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Wooden Furniture and Upholstered Seat Manufacturing in Australia - Industry Market Research Report

Publisher IBISWorld
Published Jan 10, 2025
Length 76 Pages
SKU # IBSS19492938

Description

Wooden Furniture and Upholstered Seat Manufacturing in Australia - Industry Market Research Report


Wooden Furniture and Upholstered Seat Manufacturing in Australia

The Wooden Furniture and Upholstered Seat Manufacturing industry has contracted over the past five years. Industry operators have struggled to retain market share due to an influx of low-cost imports and furniture made from alternative materials, such as metal, plastic and glass. The effects of the COVID-19 pandemic are also expected to negatively affect demand for industry products. Fluctuating consumer sentiment during the COVID-19 pandemic made some people more reluctant to make large purchases. However, rising discretionary incomes have actually enabled more large purchases over the period, despite the volatility of consumer sentiment. Industry revenue is expected to rise at an annualised 0.5% over the five years through 2022-23, to $3.3 billion. However, industry revenue is anticipated to fall by 4.4% in the current year, as discretionary incomes and demand from furniture retailing decline.

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.

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

76 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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