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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 2016

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
$24bn
Annual Growth 11-16
15.2%
Annual Growth 16-21
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Profit
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Employment
88,409
Businesses
5,858
Industry Analysis & Industry Trends

The Furniture Store industry in China accounts for about one third 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 2016, the Furniture Store industry has been growing at an annualized rate of 15.2% to $24.0 billion.

Industry demand is driven by growth in China's housing market, the steady developing economy and furniture manufacturing and designing research and development. In 2011, the Chinese government began the construction of 10.0 million units of noncommercial residential housing (i.e.... purchase to read more

Industry Report - Industry Analysis Chapter

Over the five years to 2016, the Furniture Store industry in China has been growing at a rapid annualized rate of 15.2% to reach $24.0 billion. Economic and population growth have led to increases in disposable income, which has supported demand for better living environments and increased furniture consumption. Increased trade has also led to more demand for office furniture.

Demand for furniture products, including high-quality ones, has also been high due to increasing residential house sales in major Chinese cities over the five-year period. There is usually a delay between the increase in house sales volumes and furniture sales, as the purchase of houses can occur some time before the purchase and delivery of furniture... 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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