Industry Analysis & Industry Trends
The local Household and Commercial Furniture Manufacturing industry has struggled to fend off competition from low-cost imports, while furniture demand remains weak due to consumer and business concerns about local and global economic prospects. In 2012-13, the industry is expected to employ about 8,000 people in 900 plants, mainly small-scale non-employer establishments. The leading manufacturers include Steinhoff Asia Pacific Holdings, Schiavello Group, G James Australia and Sutcliffe Interiors. The industry has a low concentration of ownership, with the four largest enterprises accounting for less than 10% of annual industry revenue.
In 2012-13, the industry is expected to generate revenue of $3.08 billion, up 3.7%... purchase to read more
Industry Report - Industry Investment Chapter
The relative capital and labour intensity of this industry varies according to the scale of the operations and the industry segment in which the firm operates.
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 currently total about 19% of industry revenue and depreciation charges total about 3.0% of annual industry revenue, which indicates the industry has a labour costs to capital depreciation ratio of about 6:1, consistent with the Manufacturing division and indicating a medium level of capital intensity... purchase to read more