With the rapid development of China’s economy, the office chair industry has achieved remarkable results. As an indispensable part of the modern office environment, the market size of office chairs has been growing with the transformation of work methods and people’s pursuit of comfortable office environments. This article will explore the market status, leading companies, development trends, and opportunities in China’s office chair industry, providing valuable insights for industry professionals.
I. Industry Overview
- Definition and Classification of Office Chairs
Office chairs refer to various chairs equipped for work convenience in daily work and social activities. According to different criteria such as usage scenarios, functions, materials, etc., office chairs can be classified into the following categories:
- Managerial chairs, mid-level chairs, guest chairs, staff chairs, conference chairs, visitor chairs, training chairs, etc.;
- Plastic chairs, metal chairs, wooden chairs, leather chairs, etc. based on materials;
- Fixed chairs, adjustable chairs, ergonomic chairs, etc. based on usage types.
- Office Chair Industry Chain
The office chair industry chain mainly includes upstream raw material supply, midstream production and manufacturing, and downstream sales and services. Upstream raw materials mainly include hardware, sponge, wood, iron frames, leather, plastics, etc.; midstream production and manufacturing involve office chair design, production, assembly, etc.; downstream sales and services include product sales, after-sales services, etc.
II. Industry Status
- Market Size
In recent years, the market size of China’s office chair industry has been expanding continuously. According to Statista data and CSIL’s China office furniture market structure, the revenue scale of China’s office chair industry accounts for about 31% of the entire office furniture market. In 2020, the market size of China’s office chair industry was about 26.5 billion RMB, and it is expected to maintain growth from 2021 to 2026, reaching 37.6 billion RMB by 2026.
- Export Status
In 2020, China’s office chair export value accounted for 65.76% of the global office chair export total, ranking first. In 2020, China’s office chair industry exported a total of 83.3988 million units, with an export value of about 4.014 billion USD. The main export markets include developed countries and regions such as the United States, Europe, and Japan.
- Regional Competition Pattern
Office chair-related companies in China are mainly distributed in the Pearl River Delta, Beijing-Tianjin-Hebei region, and the Yangtze River Delta led by Zhejiang Province. Among them, Anji County in Zhejiang Province is known as the “Chair Hometown” of China, where a large number of office chair manufacturers are gathered, and the market competition is fierce.
III. Leading Companies in the Industry
- Yongyi Stock（603600）
Founded in 1986, Yongyi is an office chair manufacturer that integrates R&D, production, and sales. The company’s main products include office chairs, sofas, tables, and other office furniture. Yongyi has a high reputation and competitiveness in both domestic and foreign markets, with products sold in many countries and regions worldwide. In 2020, Yongyi achieved operating revenue of about 6.5 billion RMB.
- Henglin Stock（603661）
Established in 1991, Henglin is a professional office chair R&D, production, and sales company. The company’s products cover office chairs, sofas, tables, and other office furniture. Henglin has a high market share in both domestic and foreign markets, with products sold in many countries and regions worldwide. In 2020, Henglin achieved operating revenue of about 4 billion RMB.
IV. Industry Development Trends
- Product Innovation and Optimization
With the continuous improvement of consumer demand for office chairs, enterprises will pay more attention to product innovation, design, and quality to meet market demands. In the future, office chairs will focus more on ergonomic design, providing a more comfortable and healthy office environment. In addition, trends such as intelligence and environmental protection will also influence the development of the office chair industry.
- Industry Integration
At present, the concentration of China’s office chair industry is relatively low, with a large number of enterprises and intense competition. In the future, industry integration will be an inevitable trend. Leading enterprises will increase their market share and competitiveness through mergers and acquisitions. At the same time, small and medium-sized enterprises will also seek differentiated development to meet the diversified needs of the market.
V. Industry Opportunities
- Sustained Growth in Market Demand
With the rapid development of China’s economy and the continuous improvement of urbanization rate, the demand for office buildings and commercial housing in cities is constantly increasing, which has played a huge driving role in the development of China’s office chair market. In addition, as office environments improve and health awareness increases, multifunctional, adjustable, and extendable healthy office chairs are gradually receiving more attention, and the demand for high-end seating products is gradually increasing.
- Policy Support
The Chinese government is continuously increasing its support for the furniture industry, introducing a series of policies and measures, such as raising industry access thresholds, encouraging enterprise innovation, and supporting the development of green furniture. These policies will benefit the healthy development of the office chair industry.
- International Market Opportunities
China’s office chairs have high competitiveness in the global market. With the deepening of economic globalization, Chinese office chair enterprises will have more opportunities to participate in international competition and expand overseas markets.
At Last
China’s office chair industry will maintain steady growth in the coming years. Enterprises should seize market opportunities, increase innovation efforts, and improve product quality and service levels to meet the increasing demands of consumers for comfortable office environments. At the same time, the government and industry associations should strengthen guidance and support for the industry, promoting the sustainable development of the office chair industry.
