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 Products Chapter
Wood furniture accounts for the largest proportion of Furniture Store industry revenue in 2014, at 55.1%. Chinese households prefer wooden furniture due to cultural traditions. Red wood (i.e. mahogany) and black wood furniture are especially popular in China as these are regarded as symbols of wealth and honor. However, there are now few forests that yield these types of wood. Other wood furniture is also considered to be healthy and natural.
Metal furniture is expected to account for 27.5% of industry revenue in 2014. Most metal furniture is designed for office use, due to its durability and cost effectiveness. Other metal furniture is designed for households, especially for kitchen and dining use... purchase to read more