The furniture and furnishing market is a manufacturing sector in Hong Kong by using a long history. It provides the creation of household, office and kitchen furniture, and also mattresses, bedding and aspects of furniture. A vast assortment of raw materials are being used in production, including wood, rattan, plastic and metal. Amongst others, Furniture Hong Kong may be the major production and exports in the industry.
Hong Kong companies have strong design capability, while accommodating themselves to OEM orders from overseas buyers. Some specialise in the production of higher-end set furniture for hotels, offices and other property projects under tender-contracts.
Hong Kong’s furniture manufacturers have likewise started to develop their own brands. Furniture manufacturers also become a little more careful about the choice of raw materials in order to meet international standards, such as compliance with legal or some other environmental requirements within their target markets.
Green furniture is a significant product trend. As a result of the increasing awareness about environmental protection and a lot more stringent legal requirements worldwide, furniture manufacturers tend to be more cautious in selecting the materials for production. Some manufacturers are adopting a de-materialisation approach by designing furniture which uses less material. Furniture painting must also be eco friendly.
Hong Kong’s furniture manufacturers engage in producing a variety of products including household, office and kitchen furniture, and also mattresses, bedding and elements of furniture.
Many of the manufacturing activities in the table Hong Kong are now carried out in the Chinese mainland. Using the head office in Hong Kong, acting as being a controlling office principally accountable for high value-added services including management, finance, accounting and marketing, production plants happen to be put in place in the Chinese mainland to utilise the main benefit of lower operation cost.
Numerous types of raw materials are utilized in production, including wood, rattan, plastic and metal. And the like, wooden furniture is the key production and exports of the industry. It offers furniture in rosewood and black-wood, especially wooden tables, chairs and wardrobes. To many Hong Kong furniture manufacturers, Asian countries are definitely the major source of raw materials. For instance, solid wood is primarily sourced from Malaysia and Thailand, while Indonesia is definitely the major supplier of rattan.
On the retail side, chain stores and hypermarkets are the most popular sales channels in North America. In Japan, imported furnishings are mainly sold in specialty stores and also stores. In these mature markets, buyers increasingly source furniture straight from manufacturers, while some still purchase through agents and distributors. Specialised furniture districts or shopping centers are popular in the Chinese mainland both for retail and wholesale business.
Many Hong Kong manufacturers produce on an OEM/ODM basis for major foreign brands. As an example, JF Household Furnishings Ltd, a listed company in Hong Kong Stock Exchange, is 49dexrpky in the suppliers of IKEA. Many Hong Kong manufacturers have established their own personal stores in overseas markets, particularly in the mainland, as an example, Lamex, Four Seas Furniture and Dickson Furniture have put in place subsidiaries, branch offices and sales outlets in main Chinese cities to facilitate domestic sales.
Low to medium-end goods are often available in hypermarkets. For standard products including garden chairs, folding chairs, shoes racks and mattresses, Hong Kong manufacturers mainly depend upon trading firms, foreign buying offices stationed in Hong Kong. They could also appoint sales agents to develop overseas markets.
Competition is keen inside the Lounge chairs hk. A lot of companies strive to reduce their price of production and increase efficiency. Some relocate their manufacturing operations with other areas with lower operation cost. Some foreign manufacturers are taking steps to strengthen their domestic production through product specialisation.