Furniture and Floor Coverings Retailing in China- Market Summary & Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2020

  • ID: 3746340
  • Report
  • 69 pages
  • GlobalData
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Online Spending On Furniture and Floor Coverings Is Likely To Increase By 28.22% Over The Next Five Years.

FEATURED COMPANIES

  • Amazon China
  • Da Vinci Furniture
  • Ikea
  • Kinhom
  • Roche Bobois
  • MORE
Summary
The retail market for furniture and floor coverings is forecast to experience an annual growth of 13.09% over the forecast period. The market is anticipated to have a share of 3.3% in total retail sales by 2020. Factors such as rapid economic development, increasing urbanization, and changing lifestyles will continue to create more growth opportunities. Increasing household disposable incomes and improving living conditions are expected to drive per capita spending with a CAGR of 12.5% over the next five years (2015-2020).

Key Findings
- Home furniture and homeware retailers, department stores, hypermarkets, supermarkets, and hard discounters are the major sales channels for furniture and floor coverings.

- A rising middle class with increased disposable income and altering lifestyles are driving retail demand and retailer’s expansion plans in tier lll and tier lV cities will drive further growth

- Home furniture and homeware retailers contribute 76.4% of spending on furniture and floor coverings in 2015.

- The share of online spending on overall furniture and floor coverings is forecast to reach 11.9% by 2020

Synopsis
“Furniture and Floor Coverings Retailing in China- Market Summary & Forecasts” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020.

What else does this report offer?

- A thorough analysis of consumer trends changing economic and population factors

- Both qualitative and quantitative insights and analysis of the shifting furniture and floor coverings retail dynamics for floor coverings and furniture from 2010 to 2020

- Sales of furniture and floor coverings products through the following channels from 2010 to 2020: Home furniture and homewares retailers; hypermarkets, supermarkets and hard-discounters; online; department stores; value, variety stores and general merchandise retailers; home improvement and gardening supplies retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; other specialist retailers

- An overview of key furniture and floor coverings retailers operating across China and their presence across distribution channels

Reasons To Buy
- Gain a comprehensive knowledge on furniture and floor coverings sector in the China retail market and develop a competitive advantage from the start of your supply chain

- Investigate current and forecast behavior trends in furniture and floor coverings category to identify the best opportunities to exploit

- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior

- Understand the fastest growing categories including floor coverings and furniture, with insights on performance across key channels from 2010, with forecasts until 2020

- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the furniture and floor coverings market

- Analysis of key international and domestic players operating in the furniture and floor coverings market - including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon China
  • Da Vinci Furniture
  • Ikea
  • Kinhom
  • Roche Bobois
  • MORE
1 Introduction
1.1 What is this Report About?

2 Executive Summary & Outlook

3 Market Context
3.1 A steady economy with major growth potential for retailers
3.1.1 China's economy is increasing despite a declining growth rate
3.1.2 Savings are always a top priority for Chinese
3.1.3 Employment shift from unskilled to skilled, rural to urban, manufacturing to service industries
3.1.4 Inflation rate remains as a major concern
3.1.5 Household consumption trebles driving spending power
3.2 Large population with growing prosperity makes China a big attraction for retail

4 Chinese Shoppers
4.1 From functional to emotional
4.2 More opportunity for niche brands and mass market retailers
4.3 Shopping - a leisure activity
4.4 Two major events drive retail spend in China
4.5 High adoption of smartphones and tablets for shopping
4.6 Counterfeiting forces consumers to trade up to premium for quality assurance
4.7 Tourism /travel increases awareness of international brands
4.7.1 China remains as the second largest Duty Free market in 2020

5 Doing business in China
5.1 Summary
5.2 Anti-corruption crackdown requires careful handling for foreign businesses
5.3 Complex licensing procedures a hindrance for foreign retailers
5.4 Favourable tax structure to encourage domestic and foreign investments
5.5 Impact of government regulations on the luxury market

6 Retail - Product Sectors
6.1 Product Sector Analysis
6.1.1 Furniture and Floor Coverings
6.2 Furniture and Floor Coverings Category Overview
6.2.1 Furniture and Floor Coverings by Channel
6.2.2 Furniture and Floor Coverings by Category
6.3 Furniture and Floor Coverings Category Analysis
6.3.1 Floor Coverings
6.3.2 Furniture
6.4 Major Retailers
6.4.1 Furniture and Floor Coverings

7 Appendix
7.1 Definitions
7.1.1 This report provides 2015 actual sales; while forecasts are provided for 2016 - 2020
7.2 Summary Methodology
7.2.1 Overview
7.2.2 The triangulated market sizing method
7.2.3 Industry surveys in the creation of retail market data
7.2.4 Quality control and standardized processes
7.3 About
7.4 Disclaimer

