Steady growth in imports has been detrimental for local manufacturers
Melbourne, Australia (PRWEB) February 13, 2013
The Sheet Metal Furniture Manufacturing industry’s revenue is expected to decline by an annualised 2.8% over the five years through 2012-13. According to IBISWorld industry analyst Anthony Kelly, “This is mainly due to falling domestic demand for sheet metal furniture, reflecting a declining trend in the downstream non-residential building market”. The industry has been particularly affected by a slump in the value of commercial and industrial building construction in the aftermath of the global financial crisis. The local market has also been exposed to greater import penetration.
The Sheet Metal Furniture Manufacturing industry has a low concentration of ownership, with the two largest companies – GUD Holdings Limited and Arrowcrest Group Pty Ltd – generating only small shares of revenue. “The degree of concentration has trended downwards over the past five years as major companies have restructured their operations and acquired competitors”, says Kelly.
The industry's prospects are forecast to improve with an upswing in commercial and industrial building activity and buoyant growth in household consumption. However, the pace of industry expansion will lag that of the general economy due to the continued loss of market share to imports.
For more information, visit IBISWorld’s Sheet Metal Furniture Manufacturing report in Australia industry page.
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IBISWorld industry Report Key Topics
Companies in the industry manufacture furniture, storage structures, shelving, or parts of furniture predominantly from sheet metal.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.