Industry Analysis & Industry Trends
The Wooden Furniture and Upholstered Seat Manufacturing industry is the largest industry 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 exchange rate appreciation 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 $2.5 billion in 2013-14, reflecting moderate growth by 2.2%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is considered to be entering a declining stage of its economic life cycle as it becomes increasingly subject to competition from low-cost substitutes and imported furniture.
Demand is also influenced by the cyclical fluctuations in new building activity, growth in household incomes, household consumption patterns and new household formation. The industry is characterised by its many small- to medium-scale operators and there is little scope for the emergence of a major player, which could stimulate a faster pace of industry expansion... purchase to read more