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Carpet and Textile Floor Covering Manufacturing in Australia - Industry Market Research Report

Publisher IBISWorld
Published May 01, 2024
Length 80 Pages
SKU # IBSS18859612

Description

Carpet and Textile Floor Covering Manufacturing in Australia - Industry Market Research Report


Carpet and Textile Floor Covering Manufacturing in Australia

Over the five years through 2022-23, carpet and textile floor covering manufacturers have experienced falling demand alongside declining enterprise and low employment numbers. Dwelling commencements and residential construction markets are key downstream markets. Both of these factors have performed poorly, reducing revenue. Further downward pressure on revenue has been the threat of low-cost import penetration and competition from substitutes like ceramic tiles and wooden floorboards. Despite imports stealing market share through cheap, mass-produced homogenous products, domestic manufacturers have moved to produce bespoke and custom rugs. These premium items have allowed operators to expand market share, partially offsetting revenue declines. Minor demand growth for multi-unit apartments and townhouses in 2022-23 is also aiding revenue, driving retail sales for carpet rugs and tiling. Revenue is projected to decline at an annualised 4.9% over the five years through 2022-23 to an estimated $763.1 million. This trend includes an estimated fall of 3.8% in 2022-23 due to plummeting demand from commercial, industrial and institutional building construction. However, a projected decline in wool prices over the past five years has made wool carpets more competitively priced in the market, limiting demand falls.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

80 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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