Market size growth: The market size of hotel furniture has approached or exceeded 100 billion yuan, and the market demand is still on the rise.

Global hotel furniture market sales reached 4.52 billion US dollars in 2023, and are expected to continue to grow at a compound annual growth rate of 3.7% in the next few years, and are expected to reach 5.809 billion US dollars by 2030.

Strong market demand: With the recovery of the global tourism industry and the rapid development of the hotel industry, the hotel furniture market has shown a good development trend. As one of the world’s most important hotel furniture consumer markets, China’s market growth rate is higher than the global average.

Improved quality and design requirements: Consumers’ quality requirements for hotel furniture are gradually increasing. They are no longer satisfied with the traditional old model, but pursue diversified, personalized and high-quality products. In particular, high-end hotels have higher and higher requirements for the quality and design of furniture, which has promoted the development of the hotel furniture industry.

Green environmental protection and sustainable development: With the popularization of green environmental protection and sustainable development concepts, more and more hotels have begun to pay attention to environmental protection and sustainable development, which also provides new development opportunities for the hotel furniture industry.

Increased demand for customized services: Consumers’ personalized demand for hotel furniture continues to increase, and more and more hotels are beginning to focus on customized furniture services to meet the diverse needs of customers.

Fierce market competition: The hotel furniture industry is highly competitive, and well-known domestic and foreign brands and manufacturers are pouring into the market. These brands compete for market share by providing high-quality products, innovative design concepts and a complete service system.

Technology and material innovation: The hotel furniture industry is also constantly innovating in technology and materials to adapt to market changes and development trends.

In summary, the hotel furniture market demand in 2024 is strong, the market size continues to grow, and the demand for quality, design, environmental protection and customized services is increasing. The market competition is fierce, and technological innovation and material innovation have become key factors in the development of the industry.