Summary
The retail market for home and garden products in China is estimated to reach CNY2,630 billion by 2020, registering a CAGR of 13.40% over the forecast period. The expanding middle class and their aspiration for a better lifestyle will encourage them to invest more in home and garden products. Per capita spending is likely to grow at a CAGR of 12.8% by 2020. Home and garden products constitute a market share of 6.1% of total retail sales in 2015.
Key Findings
* The retail market for home and garden products in China is estimated to reach CNY2,630 billion by 2020, registering a CAGR of 13.40% over the forecast period
* 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
* Online spending on home and garden products in China is expected to reach CNY299.7 billion in 2020, growing at a CAGR of 29.87% between 2015 and 2020
Full Report Details at
- http://www.fastmr.com/prod/1183559_home_garden_products.aspx?afid=301
Synopsis
"Home and Garden Products Retailing in China - Market Summary and 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 home and garden products retail dynamics for gardening and outdoor living, home improvement, and homewares from 2010 to 2020
* Sales of home and garden products through the following channels from 2010 to 2020: Home improvement and gardening supplies retailers; hypermarkets, supermarkets and hard-discounters; home furniture and homewares retailers; department stores; value, variety stores and general merchandise retailers; online; other specialist retailers; cash and carries and warehouse clubs; electrical and electronics specialists; other general and non-specialist direct retailers; convenience stores (including Independents) and gas stations
* An overview of key home and garden products retailers operating across China and their presence across distribution channels
Reasons to Get this Report
* Gain a comprehensive knowledge on home and garden products sector in the China retail market and develop a competitive advantage from the start of your supply chain
* Investigate current and forecast behaviour trends in home and garden products category to identify the best opportunities to exploit
* Analyze the recommended actions to align your marketing strategies with the crucial trends influencing the consumer behavior
* Understand the fastest growing categories including gardening and outdoor living; home improvement and homewares, with insights on performance across key channels from 2010, with forecasts until 2020
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Home and Garden Products Retailing in China - New Market Research Report
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001