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 Products Chapter
The total market for wooden furniture and upholstered seating is divided into three quality segments: upper, middle and lower. These segments are determined by price, quality and design. Demand differs in each segment of the market. 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% of the value of industry production and includes lounge, kitchen, dining and bedroom furniture... purchase to read more