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. However, the industry has endured a sharp decline since the since the mid-2000s. An appreciating Australian dollar through to a peak in 2012-13 significantly eroded the capacity of local manufacturers to compete with imports and non-wooden furniture substitutes.
Domestic demand for wooden and upholstered furniture products is expected to currently total $4.3 billion, representing a marginal decline over the five years through 2015-16. However, imports now capture a greater share of domestic demand at the expense of local manufacturing... purchase to read more
Industry Report - Industry Products Chapter
The total market for wooden furniture and upholstered seating is divided by price, quality and design. Other than price and quality segmentation, furniture products fall into three main categories: upholstered furniture, non-upholstered wooden furniture and wooden furniture carcasses.
Upholstered furniture accounts for about 40.0% of industry revenue and includes lounge, kitchen, dining and bedroom furniture. Competition from imports is partly restricted in the upholstered furniture segment due to the bulky nature of products and the turnaround time for manufacturing products to customer specifications. Upholstered furniture typically has a higher value per unit than most other furniture pieces... purchase to read more