Overview

Unravelling: Intense import competition contributes to falling revenue and exits

IBISWorld’s Wicker and Fibreglass Furniture Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$306m
Annual Growth
2012 - 2017
-1.1%
Annual Growth
2017 - 2022
Profit
Employment
1,450
Business
233

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

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    Industry Analysis & Industry Trends

    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%...

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    Industry Report - Industry Investment Chapter

    The Wicker and Fibreglass Furniture Manufacturing industry displays a low level of capital intensity. In 2016-17, for every dollar spent as wages, an estimated $0.10 is invested in capital. Capital intensity has remained low over the past five years. Many industry products are manufactured using traditional craft techniques, particularly wicker furniture that is made from cane and rattan. These traditional craft skills require highly trained and skilled staff. This is especially relevant for firms who target niche markets, such as crafts enthusiasts.

    Firms also require some capital equipment to process raw materials and work with component parts. Mos..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Wicker and Fibreglass Furniture Manufacturing Industry
    Includes:
  • 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
    Jargon & Glossary
    Cane
  • 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.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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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