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 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.
The industry's long term performance 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