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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

IBISWorld’s Furniture Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Key Buyers Chapter

The industry concentration level is medium as a result of online furniture stores development, with the top four firms –Macalline, Easyhome, Yuexing Group and IKEA – accounting for an estimated 68.3% of industry revenue in 2015.

High-end furniture retailing requires a large investment to commence operations. Therefore, larger firms in the industry usually have to expand slowly to ensure sufficient available funds. In 2014, many large firms had acquired small to medium furniture firms to enlarge their scale and market share, while small furniture stores gradually exited the market due to higher industry standards and less capacity to confront with market changes... 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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