Industry Analysis & Industry Trends
The Metal Furniture Manufacturing industry sells metal furniture used in offices and other business premises for complex storage systems, specialist institutional applications in hospitals and schools, and households. The industry's performance has steadily deteriorated since the late 2000s, reflecting the loss of market share of low-cost imports, the substitution of non-metal furnishings, and the spread of digital technology for storing electronic records. The industry has also been adversely affected by the subdued conditions in the non-residential building market.
The industry has contracted sharply over the five years through 2015-16, with revenue estimated to fall by an annualised 9.0%, while domestic demand remains stable... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low concentration of ownership, with the four largest enterprises generating approximately 12% of annual industry revenue. Although economies of scale exist in sheet metal furniture production, the smaller manufacturers can generally compete by offering non-standard (bespoke) products or services (e.g. custom colouring).
Ownership became steadily concentrated through the 2000s with Dexion acquiring several competitors, including Elite Built, Spacemaster Office Systems, and Godfrey Office Equipment, along with offshore manufacturers in New Zealand and China. GUD Holdings acquired the Dexion assets in late 2010 and has since closed its local manufacturing capacity, preferring to outsource production locally and to foreign manufacturers... purchase to read more