Industry Analysis & Industry Trends
The Wooden Furniture and Upholstered Seat Manufacturing industry is the largest in the furniture manufacturing sector, accounting for 60% to 70% of Australian furniture production and employment. Industry activity has trended sharply downwards since the mid-2000s, as appreciation of the Australian dollar has significantly eroded the capacity of local manufacturers to compete with imports and non-wooden furniture substitutes. The price of general furniture components, such as leather, textiles, metal fasteners and springs, has increased, while the price of imported furniture products has decreased.
Industry revenue is expected to total $2.2 billion in 2014-15, reflecting moderate growth by 1.2%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low degree of ownership concentration, with the four largest players contributing just over one quarter of industry revenue.
The industry has a fragmented structure and is characterised by its many small-scale, independent operators. The vast majority of businesses employ fewer than 20 people (95.8%), including over 1,600 non-employer enterprises, which are generally sole proprietors. Similarly the bulk of furniture manufacturers (53.7%) generate less than $200,000 in annual revenue, while 7.8% of enterprises generate annual revenue exceeding $2.0 million... purchase to read more