List of Tables
Table 1: Custom Duty Rates and Consumption Tax Rates of Luxury Goods
Table 2: China Furniture and Floor Coverings Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 3: China Furniture and Floor Coverings Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 4: China Furniture and Floor Coverings Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 5: China Furniture and Floor Coverings Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
Table 6: China Furniture and Floor Coverings Segmentation (% value), by Channel Group, 2010-2020
Table 7: China Furniture and Floor Coverings Retail Sales (CNY bn), by Category, 2010-2015
Table 8: China Furniture and Floor Coverings Retail Sales Forecast (CNY bn), by Category 2015-2020
Table 9: China Furniture and Floor Coverings Retail Sales (US$ mn), by Category, 2010-2015
Table 10: China Furniture and Floor Coverings Retail Sales Forecast (US$ mn), by Category 2015-2020
Table 11: China Furniture and Floor Coverings Retail Segmentation (% value), by Category, 2010-2020
Table 12: China Floor Coverings Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 13: China Floor Coverings Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 14: China Floor Coverings Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 15: China Floor Coverings Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
Table 16: China Floor Coverings Retail Segmentation, by Channel Group, 2010-2020
Table 17: China Furniture Retail Sales (CNY bn), by Channel Group, 2010-2015
Table 18: China Furniture Retail Sales Forecast (CNY bn), by Channel Group, 2015-2020
Table 19: China Furniture Retail Sales (US$ mn), by Channel Group, 2010-2015
Table 20: China Furniture Retail Sales Forecast (US$ mn), by Channel Group, 2015-2020
Table 21: China Furniture Retail Segmentation, by Channel Group, 2010-2020
Table 22: Key Furniture and Floor Coverings Retailers in China
Table 23: China Exchange Rate CNY-USD (Annual Average), 2010-2015
Table 24: China Exchange Rate CNY-USD (Annual Average), 2016-2020 Forecasts
Table 25: Channel Definitions
Table 26: Category Definitions

List of Figures
Figure 1: GDP Value (US$ Billion), 2010-2015
Figure 2: Growth Rate of GDP (%), 2010-2015
Figure 3: GDP Value and Growth (CNY billion, %), 2010-2015
Figure 4: Forecasts for GDP Value and Growth (CNY Billion, %) 2015-2020
Figure 5: Gross Domestic Savings Rate as Share of GDP (%), 2005-2015
Figure 6: Share of Employment by Sector (% of Total Labor Force), 2005 & 2015
Figure 7: Unemployment Rate (% of Total Labor Force), 2005-2015
Figure 8: Inflation Growth Rates (%), 2005-2015
Figure 9: Household Consumption Expenditure of China (CNY Billion), 2005-2015E
Figure 10: Household Consumption Expenditure of Major Countries (US$ Billion), 2015
Figure 11: Growth of Household Consumption Expenditure (%), 2005-2015
Figure 12: Rural and Urban Populations (millions) 2005, 2015 and 2020
Figure 13: Total Population and Growth Rate (Millions, %), 2005-2020
Figure 14: Population Split by Gender (%), 2015 and 2020
Figure 15: Population Split by Age Group (%), 2015 and 2020E
Figure 16: Per Capita Spend on Retail (CNY), 2005 and 2015
Figure 17: Per Capita Spend on Retail by Age Group (%), 2005 and 2015
Figure 18: The Changing Chinese Shopper
Figure 19: Chinese New Year sales 2011-2016
Figure 20: Single Day sales 2010-2015
Figure 21: Smartphone users and penetration in China 2014-2019e
Figure 22: Top 10 Tourist Destination for Chinese in 2015
Figure 23: Major Cities with High Spend on Retail
Figure 24: Top 10 Duty Free markets by value, 2015 and 2020 (US$ billion)
Figure 25: Key Components of Doing Business in China Matrix
Figure 26: Individual Income Tax and Enterprise Income Tax Rates in China
Figure 27: Key Market Entry Requirements for China 2015
Figure 28: Share of Furniture and Floor Coverings in overall Retail 2015 and 2020
Figure 29: Retail Sales Value and Growth (CNY Billion, %) of Furniture and Floor Coverings 2015-2020
Figure 30: Spend per Head on Furniture and Floor Coverings 2015 and 2020
Figure 31: Online Spend in Furniture and Floor Coverings 2015-2020
Figure 32: Online Share of total Furniture and Floor Coverings Spend 2015 and 2020
Figure 33: Spending per Channel in Furniture and Floor Coverings (%) 2015 and 2020
Figure 34: China Furniture and Floor Coverings Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 35: China Furniture and Floor Coverings Retail Market Dynamics, by Channel Group, 2010-2020
Figure 36: China Furniture and Floor Coverings Retail Sales and Forecast (CNY bn), by Category Group, 2010-2020
Figure 37: China Furniture and Floor Coverings Retail Market Dynamics, by Category 2010-2020
Figure 38: China Floor Coverings Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 39: China Furniture Retail Sales and Forecast (CNY bn), by Channel Group, 2010-2020
Figure 40: The Triangulated Market Sizing Methodology
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Ikea
Da Vinci Furniture
Roche Bobois
Kinhom
Amazon China
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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