the joint venture with Evergrande to offset furniture funds; Small and medium-sized furniture enterprises and real estate cooperation, proved difficult to go through.

 2 Queuing up for listing has become a scene

This year, furniture companies are lining up to appear on the market.Mousi, CBD, Kefan, Youwu and Weifa are all lining up for listing. Ingenuity home to achieve the listing; The company has been approved but is still not listed.Going public is the buzzword in the furniture industry in 2021. However, there were many problems in the stage of listing audit, and the financial data of some enterprises were exposed, which aroused the attention of the public media.Some companies have been reported as suspected of tax evasion. Others did not see the expected surge in their shares after going public.

Furniture company appears on the market is good is bad, want to see specific enterprise how to make good use of appear on the market advantageous condition.

This year, furniture companies withdrew because of financial fraud, which also sounded an alarm bell for the compliance of furniture enterprises.

3 Rock slab is still the excitement

Rock slab is an emerging furniture material in recent years, and its application in furniture has aroused high attention of consumers.

Rock slab to a large extent to pull the finished furniture consumption. At the same time, because the rock plate can usually be used in a larger space, it is suitable for home customization, suitable for creating a sense of art of the overall space, and is also a sales tool for custom furniture enterprises.

Rock panel furniture is still popular in the market this year. The craze is likely to continue into next year.

4 Light luxury or modern? Maybe both

In furniture mainstream style, this year with light luxury and contemporary wind most obvious.

Light luxury is a lasting style, and the love of furniture consumers for light luxury furniture still does not fade this year. What has changed is that this year’s popular light luxury style is more low-key, less publicity in the past. Some businesses are more willing to call this light luxury luxury.

Modern wind has been one of the mainstream styles of furniture industry. This year’s popular modernization is more simple, more lively, more grand.

Modern wind often with integral household style be an organic whole, be an organic whole with bespoke.

Whether finished furniture, or custom furniture, style dominated sales, is still the mainstream phenomenon. There are obvious style traces in finished product furniture and bespoke furniture not only actually, on sofa, bed, the trace of style is very obvious also.

5 The New Chinese style developed strongly

New Chinese style style is another strong furniture agitation.

In 2022, China has clearly outstripped the rest of the world in the fight against the virus, sparking a wave of patriotism among young people. In the field of furniture, this patriotic upsurge is reflected in the hot holding of new Chinese style furniture and the recognition of new Chinese style custom home space.

New Chinese style furniture uses more solid wood, it is environmental protection; At the same time, due to the high requirements for technology, furniture has a strong sense of value, which is easy to form large sales.

New Chinese style furniture falls in the general trend of market malaise, it is the strong support force to furniture industry.

In the future, with the continuous enhancement of national strength, the development of new Chinese furniture still has greater space.

6 Improved home standards

On October 1, two new national standards jointly issued by the State Administration for Market Regulation and the Standardization Administration came into effect.

The two standards are: GB/T 39600-2021 “Formaldehyde Emission Classification of Wood-based Panels and their products” and GB/T 39598-2021 “Guide to Indoor Load Limit of Wood-based Panels based on the limit formaldehyde content”.

These two standards are recommended standards, non – mandatory standards. These two standards are more stringent than the most stringent international environmental protection standards, is a qualitative leap in the national standards of furniture industry.

Although not mandatory, in a highly competitive market, some leading companies will be the first to use these more stringent standards to define furniture, leaving competitors behind.

This will have a strong product upgrade pressure on the overall market.The new standard not only classifies the commonly used boards of furniture, but also limits the number of boards that can be used in the interior space, which can be said to be a change in the overall ecological environment of the furniture industry.

 7 Metallic furniture is in quiet big development

The discovery after the industry report that produces big province to some furniture analyses, at present the output of metallic furniture is much bigger than ligneous furniture.

Due to the enhancement of consumer awareness of environmental protection, a lot of avant-garde consumers no longer have the traditional concept of wood or furniture, they are affected by western ideas and have a higher acceptance of metal furniture.

At present, metallic dining-room furniture, sitting room furniture, bed, chest, ambry emerge in great quantities, squeezed the market that a lot of belong to ligneous furniture originally.

Metal furniture has stronger environmental protection, is not easy to deformation, anti-corrosion moisture-proof ant, for the new generation of consumers have a strong attraction.

8 Furniture production pattern is adjusting greatly

In 2021, the pattern of furniture production has been further adjusted.

As a result of atmospheric management, the city of the first line such as Beijing, Shanghai has the place of shelter of furniture production company hard again. The high cost of the Pearl River Delta region has also had a crowding out effect on furniture manufacturers.

The migration of furniture manufacturers to relatively low-cost inland provinces is evident.

Some listed companies are close to consumers consciously, shorten the distance between production base and consumer, layout of new production lines in inland areas.

In short, inland provinces have more furniture manufacturers and more advanced furniture production lines, which also bring more employment opportunities for workers in inland provinces.

Because the production line is close to the labor market, it is also conducive to the full utilization of labor force.

 9 There are big profits in overseas markets

In the first half of 2021, due to the epidemic abroad, people spend more time at home and demand for furniture increases, which leads to the great development of China’s cross-border e-commerce, and some cross-border e-commerce furniture companies make great profits. There are furniture enterprises because of good performance and impact on the market.

But there are many uncontrollable factors in cross-border trade. Due to the irregular operation of some enterprises, overseas e-commerce platforms have imposed severe penalties on some enterprises, causing some traders to suffer heavy losses.

This year’s furniture overseas trade is relatively prosperous in the first half of the year, the pattern of slow down in the second half of the year. As a result of overseas supply chain tension, furniture foreign trade enterprises generally poor profits.

10 Under pressure, new business opportunities are emerging

This year’s furniture market, say integral downward and not too much.

As the epidemic has rebounded in all provinces, it has had a big negative impact on people’s consumer confidence and investment confidence.

At the same time, due to the large decline of the labor force population, also caused a substantial impact on the consumer market.

Below the influence of multiple negative factors, furniture industry whole is difficult.

But in such gloomy market background, some furniture enterprises also found their own space for development. Soft furniture is an important industry bright spot, which is related to people’s consumption upgrade. Recreational furniture, outdoor furniture also has good development.

Furniture industry is a hundred flowers bloom in the industry, new development opportunities can always be found by those who want to, and then in the industry to form waves, bring people hope.