Overview

IBISWorld’s Wood Furniture Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

China became the largest furniture exporter in the world in 2004, surpassing Italy. Wood furniture manufacturing made up the largest proportion of the Chinese furniture manufacturing sector in 2012, contributing about 59.0% of total furniture manufacturing revenue.

Wood furniture manufacturers are expected to generate revenue of $96.3 billion in 2017, up 7.2% from 2016, with annualized increases of 10.6% in the past five years. Industry profit is relatively low, averaging 5.4% of industry revenue. This is due to high raw material costs and weak pricing levels across the industry. However, as household disposable income levels in China continue to increase, so will domestic demand, and manufacturers will be able to charge higher prices for their products...

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Industry Report - Industry Key Buyers Chapter

Industry concentration measures the extent to which major companies dominate an industry. The top four industry participants are expected to hold a combined market share of 10.6% in 2017. This represents a low industry concentration level, with no one firm dominating the industry.

Due to relatively low barriers to entry, numerous small and medium-scale operators characterize this industry. Most Chinese furniture enterprises are self-run or family-run. These household-type establishments usually lack management expertise and capital equipment. In fact, Poor management, a lack of capital and of skilled employees, and weak distribution channels are the main barriers for domestic enterprises.

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Additional Insights for the Wood Furniture Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wood Furniture Manufacturing Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Export Market and Per Capita Disposable Income in the Wood Furniture Manufacturing industry impact industry performance..

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    Industry Products

    What is the Wood Furniture Manufacturing Industry?

    The Wood Furniture Manufacturing manufactures various wooden furniture products. Timber and wood-based pieces and panels are the primary materials used, along with supplements such as paint, glass and hardware.

    Industry Products
    Wooden household furniture
    Wooden office furniture
    Wooden hotel furniture
    Industry Activities
    Wooden office furniture
    Wooden dining room furniture
    Wooden living room furniture
    Wooden casual furniture
    Wooden kitchen furniture
    Wooden wardrobe
    Wooden bed, TV cabinet, table, chair and other furniture

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Export Market
  • Per Capita Disposable Income
  • Downstream Demand - Nonresidential Building Construction
  • Downstream Demand - Residential Building Construction
  • Exchange Rates - Renminbi per $US
  • Population Growth - China

  • Current Performance
  • Enterprises
  • Employment and wages
  • Industry profitability
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Wood Furniture Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wood Furniture Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Department Stores & Shopping Malls
  • Furniture Stores
  • Online Shopping

  • Key Selling Industries
  • Paint Manufacturing
  • Plywood Manufacturing
  • Sawmills

  • Products & Services
  • Wooden household furniture
  • Wooden hotel furniture
  • Wooden office furniture
  • Chart: Wood Furniture Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Economic growth
  • Price of substitute products
  • Age composition of population
  • Furniture expos

  • Major Markets
  • People aged 20-30
  • People aged 30-40
  • People aged 40-50
  • People aged 50-60
  • Other
  • Chart: Major Market Segmentation for the Wood Furniture Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Wood Furniture Manufacturing

  • Basis of Competition
  • Customer service
  • Product quality
  • Research and development
  • Delivery time
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wood Furniture Manufacturing Industry

  • Industry Globalization
    Major Companies
    Yihua GroupDalian Huafeng Furniture Co., Ltd.Nanyang Hoo's Furniture Manufacturing CompanyShuangye Furniture Industrial Co. Ltd.Landbond Furniture GroupLangfang Huari Furniture Holding Co Ltd.
  • Table: Yihua Group - financial performance
  • Table: Dalian Huafeng Furniture Co., Ltd. - financial performance
  • Table: Nanyang Hoo's Furniture Manufacturing Company - financial performance
  • Table: Shuangye Furniture Industrial Co. Ltd. - financial performance
  • Table: Landbond Furniture Group - financial performance
  • Table: Langfang Huari Furniture Holding Co Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Furniture Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Wood Furniture Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Computer-Aided Design (Cad)
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Enterprise Resource Planning (Erp)
  • A company-wide computer software system used to manage and coordinate all the resources, information and functions of a business from shared data stores.
  • Manufacturing Resource Planning (Mrp-Ii)
  • A method for the effective planning of all resources of a manufacturing company
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wood Furniture Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wood Furniture Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wood Furniture Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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