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Jan. 29, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
The Chinese contract market
Summary: Highlights of this Report
The Report The Chinese Contract Market is the result of 200 interviews with key players (Contract Furniture Manufacturers, Design Studios and Builders, Hotel Chains and other relevant Clients) and two years of CSIL research in
China, on contract-related topics.
Figures and analysis are described from two different point of views: end user sectors and main products.
End user sectors include Hospitality, Restaurant Industry, Mass and Luxury Retail, Real Estate/Luxury Villas, Airports, Schools/Auditoriums, Arts and Museums, Marine.
Products considered are: Tables/chairs, Bathrooms, Lighting, Office furniture, Beds, Flooring, Glass, Marble, Textiles.
The contract furniture and furnishing market in
China is estimated to worth
US$ 25,000 million in 2012. This value includes both fixed and mobile parts. Meaning all kind of furniture, textiles, doors, flooring and wall coverings. Lighting fixtures and appliances are also included in the estimate. New construction areas ready for sale were monitored, in 200 towns, in the first half of the year 2012.
Looking at the single segment, the hospitality market is by far the largest, absorbing 22% of total, equal to
US$ 5.5 billion. The retail market covers almost the same value and is broken down in Mass and Luxury segments. They are followed by the Real estate/Luxury villas and Restaurants.
The Educational (schools/auditoriums) and the Office segments represent 8% of total respectively (approximately
US$ 2.0 billion each). While Airports account for 6% and Arts & Museums and Marine are estimated to worth
US$ 1.0 billion each (covering 4% of total respectively).