China Furniture Market is Expected to increase in Future at a CAGR of 5.3% : Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit China being the second largest economy by nominal GDP and world largest economy by purchasing power parity (PPP) in 2014 has emerged as one of the key furniture market in terms of revenue, top largest furniture exporters and one of the major manufacturers of wooden furniture in world. It had dominated several European wooden furniture manufacturing countries such as Germany and Italy along with other furniture manufacturing nations like Netherland, Canada, Poland, Mexico and United States. The furniture market in China has grown with a CAGR of 10.3% during the period 2010-2015. China Furniture market has been broadly divided into residential and non-residential furniture market. Observing the growth trend of the China residential furniture market with the non residential furniture market, the residential furniture market has grown with a CAGR of 11.4% for the period 2010-2015. The furniture products in China domestic furniture market are stockpile majorly through domestic manufacturing and on small scale via import. The imported furniture products majorly belong to the product categories such as Euro-French style furniture, Euro-American furniture, and American Classical style furniture, which are made from different varieties of furniture manufacturing raw material. The imported products are sold via retailers’ sales channel in the domestic furniture market and are sold at higher margins as the furniture is imported on demand and the risk involved in the sales of such furniture is high. In 2014, China had contributed 38.2% to the world furniture market and is recognized as the top furniture exporter in the world followed by Germany, Italy, Poland, United States, Mexico, Vietnam, Canada, and Netherlands. Low labour cost, easy availability of raw materials, skilled workers, and large forest area are the major reasons which have made China furniture Market, the largest furniture market in the world in terms of revenues and export. The value chain analysis for China furniture industry includes primary activities which add value directly to the production process in furniture industry and secondary activities also plays an important role. Bed Room Furniture encompasses of beds, bed benches, book cases, wardrobes, chests, dressers nightstands and others. Bedroom furniture has stood as the highest revenue-generating segment as in the residential furniture sector as items placed in bedroom have been of utmost priority for any customer. Living room Furniture comprises of products such as coffee tables, sofas, sofa tables, corner tables, chairs, bookshelves, TV stands, ottomans, display cabinets, consoles and upholstered furniture like sofas and overstuffed chairs. In the year 2015, China residential furniture market has faced widespread demand owing to increasing sales from online channels and increase in demand of furniture due to number of upcoming housing projects, the increase in demand of customized furniture and increase in trend of modular kitchen. The online sales of furniture had witnessed a robust growth in past few years. The online companies such as Overstock, Dhgate are the renowned online furniture provider in the company. Contract furniture’s are the sub-segment of non residential commercial furniture sector of China. Such furniture’s are designed and manufactured for commercial sector (offices, shopping malls, waiting rooms, lobbies etc) installation at higher margin rates by medium and large manufacturing players. The high quality and design of furniture products had increased the international demand for furniture products resulting in the increase in the value of furniture export. Additionally, Easy availability of raw materials for manufacturing of furniture will help in the growth of China Furniture industry in future as easily available resources will lead to lower production costs, better quality of products and also make sourcing easier. Yihua Furnishing is the leading manufacturer of furniture products in China. The company is offering wide range of timber products in different segments such as youth Bedrooms, dining room, Living Room and outdoor Furniture. The company operates under the following brands Kaylee, Madera, Milo, Latitudes and others. Huizhou Huaya is a leading manufacturer of Home furnishing Products in the country, Specialized in Dining Tables, Coffee tables, Wine Cabinets, Dining Chairs and others. IKEA group is a multinational group with its presence in more than 40 countries. The company is operating in home furnishing products. IKEA is offering furniture for bedroom, living room, kitchen, dining room, Bathroom and others. Hoba Home offers bedroom furniture, Living room furniture, kitchen furniture and other homer furniture products to the customers. After decades of development in China furniture industry the market had witnessed a tremendous growth in past few years. It has also been anticipated that the market will increase in future at a CAGR of 5.3% during 2016-2020. For more information on the market research report please refer to the below mentioned link: https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/china-furniture-market-report/35851-95.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications ankur@kenresearch.com +91-124-4230204 Tags: China Bed Room Furniture, China Business Growth IKEA Furniture, China Contract Based Furniture Market, China Domestic Manufacturing Furniture, China Dressing Table Sales, China Furniture Market Future Outlook, China Furniture Market Growth, China Furniture Market Research Report, China Furniture Market Size, China Huizhou Huaya Furniture Sales, China Industrial Furniture Industry, China Modular Kitchen, China Online Furniture Sales, China Sofa Market, China Target Group Premium Furniture, China Wardrobes Market Competition, China Yihua Furnishing Competition, Hoba Home Furniture GMV China, Import Furniture from China