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.


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 2017, the Furniture Store industry has been growing at an annualized rate of 14.8% to $26.6 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...

Industry Report - Starting a New Business Chapter

Large-scale furniture retailing requires substantial initial investment to rent buildings to store and exhibit large amounts of furniture. Purchasing and transporting furniture also requires large sums of liquidity.

Competition among large retailers is still at a low level. This leaves opportunities for new players to enter. However, existing players will rapidly expand sales networks to suppress the growth of new competitors.

Supply and purchase relationships between retailers and suppliers are often well-established. Some large enterprise even own manufacturing companies. Leading enterprises in the industry have their own design and research centers to develop new products, which enhances relationships, as manufacturers rely on their orders and designs.


Additional Insights for the Furniture Stores Industry

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

  • Experienced work force
  • Attractive product presentation
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income and Number of Households in the Furniture Stores industry impact industry performance..

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    Industry Products

    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 furniture
    Metal furniture
    Bamboo, cane and plastic furniture
    Other furniture
    Industry Activities
    Specialized retailing of common household furniture
    Specialized retailing of compound kitchen furniture
    Specialized retailing of office furniture
    Specialized retailing of 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
  • Per Capita Disposable Income
  • Number of Households
  • Household Expenditure - by Category
  • Competition from Substitutes - Department Stores - Furniture Stores

  • Current Performance
  • Product diversification
  • Performance trends
  • Chart: Revenue Growth

  • Industry Outlook
  • High-end and low-end furniture retailers
  • Table: Furniture Stores Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Building Completion & Interior Design
  • Hotels
  • Full-Service Restaurants
  • Households

  • Key Selling Industries
  • Metal Furniture Manufacturing
  • Wood Furniture Manufacturing

  • Products & Services
  • Wood furniture
  • Metal furniture
  • Other furniture
  • Bamboo, cane and plastic furniture
  • Chart: Furniture Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Disposable income
  • Construction activity
  • Consumer confidence
  • Furniture prices
  • Urbanization process

  • Major Markets
  • General household consumers
  • Offices and commercial entities
  • Wholesalers
  • Other
  • Chart: Major Market Segmentation for the Furniture Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Rent, utilities, and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Furniture Stores

  • Basis of Competition
  • Price
  • Location
  • Product range
  • Value-added services
  • Delivery time
  • Promotions
  • External competition

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

  • Industry Globalization
    Major Companies
    Macalline GroupBeijing Easyhome Investment Holding Group Co. Ltd.Yuexing GroupIKEA GroupShenzhen HoBa Home Furnishings Chain Enterprise Co., Ltd.
  • Table: Macalline Group - financial performance
  • Table: Beijing Easyhome Investment Holding Group Co. Ltd. - financial performance
  • Table: Yuexing Group - financial performance
  • Table: IKEA Group - financial performance
  • Table: Shenzhen HoBa Home Furnishings Chain Enterprise Co., Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Furniture Stores 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 Furniture Stores Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Consumer Price Index
  • Measures changes in the price level of consumer goods and services purchased by households. It is an indicator of the growth of inflation from year to year.
  • 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.
  • Foreign-Invested Commercial Enterprises (Fice)
  • Foreign firms that invest in Chinese companies.
  • 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 Furniture Stores:
    • 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 Furniture Stores 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 Furniture Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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