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

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.