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Furniture and Floor Coverings Retailing in China - Market Summary and Forecasts : Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2018
Publication Date May 2014
Product Type Report
Pages 68
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Summary
“Furniture and Floor Coverings Retailing in China - Market Summary and Forecasts”, report, published by Conlumino, provides a detailed analysis of both the historic and forecast market data of furniture and floor coverings retail sales across key channels in China. In addition, it provides an overview of changing shopping trends, government policies towards business, the influence of various economic variables on the retail industry, the competitive landscape and detail of key retailers.

Key Findings
- Strong economic growth and the move to become a consumer led economy will be just one factor driving significant growth in Chinese retail sales to 2018.
- A changing shopping mode- from functional, deal driven to emotional, status driven, is creating new opportunities for both value for money and premium products.
- Furniture and floor coverings market offer opportunities, but have to fit Chinese lifestyles and tastes.
- Specialist retailers and department stores will continue to be key channels for this product segment.

Synopsis
- “Furniture and Floor Coverings Retailing in China - Market Summary and Forecasts” is a detailed sector report providing comprehensive analysis of the emerging trends, forecasts and opportunities in China's furniture and floor coverings retail market
- The report is a result of a thorough analysis of consumer trends, and changing economic and population factors of the country.
- The report provides both qualitative and quantitative insights of the changing furniture and floor coverings retail dynamics across 17 retail channels.
- It provides an overview of key retailers operating across the product segment and their presence across channels

Reasons To Buy
- The report provides a comprehensive overview of the Chinese furniture and floor coverings retail market for companies already operating in and those wishing to enter the Chinese market.
- Understand which channels will be the major winners and losers over the coming years and plan accordingly.
- Benefit from a detailed analysis of vital economic and population trends and key consumer trends influencing the retail market.
- Monitor the competitive landscape with the analysis of key international and domestic players in furniture and floor coverings market.


Companies Mentioned

Tmall, Rainbow Department Store, Kinhom Group, IKEA, Da Vinci Furniture, Roche Bobois (RB) Group, Amazon China

1 Introduction
1.1 What is this Report About?
2 Executive Summary and Outlook
3 Market Context
3.1 A strong economy with major growth potential for retailers
3.1.1 Resilient GDP growth makes China 2nd largest global economy
3.1.2 Widening social welfare provisions should free up high savings levels
3.1.3 Employment shift from unskilled to skilled, rural to urban, manufacturing to service industries
3.1.4 Wage growth above inflation
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
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 Favorable tax structure to encourage domestic and foreign investments
5.5 Impact of government regulations on the luxury market
6 Retail - Product Sectors
6.1 Furniture and Floor Coverings Category Overview
6.1.1 Furniture and Floor Coverings by Channel
6.1.2 Furniture and Floor Coverings by Category
6.2 Furniture and Floor Coverings Category Analysis
6.2.1 Floor Coverings
6.2.2 Furniture
6.3 Product Sector Analysis
6.3.1 Furniture and Floor Coverings
6.4 Major Retailers
6.4.1 Furniture and Floor Coverings
7 Appendix
7.1 Definitions
7.1.1 This report provides 2013 actual sales; while forecasts are provided for 2013 - 2018
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 Conlumino
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, 2008-2013
Table 3: China Furniture and Floor Coverings Retail Sales Forecast (CNY bn), by Channel Group, 2013-2018
Table 4: China Furniture and Floor Coverings Retail Sales (USD mn), by Channel Group, 2008-2013
Table 5: China Furniture and Floor Coverings Retail Sales Forecast (USD mn), by Channel Group, 2013-2018
Table 6: China Furniture and Floor Coverings Segmentation (% value), by Channel Group, 2008-2018
Table 7: China Furniture and Floor Coverings Retail Sales (CNY bn), by Category, 2008-2013
Table 8: China Furniture and Floor Coverings Retail Sales Forecast (CNY bn), by Category 2013-2018
Table 9: China Furniture and Floor Coverings Retail Sales (USD mn), by Category, 2008-2013
Table 10: China Furniture and Floor Coverings Retail Sales Forecast (USD mn), by Category 2013-2018
Table 11: China Furniture and Floor Coverings Retail Segmentation (% value), by Category, 2008-2018
Table 12: China Floor Coverings Retail Sales (CNY bn), by Channel Group, 2008-2013
Table 13: China Floor Coverings Retail Sales Forecast (CNY bn), by Channel Group, 2013-2018
Table 14: China Floor Coverings Retail Sales (USD mn), by Channel Group, 2008-2013
Table 15: China Floor Coverings Retail Sales Forecast (USD mn), by Channel Group, 2013-2018
Table 16: China Floor Coverings Retail Segmentation, by Channel Group, 2008-2018
Table 17: China Furniture Retail Sales (CNY bn), by Channel Group, 2008-2013
Table 18: China Furniture Retail Sales Forecast (CNY bn), by Channel Group, 2013-2018
Table 19: China Furniture Retail Sales (USD mn), by Channel Group, 2008-2013
Table 20: China Furniture Retail Sales Forecast (USD mn), by Channel Group, 2013-2018
Table 21: China Furniture Retail Segmentation, by Channel Group, 2008-2018
Table 22: Key Furniture and Floor Coverings Retailers in China
Table 23: China Exchange Rate CNY-USD (Annual Average), 2008-2013
Table 24: China Exchange Rate CNY-USD (Annual Average), 2014-2018 Forecasts
Table 25: Conlumino Retail Channel Definitions
Table 26: Conlumino Retail Category Definitions

