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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 2014

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
$20bn
Annual Growth 09-14
22.2%
Annual Growth 14-19
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Profit
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Employment
86,410
Businesses
5,807
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 SWOT Analysis Chapter

With annualized value added growth of 18.5% in the 10 years through 2019, the industry is in the growth phase of its life cycle. This is higher than China's GDP growth of about 7.3% over the same period.

The industry concentration level is still low and more firms are expected to enter the industry in future years. However, more acquisitions and mergers will also occur as smaller companies face difficulties competing with major ones.

As China's economy continues to grow at a rapid pace, the purchasing power of Chinese people will continue to increase. Additionally, housing expenditure is increasing, stimulating demand growth for new 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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