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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 2015

Furnishing touches: Strong housing sales boosts demand for furniture products

The Furniture Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 10-15
18.1%
Annual Growth 15-20
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Profit
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Employment
87,533
Businesses
5,833
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 wholesaling, department stores and direct sales from furniture manufacturing. Over the five years to 2015, the Furniture Store industry has been growing at an annualized rate of 18.1% to $21.8 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 10.0 million units of noncommercial 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 71 cents are invested in capital, indicating that the capital intensity of the Furniture Store industry is low.

The initial investment to establish large-scale furniture stores is high. However, the depreciation cost from equipment usage, such as lifting equipment and computers, is relatively lower. In many large furniture warehouse retail outlets, the warehouse operators pay large amount of depreciation expenses.

Compared to depreciation costs, industry wages are relatively large. Staff is needed to arrange storage and displays, clean the displayed products, provide information to customers, and provide extra services. However, the overall labor cost in China is low... 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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