Out of fashion: Falling demand from retailers has reduced current-year industry revenue

Revenue for the Wicker and Fibreglass Furniture Manufacturing industry has fluctuated significantly over the past five years, but has grown overall. Revenue is expected to increase at an annualised 2.4% over the five years through 2018-19, to $333.0 million. Over the period, industry operators have contended with substantial price competition from lower cost wicker and fibreglass products made overseas. Strong competition from furniture made from wood, plastic and steel has also slowed revenue growth. Combined with largely negative consumer sentiment over the past five years, these trends have slowed growth in demand for industry products...read more.

Industry Statistics & Market Size
Revenue
$333m
Annual Growth 14-19
2.4%
Forecast Growth 19-24
Profit
Employment
1,421
Businesses
263
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has faced competition from low-cost imports and furniture made from substitute materials
  • Imports have satisfied an increasing share of domestic demand over the past five years
  • The Australian dollar is forecast to appreciate, increasing import competition
  • Industry Report - Industry Analysis Chapter

    Revenue for the Wicker and Fibreglass Furniture Manufacturing industry has grown over the past five years, despite fluctuations due to rising competition from imports. Small-scale manufacturers of cane and rattan wicker furniture make up a large portion of the industry. These enterprises are typically labour-intensive, and use traditional craft skills that do not require large capital investment in equipment and machinery. These firms have been greatly affected by growing foreign imports, as overseas manufacturers tend to have lower labour costs and greater economies of scale, allowing them to undercut domestic firms. However, rising household consumption expenditure and increased building construction have helped offset this trend...purchase to read more.

    Additional Insights for the Wicker and Fibreglass Furniture Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Wicker and Fibreglass Furniture Manufacturing are:

  • Production of premium goods/services
  • 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 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
  • 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
  • Downstream manufacturers
  • Wholesalers and retailers
  • 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
  • Wages
  • Purchases
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Wicker and Fibreglass Furniture Manufacturing

  • Basis of 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
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Flat Pack Furniture
  • Furniture that is sold to consumers unassembled.
  • 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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging 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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