Forecast market trends in the overall cabinet industry for the next three years

The so-called “Entire Cabinet” refers to a kitchen cabinet combination formed by combining kitchen appliances such as cookers, cabinets, refrigerating, freezing, and washing, and features a combination of kitchen cabinets and consoles, kitchen appliances, and various functional components. , And in accordance with the consumer kitchen structure, area, and the individual needs of family members, through the overall configuration, overall design, overall construction, and ultimately the formation of complete sets of products; to achieve the overall coordination of the kitchen work every operating procedure, and create a good Family atmosphere, strong atmosphere of life. With the increase in the number of high-quality residential buildings and the improvement of people’s living standards, the overall cabinet has become an important part of the public’s promotion of quality of life. In the past, the overall kitchen awareness was not favored by most consumers. For a long time, the pricing mode of the cabinet industry was not standardized and the production process was not standardized. The backward product specifications and immature market environment caused many hidden troubles for the cabinet industry. But with the popularity of the overall kitchen concept.

The integration of the world economy has brought development opportunities to the Chinese economy. The furniture manufacturing and processing center is being transferred to China. The huge international furniture market has provided a new stage for the development of the furniture industry in China. The international market still has a lot of space. Since joining the WTO, China's furniture industry and kitchen furniture industry, the rapid development of production, a large number of corporate products into the international market. China's kitchen furniture is booming and its market prospects are very good. Higher profits from kitchen furniture have led to more and more investment in this industry. There are still many small businesses that do not have production capacity to compete for the market. Market competition is inevitable. In order to make the kitchen furniture industry develop healthily, the kitchen furniture professional committee must organize, develop and revise industry standards, establish rules and regulations, provide reasonable and equal competition, provide more and better products for the market, and do a good job in the construction of residential kitchens to satisfy the people. The need of life. It is not hard to imagine how the overall domestic cabinet market will be prosperous in the future.

Cupboard companies must establish their brand awareness in an invincible position in the competition, strengthen self-discipline in the industry, attach importance to the “original” design of cabinets and grasp the installation and after-sales service links of cabinets. Large-scale production and upgrading of production capacity still require large-scale manufacturing plants or production bases. For this reason, some brand cabinet companies started to write articles around the production base. From the perspective of the past few years, the overall cabinet is gradually becoming the sunrise industry in the domestic furniture industry, and the market capacity can not be underestimated. For businesses looking for investment opportunities, it is undoubtedly a highlight worth investing in. The overall outlook of the cabinet industry is very good. The survey shows that at present, of China’s approximately 100 million urban households, the overall cabinet furniture ownership rate is only 6.8%, which is far lower than the average level of 35% of European and American developed countries. At the same time, it shows that about 29% of urban households have stated that they will purchase and install the whole cabinet furniture within the next 3 to 5 years. In the next five years, the total demand for the kitchens in China will be about 29 million sets, or an average of 5.8 million sets per year. Considering that our living conditions are not yet adequate, the average kitchen area of ​​urban households is only 6.04 square meters. We only calculate RM10,000 per kitchen cabinet, cabinets account for 60% of the kitchen cabinets, and the next five years will be yearly. There will be 350 billion market. This is an amazing number. Currently, the cabinet market is facing good opportunities for development. However, because of the imperfect competition in the cabinet market and the impact of foreign brands on the Chinese market, cabinet companies are also facing major challenges. Cupboard companies must establish their brand awareness in an invincible position in the competition, strengthen self-discipline in the industry, attach importance to the “original” design of cabinets and grasp the installation and after-sales service links of cabinets. From the perspective of the past few years, the overall cabinet is gradually becoming the sunrise industry in the domestic furniture industry, and the market capacity can not be underestimated. For businesses looking for investment opportunities, it is undoubtedly a highlight worth investing in.

At present, the cabinet market is facing good opportunities for development. However, due to the incomplete competition in the cabinet market and the impact of foreign brands on the Chinese market, cabinet companies are also facing major challenges and opportunities.

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