List of Figures
Figure 1: GDP Value (US$ Billion), 2007-2013e
Figure 2: Growth Rate of GDP (%), 2007-2013e
Figure 3: Forecasts for GDP Value and Growth (US$ Billion, %) 2013-2018
Figure 4: Household Savings Rate as Share of GDP (%), 2003-2013
Figure 5: Share of Employment by Sector (% of Total Labor Force), 2003and2013e
Figure 6: Unemployment Rate (% of Total Labor Force), 2003-2013e
Figure 7: Wage and Inflation Growth Rates (%), 2003-2013
Figure 8: Household Consumption Expenditure of China (US$ Billion), 2003-2013
Figure 9: Household Consumption Expenditure of Major Countries (US$ Billion), 2013
Figure 10: Growth of Household Consumption Expenditure (%), 2003-2013e
Figure 11: Disposable Income Value (CNY) 2003 and 2013
Figure 12: Rural and Urban Populations (millions) 2003, 2013 and 2018
Figure 13: Total Population and Growth Rate (Millions, %), 2003-2018
Figure 14: Population Split by Gender (%), 2013and2018
Figure 15: Population Split by Age Group (%), 2013 and 2018
Figure 16: Per Capita Spend on Retail (CNY), 2005and 2013
Figure 17: Per Capita Spend on Retail by Age Group (%), 2005and 2013
Figure 18: The Changing Chinese Shopper
Figure 19: Chinese New Year sales 2010-2014
Figure 20: Single Day sales 2009-2013
Figure 21: M-tailing in China
Figure 22: Prime Destination for Chinese Tourists Bar charts 2003 and 2013 E
Figure 23: Major Cities with High Spend on Retail
Figure 24: Key Components of Doing Business in China Matrix
Figure 25: Individual Income Tax and Enterprise Income Tax Rates in China
Figure 26:Key Market Entry Requirements for China 2013
Figure 27: China Furniture and Floor Coverings Retail Sales and Forecast (CNY bn), by Channel Group, 2008-2018
Figure 28: China Furniture and Floor Coverings Retail Market Dynamics, by Channel Group, 2008-2018
Figure 29: China Furniture and Floor Coverings Retail Sales and Forecast (CNY bn), by Category Group, 2008-2018
Figure 30: China Furniture and Floor Coverings Retail Market Dynamics, by Category 2008-2018
Figure 31: China Floor Coverings Retail Sales and Forecast (CNY bn), by Channel Group, 2008-2018
Figure 32: China Furniture Retail Sales and Forecast (CNY bn), by Channel Group, 2008-2018
Figure 33: Share of Furniture and Floor Coverings in overall Retail 2013 and 2018
Figure 34: Retail Sales Value and Growth (CNY Billion, %) of Furniture and Floor Coverings 2013-2018
Figure 35: Spend per Head on Furniture and Floor Coverings 2013 and 2018
Figure 36: Online Spend in Furniture and Floor Coverings 2013-2018
Figure 37: Online Share of total Furniture and Floor Coverings Spend 2013 and 2018
Figure 38: Spending per Channel in Furniture and Floor Coverings (%) 2013 and 2018
Figure 39: The Triangulated Market Sizing Methodology

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Published By :  Conlumino

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