Splintering: Import penetration rises as tariffs decline, leading to volatile revenue

The Wooden Furniture and Upholstered Seat Manufacturing industry has contracted slightly over the past five years. Industry operators have struggled to protect market share from an influx of low-cost imports and furniture made from alternative materials, such as metal, plastic and glass. However, increased building construction activity over the period has supported the industry, as new buildings are generally furnished with new furniture. Given these factors, industry revenue is expected to fall at an annualised 0.2% over the five years through 2019-20, to $2.67 billion.Import penetration in the industry is high and has grown slightly over the past five years, despite a fall in the Australian dollar over the period...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Import penetration has forced some industry operators out of the industry, reducing revenue
  • Profit margins rely on the price of inputs sourced from foreign countries with low production costs
  • Furniture demand is forecast to grow, driven by positive trends in household and business spending
  • Industry Report - Industry Products Chapter

    Aside from price and quality segmentation, furniture products produced in the industry fall into three main categories; upholstered wooden furniture, non-upholstered wooden furniture and upholstered seats for public transport. These products are used for household, office and transport applications. Each segment's size represents its contribution to industry revenue.Non-upholstered wooden furnitureNon-upholstered furniture accounts for the largest share of industry revenue. Products in this segment can vary significantly in value and quality. Products include wooden tables, chairs, shelving, beds, dressers, drawers, and occasional furniture, such as coffee tables. Low...purchase to read more.

    Additional Insights for the Wooden Furniture and Upholstered Seat Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Wooden Furniture and Upholstered Seat Manufacturing are:

  • Membership of joint marketing/distribution operations
  • Effective cost controls
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Demand from furniture retailing and Real household discretionary income in the Wooden Furniture and Upholstered Seat Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wooden Furniture and Upholstered Seat Manufacturing Industry?

    Companies in the industry manufacture furniture made from wood, except built-in units. Industry firms also upholster seating with wooden or metal frames, and upholster wooden furniture. Upholstered seats manufactured for transport equipment is also included in the industry.

    Industry Products
  • Upholstered wooden furniture
  • Non-upholstered wooden furniture
  • Upholstered seats for public transport
  • Industry Activities
  • Wooden bedroom suite
  • Chair (except dental chairs)
  • Wooden dining room and lounge suite furniture
  • Wooden disassembled kitchen furniture
  • Wooden disassembled furniture
  • Lounge suite
  • Wooden office furniture and outdoor furniture
  • Upholstered seat
  • Wooden table
  • Upholstered furniture
  • 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 furniture retailing
  • Real household discretionary income
  • Trade-weighted index
  • Consumer sentiment index
  • Number of households

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Wooden Furniture and Upholstered Seat Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wooden Furniture and Upholstered Seat Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Furniture and Floor Covering Wholesaling
  • Department Stores
  • Furniture Retailing
  • Office Property Operators
  • Industrial and Other Property Operators

  • Key Selling Industries
  • Natural Rubber Product Manufacturing
  • Plastic Foam Product Manufacturing
  • Textile Product Wholesaling
  • Timber Wholesaling

  • Products & Services
  • Non-upholstered wooden furniture
  • Upholstered wooden furniture
  • Upholstered seats for public transport
  • Chart: Wooden Furniture and Upholstered Seat Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Commercial and institutional customers
  • Wholesalers
  • Other markets
  • Export markets
  • Chart: Major Market Segmentation for the Wooden Furniture and Upholstered Seat 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 Wooden Furniture and Upholstered Seat Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wooden Furniture and Upholstered Seat 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 Wooden Furniture and Upholstered Seat 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 Wooden Furniture and Upholstered Seat Manufacturing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The body, or non-visible component of a furniture unit that typically has external doors and benchtops.
  • Medium-Density Fibreboard (Mdf)
  • An engineered wood product often used in furniture making due to its low-cost and flexible finish.
  • Occasional Furniture
  • Furniture used for different purposes. Some examples include coffee tables, hall tables, cabinets and side tables.
  • What Our Customers Say

    Why buy this report?

    The Wooden Furniture and Upholstered Seat Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
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    This report on Wooden Furniture and Upholstered Seat 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 Wooden Furniture and Upholstered Seat 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 Wooden Furniture and Upholstered Seat Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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