Overview

Don't get too comfy: Import penetration will rise as tariffs are removed, causing industry exits

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.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth
2013 - 2018
0.7%
Annual Growth
2018 - 2023
Profit
Employment
15,451
Business
3,351

Industry Threats & Opportunities

  • The industry is facing increasing import penetration despite a weaker Australian dollar
  • Increasing use of foreign-sourced inputs has decreased costs
  • Growth in furniture demand will be supported by positive trends in household and business spending

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    Industry Analysis & Industry Trends

    The Wooden Furniture and Upholstered Seat Manufacturing industry has grown slowly over the past five years. The industry has struggled to protect its 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. Consequently, industry revenue is expected to grow at an annualised 0.7% over the five years through 2017-18, to reach $2.55 billion.

    Import penetration in the industry has increased strongly over the past five years, despite a weaker Australian dollar over the period...

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    Industry Report - Industry Products Chapter

    Aside from price and quality segmentation, furniture products 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.

    Upholstered wooden furniture

    Upholstered furniture accounts for the largest portion of industry revenue and includes lounge, kitchen, dining, office, and bedroom furniture. Competition from imports is partly restricted in the upholstered furniture segment due to the bulky nature of products and the long turnaround time for manufacturing products to customer specifications. How..

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    Additional Insights for the Wooden Furniture and Upholstered Seat Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wooden Furniture and Upholstered Seat Manufacturing Industry are

  • Joint marketing and 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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    Industry Products

    What is the Wooden Furniture and Upholstered Seat Manufacturing Industry?

    Companies in the industry manufacture wood furniture (except built-in units). Industry firms also upholster seating with wooden or metal frames, and upholster wooden furniture. The manufacture of upholstered seats 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

    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 furniture retailing
  • Real household discretionary income
  • Trade-weighted index
  • Consumer sentiment index
  • Number of households

  • Current Performance
  • Import penetration
  • Improved consumption
  • Profit and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Import competition
  • Cost cutting
  • 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

  • Products & Markets
    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
  • Upholstered wooden furniture
  • Non-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
  • Wholesalers
  • Commercial and institutional customers
  • 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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • 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
    Major Companies
    Schiavello Group Pty Ltd
  • Table: Schiavello Group Pty Ltd - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Wooden Furniture and Upholstered Seat Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Carcass
  • The body (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.
  • 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 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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