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Furniture Stores in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Furniture Stores Market Research Report | Mar 2014

Furnishing touches: Strong housing sales boosts demand for furniture products

IBISWorld’s Furniture Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 09-14
22.2%
Annual Growth 14-19
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Profit
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Employment
86,410
Businesses
5,807
Industry Analysis & Industry Trends

The Furniture Store industry in China accounts for about 34.0% of total revenue from China's furniture sector. The remaining sales are generated by other industries, such as furniture wholesalers, department stores and direct sales from furniture manufacturing industries. In the five years through 2014, the Furniture Store industry has been growing at an annualized rate of 22.2% to $20.2 billion.

Industry demand is driven by growth in China's housing market and the rapidly developing economy. In 2011, the Chinese government began the construction of 10 million units of non-commercial residential housing (i.e. indemnificatory houses) to further improve the living standards of medium- and low-income families and promote the healthy development of the real estate market.... purchase to read more

Industry Report - Industry Investment Chapter

For every dollar spent on wages (including management and administration expenses) about 20 cents are invested in capital, indicating that the capital intensity of the Furniture Store industry is low.

Although the initial investment to establish large-scale furniture stores is high, the depreciation cost from equipment usage, such as lifting equipment and computers, is low. For the low-end retailers that make up large part of the industry, the capital intensity level is even lower. In some furniture warehouse retail outlets, the warehouse operators pay some depreciation expenses.

Compared to depreciation costs, industry wages are relatively large... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Furniture Stores Industry?

The Furniture Store industry is part of China's retail trade sector. Furniture stores retail a broad range of furniture goods for dining rooms, bedrooms, kitchens, home offices, and other indoor and outdoor areas. These furniture goods are purchased from domestic and international manufacturers and wholesalers.

Industry Products
Wood furnitureMetal furnitureBamboo, cane and plastic furnitureOther furniture
 
Industry Activities
Specialized retailing of common household furnitureSpecialized retailing of compound kitchen furnitureSpecialized retailing of office furnitureSpecialized retailing of other furniture


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