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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

IBISWorld’s Furniture Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 SWOT Analysis Chapter

With annualized value added growth of 10.8% in the 10 years through 2021, the industry is in the growth phase of its life cycle. This is higher than China's GDP growth of about 6.5% 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 steadily, 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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