Himfr Predicts Future of China's Furniture Industry

Jun 12, 2010, 10:00 ET from Himfr.com

BEIJING, June 12 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, predicts the future of China's furniture industry.

Himfr predicts that China's furniture industry in the next five or ten years will inevitably experience a wide range, large-scale industry consolidation; a large number of small and medium enterprises will be eliminated; and a small number of excellent companies will rely on brand, quality, service and size to stand out in the industry. In the future, the Chinese furniture industry will move toward refinement, scale and brand for development.

As living standards improve, people pay more attention to furniture. Throughout the past 10 years, the Chinese furniture industry has experienced rapid development. During this period, the furniture industry development was mainly dominated by volume expansion with the international standards, and now furniture products have reached point of successfully satisfying people's needs and international markets.

In the next 5 to 10 years, the Chinese furniture industry will enter a second period of rapid development. Modern technological advances promote the growing scale of furniture production, costs and prices, dramatically and negatively affecting the existing competition; automated production lines will increase the fixed assets, which is bound to reduce labor costs and increase productivity, and large-scale production and standardization of production will become possible. In the new stage of industrial development, competitors in the furniture industry will need to upgrade.

China's furniture industry is still based on small and medium enterprises as the mainstay producers. The industry concentration is very low, there is not yet an industry player that holds more than 1% of the market share. While there are still few large-scale furniture enterprises in China, those with poor management will be phased out of the market.

As economic development and quality of life improve, consumers will make furniture decisions based on health, environmental protection, and brand.

(http://www.himfr.com/list-product-Furniture_Furnishings-14000000-1.html )

About Himfr.com

Himfr.com is a promising e-commerce company and a leading vertical search engine company in China. Himfr.com offers a variety of high quality products such as cordless blinds (http://www.himfr.com/buy-cordless_blinds/ ), HP cartridges for Q2612A (http://www.himfr.com/buy-hp_cartridge_q2612a/ ), PC2700 laptop memory (http://www.himfr.com/buy-pc2700_laptop_memory/ ) and many more.

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