Industry Analysis & Industry Trends
The Wooden Furniture and Upholstered Seat Manufacturing industry exhibited limited growth over the past five years as it struggled to protect its market share from the influx of low-cost imports and furniture alternatives, such as metal, plastic and glass. Industry revenue is expected to grow at an annualised 0.7% over the five years through 2016-17, to reach $2.6 billion. This includes expected growth of 0.6% in the current year. The appreciation of the Australian dollar in the early part of the period reduced the price of low-cost imports. This reduced the production capacity of local manufacturers. Although the Australian dollar has depreciated from 2013-14 onwards, the industry has not been able to regain the sales lost to imports... purchase to read more
Industry Report - Industry Locations Chapter
Total distribution of industry activity generally corresponds with the distribution of population and economic activity. Manufacturers favour locations close to transport facilities and retailers, to minimise transport costs and time delays; customers and competitors, to better read changes in market trends; a ready supply of skilled labour; and key suppliers of material inputs, such as component parts, leather and textiles.
Victoria has traditionally been an important centre for the industry. The state's relatively high population density and established manufacturing base offer industry participants greater opportunity to obtain economies of scale and sell production either locally or interstate... purchase to read more