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 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 indicates the relative importance of each input per dollar in industry revenue (unit of output). Industry wage costs total an estimated 25.0% of revenue and depreciation charges total 2.3% of annual industry revenue, which indicates the industry allocates $10.87 on labour supply for every $1.00 spent on capital equipment... purchase to read more