Want to get a sense of just how big the world of office furniture is in China? Here’s 1.5 hours of walking the largest office furniture show on earth, compressed into 110 seconds.
If you think these Asian manufacturers are content with serving their own domestic markets, think again. Sunon founder Liangzheng Ni said his company is ready to go public and will use the proceeds to acquire office furniture makers both domestically and in North America and Europe. Sunon said his five-year plan is to grow sales to $1.5 billion. In 2019, sales at Sunon are expected to grow by 50 percent “at a minimum,” according to Ni. Sales in 2018 were up 22 percent, even though he said the company lost 1 percent to 2 percent of sales because of the U.S. tariffs. Sunon has an office in Miami and plans to increase staff in the U.S.