As of 2023, the turnover for China's retail markets in furniture, hardware, and decoration materials is expected to be slightly below 2.06 hundred billion Yuan Renminbi. Forecasted growth from 2024 to 2028 shows a gradual yet steady increase, averaging 0.48% annually. This minimal rise reflects a stable market, focusing on slow but positive growth driven by continuous urbanization and rising consumer demand for home improvement products.
Future trends to watch include:
- Growth in e-commerce platforms boosting retail sales.
- Increasing demand for eco-friendly products.
- Shifts in consumer preferences towards smart home integrations.
- Economic policies and housing market developments impacting consumer spending.
