The current situation of the home furnishing market in 2022: difficult but promising future(1)

The first quarter of 2022 has passed, and time will not stop because the home building materials industry is facing "difficulties". We still need to keep moving forward and look forward.

The past few years when the epidemic has continued to repeat is undoubtedly a period of continuous pain in the home furnishing industry. The home improvement industry closed down, the capital chain broke and other phenomena and crises appeared frequently. The home building materials industry has witnessed too much uncertainty and experienced many market changes. This change will not stop, but will become more intense.

The home furnishing industry will face the following five major challenges this year:

1. The decrease in the number of new houses entering the market

2. Whether second-hand housing transactions will pick up this year is not yet known

3. Rising prices of raw materials and labor

4. Occasional outbreaks of the new crown epidemic

5. Insufficient consumption power of residents

2022 is definitely more uncertain than we imagined. Facing the unknown market, confusion and helplessness shroud everyone, but the overall marketing data that is fairly stable has confirmed to us again and again: the market has not disappeared, but the position has moved.