China became the largest furniture exporter in the world in 2004, surpassing Italy. Wood furniture manufacturing made up the largest proportion of the Chinese furniture manufacturing sector in 2012, contributing about 59.0% of total furniture manufacturing revenue.
Wood furniture manufacturers are expected to generate revenue of $82.2 billion in 2015, up 8.0% from 2014, with annualized increases of 13.5% in the past five years. Industry profit is relatively low, averaging 6.0% of industry revenue. This is due to high raw material costs and weak pricing levels across the industry.
The Wood Furniture Manufacturing manufactures various wooden furniture products. Timber and wood-based pieces and panels are the primary materials used, along with supplements such as paint, glass and hardware.
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.