The 13th Five-Year Development Plan for China's furniture manufacturing industry has set various development goals for China's furniture industry in 2020, which promotes the continuous development of China's furniture industry; the gradual growth of commercial housing sales area has boosted the demand of the furniture industry and thus promoted the expansion of the industrial scale. In 2018, the furniture industry underwent a short-term adjustment, its product structure was continuously upgraded, the market size of customized furniture grew against the trend, and the main consumer groups were also concentrated among high-income groups in first-tier cities. China's per capita furniture expenditure level still lags behind that of developed countries to a certain extent. In the future, furniture products will develop towards high-end, customized and other directions, with sound development prospects.
National policies promote industrial development, and downstream demand expands the industry scale
The furniture industry is an important livelihood industry and an industry with remarkable international competitiveness in China's national economy. It plays an important role in meeting consumer demand, improving living quality, promoting international trade, fully absorbing employment, driving regional economic development and building a harmonious society.
To implement the spirit of the Outline of the 13th Five-Year Plan for National Economic and Social Development and Made in China 2025, guide the stable development of China's furniture manufacturing industry in the next five years, and continue to promote China's progress from a "major furniture country" to a "powerful furniture country". China Furniture Association formulated the 13th Five-Year Development Plan for China's Furniture Manufacturing Industry based on the actual situation of the industry, with the planning period covering 2016 to 2020. The 13th Five-Year Plan has made specific plans for indicators such as the main business income, retail sales of goods, corporate profitability and export value of the furniture industry, so as to promote the continuous development of China's furniture industry.