Furniture and Floor Coverings Retailing in Turkey- Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2019

Furniture and Floor Coverings Retailing in Turkey- Market Summary and Forecasts; Comprehensive overview of the market, consumer, and competitive context, with retail sales value and forecasts to 2019

Code: CON-RT0231SR | Published: Sep-2015 | Pages: 65 | Conlumino
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Turkish furniture and floor coverings retail market sales accounted for 5.8% of the total sales in 2014. The market is characterized by a mix of both domestic and international retailers, where the majority of the market is controlled by home furniture and homewares retailers. Per capita spend on furniture and floor coverings is expected to grow at a CAGR of 5.7% during 2014-2019 to reach TRY300 by 2019.

Key Findings
- Furniture is expected to remain the largest category, growing at a CAGR of 6.5% during the forecast period.

- The construction of new homes and renovation activities are set to drive the sales of furniture and floor coverings in the country over the next few years.

- Home furniture and homewares retailers account for 83.8% of the total sales of furniture and floor coverings

- Sales through online channel are gaining momentum and are expected to grow at a CAGR of 16.7% during 2014-2019.

Synopsis
"Furniture and Floor Coverings Retailing in Turkey- Market Summary and Forecasts" is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2019.

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 furniture and floor coverings retail dynamics for floor coverings and furniture from 2009 to 2019

- Sales of furniture and floor coverings products through the following channels from 2009 to 2019: Home furniture and homewares retailers; hypermarkets, supermarkets and hard-discounters; online; department stores; value, variety stores and general merchandise retailers; home improvement and gardening supplies retailers; other general and non-specialist direct retailers; cash and carries and warehouse clubs; other specialist retailers

- An overview of key furniture and floor coverings retailers operating across Turkey and their presence across distribution channels

Reasons To Buy
- Gain a comprehensive knowledge on furniture and floor coverings sector in the Turkish retail market and develop a competitive advantage from the start of your supply chain

- Investigate current and forecast behavior trends in furniture and floor coverings 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 floor coverings and furniture, with insights on performance across key channels from 2009, with forecasts until 2019

- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the furniture and floor coverings market

- Analysis of key international and domestic players operating in the furniture and floor coverings market - including store counts and revenues that give you a competitive edge - identify opportunities to improve your market share

Table of Contents

1 Introduction
1.1 What is this Report About?
2 Executive Summary and Outlook
3 Market Context
3.1 Strong economy offers ample growth opportunities for retailers
3.1.1 Robust economy with high growth potential - A positive sign for retailers
3.1.2 Turks tend to spend more as reflected by the lower savings rate
3.1.3 Services sector continues to be the dominant sector for employment
3.1.4 Retailers to benefit from moderate inflation levels
3.1.5 Household consumption doubles, driving spending power
3.1.6 Increasing urbanization is an ideal scenario for retailers
4 Turkish Shoppers
4.1 Supermarkets and big discounters making inroads into market share of local stores that enjoy customer loyalty
4.2 Burgeoning young and middle class consumer demographics - the key target areas for retailers
4.3 Retailers need to balance between westernized, secular and conservative Muslim population
4.4 Increasing number of Turks looking for wholesome shopping experience
4.5 Increasing popularity of credit/debit cards as mode of payments
4.6 E-commerce has great potential for development in both rural and urban areas
4.6.1 M-commerce is a significant trend for rural communities
4.7 Increasing number of foreign tourist to aid retail growth
5 Doing Business in Turkey
5.1 Summary
5.1.1 Bureaucracy
5.1.2 Business culture
5.1.3 Infrastructure and logistics
5.2 Laws for foreign investments
5.3 Regulations to ease retail business establishment
5.4 Draft law on regulation of organized retailers
5.5 Taxation policies
6 Retail - Product Sectors
6.1 Product Sector Analysis
6.1.1 Furniture and Floor Coverings
6.2 Furniture and Floor Coverings Category Overview
6.2.1 Furniture and Floor Coverings by Channel
6.2.2 Furniture and Floor Coverings by Category
6.3 Furniture and Floor Coverings Category Analysis
6.3.1 Floor Coverings
6.3.2 Furniture
6.4 Major Retailers
6.4.1 Furniture and Floor Coverings
7 Appendix
7.1 Definitions
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: Turkey Furniture and Floor Coverings Retail Sales (TRY mn), by Channel Group, 2009-2014
Table 2: Turkey Furniture and Floor Coverings Retail Sales Forecast (TRY mn), by Channel Group, 2014-2019
Table 3: Turkey Furniture and Floor Coverings Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 4: Turkey Furniture and Floor Coverings Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 5: Turkey Furniture and Floor Coverings Segmentation (% value), by Channel Group, 2009-2019
Table 6: Turkey Furniture and Floor Coverings Retail Sales (TRY mn), by Category, 2009-2014
Table 7: Turkey Furniture and Floor Coverings Retail Sales Forecast (TRY mn), by Category 2014-2019
Table 8: Turkey Furniture and Floor Coverings Retail Sales (US$ mn), by Category, 2009-2014
Table 9: Turkey Furniture and Floor Coverings Retail Sales Forecast (US$ mn), by Category 2014-2019
Table 10: Turkey Furniture and Floor Coverings Retail Segmentation (% value), by Category, 2009-2019
Table 11: Turkey Floor Coverings Retail Sales (TRY mn), by Channel Group, 2009-2014
Table 12: Turkey Floor Coverings Retail Sales Forecast (TRY mn), by Channel Group, 2014-2019
Table 13: Turkey Floor Coverings Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 14: Turkey Floor Coverings Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 15: Turkey Floor Coverings Retail Segmentation, by Channel Group, 2009-2019
Table 16: Turkey Furniture Retail Sales (TRY mn), by Channel Group, 2009-2014
Table 17: Turkey Furniture Retail Sales Forecast (TRY mn), by Channel Group, 2014-2019
Table 18: Turkey Furniture Retail Sales (US$ mn), by Channel Group, 2009-2014
Table 19: Turkey Furniture Retail Sales Forecast (US$ mn), by Channel Group, 2014-2019
Table 20: Turkey Furniture Retail Segmentation, by Channel Group, 2009-2019
Table 21: Key Furniture and Floor Coverings Retailers in Turkey
Table 22: Turkey Exchange Rate TRY-USD (Annual Average), 2009-2014
Table 23: Turkey Exchange Rate TRY-USD (Annual Average), 2015-2019 Forecasts
Table 24: Conlumino Retail Channel Definitions
Table 25: Conlumino Retail Category Definitions

