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 Key Buyers Chapter
The industry has a low degree of ownership concentration, with the four largest players contributing less than 20% 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 (96.3%), including over 1,600 non-employer enterprises, which are generally sole proprietors. Similarly the bulk of furniture manufacturers (53.3%) generate less than $200,000 in annual revenue, while only about 8.0% of enterprises generate annual revenue exceeding $2.0 million... purchase to read more