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 Investment Chapter
The relative capital and labour intensity of this industry varies according to the scale of operations and the industry segment in which the firm operates. The relative importance of capital and labour varies across the product spectrum, with the simpler products (desks and filing cabinets) generally being produced by more labour-intensive means than the more complex ones (compactus units).
The ratio of labour costs to capital depreciation is indicative of the relative importance of each input per dollar in industry revenue (unit of output). Industry wage costs total an estimated 21.1% of revenue and depreciation charges total 2.3% of annual industry revenue, which indicates the industry allocates $9.13 on labour supply for every $1.00 spent on capital equipment... purchase to read more