Wicker and Fibreglass Furniture Manufacturing in Australia - Industry Market Research Report

Wicker and Fibreglass Furniture Manufacturing in Australia - Industry Market Research Report

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.