Furniture and Floor Covering Wholesaling in Australia Industry Market Research Report Now Updated by IBISWorld
Melbourne, Australia (PRWEB) August 01, 2013 -- The Furniture and Floor Covering Wholesaling industry in Australia has struggled to make headway over the past five years as several factors have contained sales and trimmed price margins. Retail prices for furniture have been contained by the moderate domestic demand conditions and increased penetration of low-cost imports, and this has squeezed margins for wholesalers. However, the most important factor affecting industry competitors is the growing incidence of wholesale bypass. According to IBISWorld industry analyst Anthony Kelly, “retailers are increasingly dealing directly with manufacturers and importers and squeezing traditional wholesalers out of the furniture supply chain”.
The industry is projected to generate revenue of $4.8 billion in 2013-14, up 1.5% on the previous year due to an upswing in housing investment and some improvement in general economic conditions. Over the five years through 2013-14, industry revenue is projected to grow by an annualised 0.5%, corresponding with subdued growth in real household discretionary income and a contraction in total building construction, which is an indicator of demand for new furniture and floor coverings. “Industry employment is projected to decline by an annualised 1.0% over the five years through 2013-14, with a commensurate decline in the size of the industry to 2,000 enterprises as businesses cease operating due to adverse trading conditions and dwindling profit,” says Kelly.
The Furniture and Floor Covering Wholesaling industry exhibits a low level of concentration. The two most significant industry players are James Richardson Corporation Pty Ltd and Godfrey Hirst Australia Pty Ltd. Sales growth will be driven by a recovery in the performance of downstream retail markets and stronger building activity, despite continued wholesale bypass. Industry sales are projected to rise in 2014-15 as the pace of economic expansion strengthens and demand is boosted by improved trends in household disposable income and consumer sentiment.
For more information, visit IBISWorld’s Furniture and Floor Covering Wholesaling report in Australia industry page.
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IBISWorld industry Report Key Topics
Operators in this industry wholesale blinds, floor coverings, furniture and mattresses. Wholesalers act as the supply link between manufacturers and retailers. The wholesale of ceramic tiles and canvas blinds is excluded from the industry.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios
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.
Gavin Smith, IBISWorld, 310-490-5973, [email protected]
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