List of Figures


Figure 1: GDP Value (US$ billion), 2009-2014
Figure 2: Growth Rate of GDP (US$ billion, %), 2009-2014
Figure 3: GDP Value and Growth (TRY billion, %), 2008-2014
Figure 4: Forecasts for GDP Value and Growth (TRY billion, %), 2014-2019
Figure 5: Gross Domestic Savings as a Percentage of GDP (%), 2004-2014
Figure 6: Share of Employment by Sector (%), 2004 and 2014
Figure 7: Unemployment Rate(%), 2005-2014
Figure 8: Inflation Growth Rates (%), 2004-2014
Figure 9: Household Consumption Expenditure of Turkey (TRY billion), 2004 and 2014
Figure 10: Household Consumption Expenditure of Major Countries (US$ billion), 2014
Figure 11: Growth of Household Consumption Expenditure (US$, %), 2004-2014
Figure 12: Rural and Urban Populations (millions) 2004, 2014 and 2019
Figure 13: Total Population and Growth Rate (Millions, %), 2004-2019
Figure 14: Population Split by Gender (%), 2014 and 2019E
Figure 15: Population Split by Age Group (%), 2014 and 2019
Figure 16: Per Capita Spend on Retail (TRY), 2006 and 2014
Figure 17: Per Capita Spend (TRY)and Total Retail Spend by Age Group (%), 2006 and 2019
Figure 18: Young and middle class population are key target groups
Figure 19: Increasing use of credit cards in Turkey
Figure 20: E-commerce and M-commerce are on a rise
Figure 21: Tourist arrivals to Turkey, (in thousands), 2009 and 2014
Figure 22: Major Province with High Spend on Retail
Figure 23: Key Components of Doing Business in Turkey
Figure 24: Withholding Taxes on Selected Payments of Resident/Non-Resident Corporations
Figure 25: Major Transaction Taxes
Figure 26: Share of Furniture and Floor Coverings in overall Retail 2014 and 2019
Figure 27: Retail Sales Value and Growth (TRY billion, %) of Furniture and Floor Coverings 2014-2019
Figure 28: Spend per Head on Furniture and Floor Coverings 2014 and 2019
Figure 29: Online Spend in Furniture and Floor Coverings 2014-2019
Figure 30: Online Share of total Furniture and Floor Coverings Spend 2014 and 2019
Figure 31: Spending per Channel in Furniture and Floor Coverings (%) 2014 and 2019
Figure 32: Turkey Furniture and Floor Coverings Retail Sales and Forecast (TRY mn), by Channel Group, 2009-2019
Figure 33: Turkey Furniture and Floor Coverings Retail Market Dynamics, by Channel Group, 2009-2019
Figure 34: Turkey Furniture and Floor Coverings Retail Sales and Forecast (TRY mn), by Category Group, 2009-2019
Figure 35: Turkey Furniture and Floor Coverings Retail Market Dynamics, by Category 2009-2019
Figure 36: Turkey Floor Coverings Retail Sales and Forecast (TRY mn), by Channel Group, 2009-2019
Figure 37: Turkey Furniture Retail Sales and Forecast (TRY mn), by Channel Group, 2009-2019
Figure 38: The Triangulated Market Sizing Methodology
IKEA
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