Wicker and Fibreglass Furniture Manufacturing in Australia - Industry Market Research Report
Description
Wicker and Fibreglass Furniture Manufacturing in Australia
Wicker and fibreglass furniture manufacturers have faced challenging conditions over the past few years. Revenue is expected to decline at an annualised 4.4% over the five years through 2022-23, to $308.7 million. Over that period, manufacturers have contended with substantial price competition from less costly imports. Strong competition from wooden, plastic and steel furniture has also slowed revenue growth. Rising interest rates and muted building construction during the COVID-19 pandemic have further weakened demand for industry products, as consumers usually purchase furniture for newly built homes. As a result, industry revenue is anticipated to decline by 3.4% in the current year.
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.
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."
Wicker and fibreglass furniture manufacturers have faced challenging conditions over the past few years. Revenue is expected to decline at an annualised 4.4% over the five years through 2022-23, to $308.7 million. Over that period, manufacturers have contended with substantial price competition from less costly imports. Strong competition from wooden, plastic and steel furniture has also slowed revenue growth. Rising interest rates and muted building construction during the COVID-19 pandemic have further weakened demand for industry products, as consumers usually purchase furniture for newly built homes. As a result, industry revenue is anticipated to decline by 3.4% in the current year.
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.
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
43 Pages
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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