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

(Source: WiseGuyReports)