Industry Analysis & Industry Trends
The Metal Furniture Manufacturing industry in China has developed rapidly in recent years. In the five years through 2012, industry revenue has been growing at an annualized rate of 14.5% to total $20.5 billion.
Industry revenue growth slowed in 2009 due to weaker foreign and domestic demand stemming from the global recession. The industry returned to strong growth, however, with revenue jumping 20.9% in 2010 and 9.6% in 2011. Solid growth is expected to continue through 2012, with revenue increasing 11.0%.
International trade plays an important role in this industry's development. In 2004, China surpassed Italy to become the world's largest furniture exporter.... purchase to read more
Industry Report - Industry Key Buyers Chapter
ACMR-IBISWorld estimates that the top four players will account for 12.7% of total industry revenue in 2012. As there are relatively low barrier to entry levels, most operators in this industry are medium- and small-scale firms. Most small-scale enterprises are self-run or family-run and suffer from deficient management expertise and low capital funds. Poor management skills, a lack of capital, and a lack of qualified workers are the main reasons that prevent these small firms from expanding.
ACMR-IBISWorld expects that the industry concentration level will increase in the next five years. Stricter regulations and stronger market competition will gradually force poor performing enterprises to exit the market, while larger enterprises will expand their business... purchase to read more