The Metal Furniture Manufacturing industry in China has developed rapidly in recent years. In the five years to 2015, industry revenue is estimated to grow at an annualized rate of 6.2% to $24.0 billion.
Following the global recession, the industry returned to strong growth, with revenue jumping 20.0% in 2010. As a result of slow growth in the number of new houses sold and the weak global economy, revenue grew an estimated 5.6% and 3.2% in 2011 and 2012, respectively. Revenue jumped 12.6% in 2013, driven by rapid automobile output growth and new house sales during the year.
The Metal Furniture Manufacturing industry in China comprises firms engaged in the manufacture and assembly of office and household metal furniture, and aircraft and automobile seats. Furniture frames and other major parts are made from a wide range of raw materials, including iron, steel, steel tube, aluminum, steel plate and alloys. Fabric, leather, artificial leather, nylon cloth, and plastics are also used as supplementary materials.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.