Unravelling: Intense import competition contributes to falling revenue and exits

The Wicker and Fibreglass Furniture Manufacturing industry has performed poorly over the past five years. The industry has struggled to maintain its share of the domestic furniture market due to strong competition from low-cost imports and substitute furniture goods that are made from wood, plastic and steel. In addition, industry demand from building activity and key downstream furniture retailers has been subdued over the period. Building activity influences the industry's performance as consumers need to furnish new houses, and will often use industry products to help achieve this. Industry revenue is expected to decline at an annualised 1.1% over the five years through 2016-17, to $305.5 million. This result includes an anticipated fall of 6.8%...read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has lost out to low-cost imports and furniture made from wood, plastic and steel
  • Imports have satisfied an increasing share of domestic demand over the past five years
  • Increased commercial construction activity is anticipated to drive demand for fibreglass fit-outs
  • Industry Report - Industry Products Chapter

    Industry operators manufacture a range of wicker and fibreglass seats, chairs, tables, outdoor settings and furniture parts. Wicker furniture accounts for the largest share of industry revenue. Wicker furniture is made from natural materials such as cane, bamboo, reed, willow, seagrass, rush and rattan. Rattan refers to over 600 species of palm trees that primarily grow in the tropical regions of Africa, Asia and Australasia. Industry products are provided to downstream markets either fully-assembled or unassembled.Unassembled wicker furniture and partsIndustry operators manufacture wicker furniture that can be assembled after purchase. These products are typically made from rattan, bamboo and willow materials. Una...purchase to read more.

    Additional Insights for the Wicker and Fibreglass Furniture Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wicker and Fibreglass Furniture Manufacturing Industry are

  • Production of premium goods
  • Supply contracts in place for key inputs
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Demand from building construction and Demand from furniture retailing in the Wicker and Fibreglass Furniture Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wicker and Fibreglass Furniture Manufacturing Industry?

    Industry companies manufacture furniture or furniture parts from materials such as cane, bamboo, rattan and fibreglass. The industry excludes firms that manufacture furniture that is mainly made from wood, plastic or metal.

    Industry Products
  • Assembled wicker furniture
  • Unassembled wicker furniture and parts
  • Fibreglass furniture and parts
  • Industry Activities
  • Wicker furniture
  • Bamboo furniture
  • Cane furniture
  • Fibreglass furniture
  • Rattan furniture
  • Furniture part
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from building construction
  • Demand from furniture retailing
  • Household consumption expenditure
  • Government consumption expenditure
  • Number of households

  • Current Performance
  • Revenue and profitability
  • Demand drivers
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand
  • Profitability
  • Trade trends
  • Table: Wicker and Fibreglass Furniture Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wicker and Fibreglass Furniture Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Furniture and Floor Covering Wholesaling
  • Department Stores
  • Furniture Retailing

  • Key Selling Industries
  • Glass and Glass Product Manufacturing
  • Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing
  • Hay and Other Crop Growing
  • Nut, Bolt, Screw and Rivet Manufacturing
  • Steel Pipe and Tube Manufacturing

  • Products & Services
  • Unassembled wicker furniture and parts
  • Assembled wicker furniture
  • Fibreglass furniture and parts
  • Chart: Wicker and Fibreglass Furniture Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers and retailers
  • Downstream manufacturers
  • Commercial and other firms
  • Households
  • Export markets
  • Chart: Major Market Segmentation for the Wicker and Fibreglass Furniture Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Wicker and Fibreglass Furniture Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wicker and Fibreglass Furniture Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wicker and Fibreglass Furniture Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wicker and Fibreglass Furniture Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A natural material produced from the bark of the rattan tree. The strips are cut to uniform width and depth, and used to weave seats, baskets and other furniture.
  • Carcass
  • The body component of a furniture unit, which typically has external doors and benchtops.
  • Jig
  • A custom-made tool that is used to control the location and motion of another tool.
  • Rattan
  • A type of palm tree or vine, which grows in South-East Asia, India and China. The inside of the rattan is cut into reeds and used for wickerwork.
  • Wicker
  • The general term for both natural and man-made materials used in wickerwork, including cane, rattan, seagrass, bamboo and rush.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wicker and Fibreglass Furniture Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Wicker and Fibreglass Furniture Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wicker and Fibreglass Furniture Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wicker and Fibreglass Furniture Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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