Overview

Floored: Industry revenue falls due to import penetration and product substitution

IBISWorld’s Carpet and Textile Floor Covering Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Manufacturers will likely focus on specialised, export-oriented, and higher value-added carpets
  • High product substitution and import penetration have negatively affected margins over the period
  • Demand for better, lower priced carpeting will force industry firms to differentiate their products

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    Industry Analysis & Industry Trends

    The Carpet and Textile Floor Covering Manufacturing industry has contracted over the past five years. The industry has been characterised by falling revenue during most of the five-year period, fewer establishments, lower employment, rising competition from countries with lower production costs, and greater competition from substitute floorings. However, higher demand from the housing construction sector, particularly from multi-unit apartment and townhouse construction, has limited industry revenue falls over the period. Carpet output volumes are projected to decrease at a slower rate than industry revenue over the five years through 2016-17...

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    Industry Report - Industry Locations Chapter

    Carpet manufacturing plants are situated in both metropolitan and regional areas throughout Australia. Although the industry's activities are spread across Australia, manufacturers tend to be concentrated in Victoria, which is estimated to account for 45.2% of industry establishments in 2016-17, and 48.3% of industry revenue. The industry also has a considerable presence in New South Wales and Queensland, with these states combined making up for 40.8% of industry establishments in 2016-17. These distributions also reflect historical trends within the industry and textile manufacturing sector. Traditionally, establishment decisions have been partly driven by proximity to consumer markets. The dominance of Victoria is also largely explained by the state's well-established textile markets.

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    Additional Insights for the Carpet and Textile Floor Covering Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Carpet and Textile Floor Covering Manufacturing Industry are

  • Production of goods currently favoured by the market
  • Having marketing expertise
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Dwelling commencements and Trade-weighted index in the Carpet and Textile Floor Covering Manufacturing industry impact industry performance..

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    Industry Products

    What is the Carpet and Textile Floor Covering Manufacturing Industry?

    Industry operators manufacture carpets, rugs or other textile floor coverings. The industry also includes companies that manufacture felt or felt products (except clothing), mats or matting of jute or twisted rags.

    Industry Products
    Other carpet and related products
    Heavy-duty tufted carpet
    Medium-duty tufted carpet
    Modular carpet
    Industry Activities
    Carpet
    Carpet tile
    Textile floor covering
    Textile floor rug
    Synthetic grass
    Hard fibre matting (sisal, coir and grass mats)
    Jute matting

    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
  • Dwelling commencements
  • Trade-weighted index
  • Demand from commercial and industrial building construction
  • Demand from multi-unit apartment and townhouse construction
  • Domestic price of wool
  • Demand from institutional building construction

  • Current Performance
  • Falling revenue

    and profit

  • Restructuring trends
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue declines
  • Forecast growth and trends
  • Additional industry threats
  • Table: Carpet and Textile Floor Covering Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Carpet and Textile Floor Covering Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Furniture and Floor Covering Wholesaling
  • Department Stores
  • Furniture Retailing
  • Floor Coverings Retailing

  • Key Selling Industries
  • Mining and Industrial Machinery Wholesaling
  • Synthetic and Natural Textile Manufacturing

  • Products & Services
  • Heavy-duty tufted carpet
  • Medium-duty tufted carpet
  • Modular carpet
  • Other carpet and related products
  • Chart: Carpet and Textile Floor Covering Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential housing market
  • Non-residential building market
  • Manufacturing and other industries
  • Export markets
  • Chart: Major Market Segmentation for the Carpet and Textile Floor Covering 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
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Carpet and Textile Floor Covering Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Carpet and Textile Floor Covering Manufacturing Industry

  • Industry Globalization
    Major Companies
    Godfrey Hirst Australia Pty LtdVictoria Carpet Company Pty LtdQuest Carpet Manufacturers Pty LtdBeaulieu of Australia Pty Ltd
  • Table: Godfrey Hirst Australia Pty Ltd - financial performance
  • Table: Victoria Carpet Company Pty Ltd - financial performance
  • Table: Quest Carpet Manufacturers Pty Ltd - financial performance
  • Table: Beaulieu of Australia Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Carpet and Textile Floor Covering 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 Carpet and Textile Floor Covering 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
    Broadloom
  • Standard carpet widths manufactured in continuous rolls. These are usually 3.66 or 4.0 metres wide, but can be 2.0 metres wide for the healthcare sector, and other widths for special purposes.
  • Coir Mats
  • Extracted from coconut husks and used to manufacture mats, doormats and brushes.
  • Cut Pile Carpet
  • Tufted carpet with the loops cut.
  • Jute Matting
  • Organic geotextile used for weed and erosion control.
  • Tufted Carpet
  • Carpet produced by a tufting machine that sews or punches yarn through a backing material to make a loop. Most carpet manufactured in Australia is broadloom.
  • Woven Carpet
  • Produced on a loom, woven carpet is more expensive and labour intensive to manufacture, and can incorporate detailed patterns and colours.
  • 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 Carpet and Textile Floor Covering 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 Carpet and Textile Floor Covering 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 Carpet and Textile Floor Covering Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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