Industry Analysis & Industry Trends
The Metal Furniture Manufacturing industry sells metal furniture used in offices and other business premises, for complex storage systems, for specialist institutional applications (e.g. in hospitals, prisons, schools) and, to a lesser extent, for domestic purposes. Over the five years through 2014-15, the industry is expected to decline by an annualised 4.9%. It currently generates revenue totalling $705.0 million, up by 2.0% on 2013-14. This poor performance principally reflects the loss of the domestic market to imported furniture products. It also reflects the adverse demand conditions in the key building markets over the past five years, particularly the declining demand in the non-residential building market... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the declining phase of its life cycle. The demand for metal furniture products is largely determined by trends in domestic business investment and activity in the non-residential building market, however the industry is exposed to substantial competition from low priced imports and ongoing substitution by alternative products made of PVC and composites.
Over the long term, growth in demand is expected to lag behind the Australian economy, although the erratic investment conditions in the non-residential building market since the late 2000s has exaggerated this trend... purchase to read more