Restaurant Furniture Market Trends: expected to climb to USD 102.9 billion by 2028

In recent years, the global restaurant furniture market has demonstrated steady growth.The market revenue has reached USD 82.41 billion in 2023 and is expected to climb to USD 102.9 billion by 2028, at a CAGR of 4.1%. This figure highlights the large volume and growth potential of the global restaurant furniture market.

Especially in China, with the booming catering industry and consumers' increasing demand for the quality of the dining environment, the demand for China's restaurant furniture market continues to grow steadily. At the same time, as an important base for global manufacturing, China also occupies a certain share in restaurant furniture exports.

Against the backdrop of home furnishing consumption increasingly becoming the second largest household expenditure, the home furnishing industry is experiencing a white-hot phase of high competition and survival of the fittest. The strategic deployment and market trends of head home furnishing enterprises are therefore in the spotlight. According to the "2024 White Paper on Home Furnishing Trends", the cultivation of new quality productivity in the home furnishing industry will strongly promote industrial innovation and stimulate the potential of home furnishing consumption.

Consumers in the choice of dining room furniture, not only concerned about its appearance and style, pay more attention to comfort and practicality. The comfort and stability of dining chairs, tabletop materials and easy-to-clean features have become the focus of consumer attention. The demand for restaurant furniture in different catering establishments is also diversified. Fast food restaurants may pay more attention to durability and ease of cleaning, while high-end restaurants pay more attention to design and quality.

The global restaurant furniture market is highly competitive, with many domestic and foreign companies flocking to the market to compete for share. In order to stand out in the market, companies need to continuously improve their technical strength, product quality and service level. Domestic head enterprises such as All Friends Home, Palm Home, and IKEA provide consumers with high-quality and innovative dining room furniture products by virtue of advanced production equipment, professional design team, and perfect sales network.

Regarding the market size, the global dining room furniture market volume reached RMB 5.283 billion in 2023 and is expected to reach RMB 7.218 billion by 2029, at a CAGR of 4.30%. The Chinese restaurant furniture market, on the other hand, also showed strong growth, reaching RMB 25.8 billion in 2023, a 4.87% increase year-on-year. China's market size is expected to reach RMB 37.7 billion by 2029, a year-on-year growth of 7.71%.

In the future, the restaurant furniture market will show the development trend of personalisation and customisation, environmental protection and sustainability, intelligence and technological innovation. At the same time, brand building and marketing strategy will become the key to business success. Enterprises need to focus on brand image shaping, enhance brand awareness and reputation, and attract and retain target customers through accurate market positioning and effective marketing strategies.

The restaurant furniture market has a broad market capacity and growth potential, personalisation, customisation, environmental protection, intelligence and other trends will lead the development of the industry. In the face of fierce market competition, companies need to continuously improve their strength to meet the diverse needs of consumers. In the future, with the continued prosperity of the catering industry and the improvement of consumer requirements for the quality of the dining environment, the restaurant furniture market is expected to continue to maintain a good development trend.