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.... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years to 2017, the Furniture Store industry in China has been growing at a rapid annualized rate of 14.8% to reach $26.6 billion. Economic and population growth have led to increases in disposable income, which has supported demand for better living environments and increased furniture consumption. Increased trade has also led to more demand for office furniture.
Demand for furniture products, including high-quality ones, has also been high due to increasing residential house sales in major Chinese cities over the five-year period. There is usually a delay between the increase in house sales volumes and furniture sales, as the purchase of houses can occur some time before the purchase and delivery of furniture.
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