Market Overview

Sheet Metal Furniture Manufacturing in Australia Industry Market Research Report Now Updated by IBISWorld

The poor performance of downstream markets and increasing imports have negatively affected sheet metal furniture manufacturers over the past five years, but conditions are expected to improve. For these reasons, industry research firm IBISWorld has updated its report on the Sheet Metal Furniture Manufacturing industry in Australia.

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.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

Companies in the industry manufacture furniture, storage structures, shelving, or parts of furniture predominantly from sheet metal.

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.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/2/prweb10421364.htm

 

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