Furnishing touches: Strong housing sales boosts demand for furniture products

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 2018, the Furniture Store industry has been growing at an annualized rate of 12.2% to $30.4 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 Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

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 2018. 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.

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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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 diversificationPerformance 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

  • 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
    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
    Macalline Group, Beijing Easyhome Investment Holding Group Co. Ltd., Yuexing Group, IKEA Group, Shenzhen 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

  • 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
    Table: Industry Data for the Furniture Stores Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    The Furniture Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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