Industry Analysis & Industry Trends
The Leather and Leather Substitute Product Manufacturing industry has struggled significantly over the past five years. Industry performance has been affected by falling demand for leather tanning, fur dressing and leather product manufacturing and less demand from downstream clothing and footwear manufacturers. Companies have also been affected by real household discretionary income levels and the strength of the Australian dollar. Industry operators export a majority of Australia's animal hides and skins to China. A large number of finished leather products such as belts, wallets and handbags are also imported from China. Industry revenue is estimated to decline at a compound annual 4.1%... purchase to read more
Industry Report - Starting a New Business Chapter
Medium barriers to entry characterise the industry. The capital investment required to begin operation in the industry is moderate. In addition, manufacturing processes and design expertise are fairly accessible. However, over the past five years, new software has been incorporated into computer-driven processes and inventory management systems. Technology is therefore a key component to the industry. The vertically integrated operations of some major players in the industry may also limit new firms' access to animal hides and skins.
It can also be difficult for new participants to compete against existing manufacturers that have established brand strengths and proven marketing capabilities... purchase to read more