The Wooden Furniture and Upholstered Seat Manufacturing industry is the largest segment within the local furniture-manufacturing market, accounting for approximately 60% of local furniture production (excluding mattresses). The long-term pace of industry expansion is expected to be contained by low-cost import competition and substitution by non-wooden furniture products, notably steel, extruded plastic and glass-based products.
Industry revenue is forecast to total $5.44 billion in 2011-12, down 2.5% from the previous year. Industry value added will be $1.77 billion, or about 0.2% of Australia's GDP.
Companies in this industry manufacture furniture out of wood, complete upholstered seating with wooden or metal frames, and re-upholster or French polish furniture. The manufacture of upholstered seats for transport equipment is also included in this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.