Industry market size and development prospect forecast

Wed Aug 03 2022 Benny Kwan

Prospects
The various plans, programs and opinions put forward by relevant national departments have effectively promoted the healthy development of the smart furniture industry, improved the market service system, accelerated independent innovation and technological transformation, and further improved the competitiveness of the industry.
The improvement of residents' consumption level provides impetus for the development of the industry

With the development of the macro economy, the disposable income of Chinese residents has continued to grow. While the growth of disposable income has brought about an increase in purchasing power, the consumption structure and consumption concept of residents have also undergone certain changes. The factors affecting residents' consumption behavior have changed from simple price factors. Gradually develop to comprehensive factors such as brand, quality, reputation, service and shopping environment. Therefore, the purchasing power of Chinese residents continues to increase, which has laid a good foundation for the rapid development of the domestic smart furniture industry, and will drive the consumption upgrade of the smart furniture industry.

Technological progress provides technical support for the development of the smart furniture industry

The development of smart furniture is inseparable from the support of technology. Mechanical technology enables furniture to be functionalized, and product functionality and comfort are improved. Computer control technology and network technology enable furniture products to achieve physical interconnection and data exchange. With the continuous development of technologies such as the Internet of Things and artificial intelligence, future smart furniture will have more room for imagination in terms of human-machine in-depth interaction, health management and personalized life services.

Industry market size and development prospect forecast