The consumption of birch furniture and consumption basis has only changed, and there are still many positive factors. One is that you will find more and more wealthy people. The decline in the working population will inevitably push companies to raise wages; in a consumer society, people's wealth grows faster. If China follows the development path of developed countries, with a population of China's size, it is very likely to rapidly rise from a moderately rich country to a rich country in a relatively short period of time (about ten years).

Bedroom furniture

In this process, mid-to-high-end bedroom furniture manufacturers in bedroom furniture manufacturers in china will gain the most.

This can explain why furniture companies have been under increasing pressure to survive in recent years, but the number of companies above the designated size is increasing. According to research data from the China Business Industry Research Institute on the furniture industry from 2012 to 2018, in recent years, the number of furniture companies has increased by about 200 year by year, of which 439 in 2017, bringing the total to 6,000. Even in the first half of this year, there were still an increase of 217.

Investors have just seen the increase in wealth, the furniture industry has a lot to do, and they will not hesitate to plan for the future. Of course, they also suffered heavy losses on the way of trial and error. About 15% of furniture companies are at a loss.

In a healthy society, the middle class is the largest.

In addition to our calculation of the decline in the labor force population and its trend, we should not forget the fact that China is the world's largest unified market. And if this unified big market becomes one of the rich countries in the world, its overall purchasing power will be unparalleled in the world.

The impact

The consumption power of Chinese people will continue to increase.

Mid-range consumption has always been the backbone of consumption. However, traditional furniture companies will find their competitors are too strong to match.

How big is the impact of the sharp decline in the labor force on the furniture industry?

At present, the most rapidly developing bedroom furniture manufacturers in china, with strong financial backing, market foundation, manufacturing strength, software strength, network resources, and mid-market competition The threshold has been greatly increased. If small and medium-sized furniture companies want to share cakes in such a market, they must produce their own masterpieces and high-quality services. Find your own living space in places that are difficult for large-scale enterprises to consider.

There will be some giants in the mid-market. However, due to the natural nature of the furniture industry, as long as small and medium-sized enterprises do not fight it head-on and find their own strengths, they still have a certain amount of room for survival. But its survival mode should be very different from now.