Rapid Development of China's Cabinet Industry
According to the China Building Materials Industry Association statistics, China architectural decoration industry output value of the average annual rate is about 20% increments, the national home improvement industry output growth rate is over 30%. When the above two aspects get rapid growth, kitchen cabinets, as a vital part of home decoration on the market, its growth rate is even more amazing. Domestic kitchen cabinet industry almost climbed up double the rate since the late 90s of the last century. The mid-90s of last century, the annual market demand of domestic household kitchen cabinets is about 10,000 units. In 1999, the cabinet market demand has reached 80,000 units. In 2000, about 440,000 families purchase new homes, more than 12% of the kitchen cabinets, it is approximately 16 million units; and the demand is approaching 6.5 million sets in 2012, the European style Custom Kitchen Cabinets Los Angeles market demand is also rising. Its huge market potential has broad prospects, it is amazing.
Foreigners are Optimistic about China's Kitchen Cabinet industry
Experts predict that the kitchen furniture market in China will have the "blowout" phenomenon in the next three years to five years. In the next five years, China will have a capacity of 29 million sets of the integrated kitchen furniture market capacity. If calculates by an average of 5.8 million sets per year, at an average of 10,000 RMB each, the cabinets costs of 60% proportion, there are 350 billion RMB market space for the kitchen cabinet each year. The rapid development of the kitchen cabinet furniture industry, in turn affecting the closely related needs of a range of products such as wood, plywood, paint, appliances, and aluminum rebound. The cabinet furniture market in China has great potential, many large foreign companies have been optimistic about its prospects. Italy, Germany, Switzerland and other countries, there are many "giant" beaches in this area. In China, the many kitchen cabinets direct from manufacturer, such as OPPEIN Cabinet has already accumulated a competitive strength, which is an excellent opportunity to implementation the product comprehensive upgrade, to expand the market, and to compete with foreign counterparts.
Rapid Development Reasons of Chinese Cabinet Industry
The reason that Chinese kitchen cabinet industry has been developing rapidly, mainly because of the living standard of the people is rapidly increasing and the reform and opening up to open the eyes and ideas for people to home building and decoration. Nowadays, a considerable part of young consumers have been in the process of home decoration, the cabinet use features and added value as an integrated body to consider and design, and they think that is the improvement of the life quality. Market research data shows that among urban households in China, the integrated cabinet furniture has a rate of 6.8%, a figure far below the average of 35% of the European and American countries. It is gratifying, but about 29% of the urban households said they will buy the integrated kitchen cabinets in the next three to five years.
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