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 Analysis Chapter
Over the five years to 2015, the Furniture Store industry in China has been growing at a rapid annualized rate of 18.1% to reach $21.8 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