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 Locations Chapter
Shanghai, one of the most developed regions in China, accounts for the largest proportion of industry revenue at 16.3% in 2014. Guangdong province and Shandong province make up 15.8% and 9.0% of total industry revenue, respectively.
The geographic concentration level for the Furniture Store industry is similar to the geographic spread of households in China. However, the percentages of households in North East China, North West China and South West China (China's developing regions) are larger than their respective industry revenue shares. This is because the economy is less developed in these regions, and many households are of ethnic minorities that produce and consume furniture within their own cultures... purchase to read more