Furniture and Floor Covering Wholesaling in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: February 2024
ANZSIC F3731Revenue
$5.9bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
9,368
Businesses
1,871
Wages
$XXX.Xm
Furniture and Floor Covering Wholesaling in Australia industry analysis
The Furniture and Floor Covering Wholesaling has faced challenging conditions since the COVID-19 outbreak, influenced by wide fluctuations in housing and non-residential building construction and the spike and slump in household discretionary income. Industry revenue is expected to decline at an annualised 1.8% to $5.9 billion over the five years through 2023-24, including an anticipated contraction of 4.1% in the current year. A spike in retail furniture and floor covering sales to a peak in 2021-22, corresponded with COVID-19 stimulus boosting household discretionary income and a jump in housing construction under the Federal HomeBuilder scheme and record-low interest rates. Deteriorating trends in the retail and housing markets in recent years have accompanied a hike in mortgage interest rates, declining household discretionary income and rising inflation.
Trends and Insights
- Wholesale bypass represents an ongoing constraint on the industry’s performance. Retailers and manufacturers are increasingly looking to deal directly and exclude wholesalers from the supply chain to reduce costs.
- Lounge furniture sales fluctuate based on trends in new housing construction. A recent hike in mortgage interest rates is contributing to a slump in new house construction and weaker lounge and dining room furniture sales.
- New South Wales has a high share of wholesaling businesses, reflecting the presence of several major furniture manufacturers. The state's high industry representation also indicates the distribution of products to agents in smaller states.
- Wholesalers mainly compete based on price, but can also differentiate on their range of products and reputation for delivery. Some wholesalers have a competitive advantage by holding exclusive distribution rights for specific brands.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 1.8 % over the past five years, to reach an estimated $5.9bn in 2024.
Trends and Insights
Wholesalers derived stimulus from growth in retail furniture and flooring sales during the pandemic
- The Furniture Retailing industry has faced volatile trading conditions during the pandemic, i8ncluding a surge in 2020-21 corresponding with the boost in household discretionary income from government income support packages.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Growth in non-residential building activity will drive commercial furniture and flooring sales
- Solid investment in non-residential building construction and total employment will continue to underpin commercial furnishing wholesaling. Growth in the market over the next few years will keep supporting commercial-style resilient flooring sales.
Biggest companies in the Furniture and Floor Covering Wholesaling in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Premium Floors Australia | 282.0 | |
James Richardson | 222.3 | |
Officeworks Ltd | 159.0 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Bedroom furniture, Lounge and dining room furniture and Office and other furniture. Bedroom furniture is the largest segment of the Furniture and Floor Covering Wholesaling in Australia.
Trends and Insights
Lounge furniture sales fluctuate with rises and falls in new housing construction
- Sales of lounge and dining room furniture make the largest contribution to industry revenue, but have contracted in response to a recent slump in new house construction following a hike in mortgage interest rates and the end of HomeBuilder stimulus.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Hardware Wholesaling in Australia
Complementors
- Carpet and Textile Floor Covering Manufacturing in Australia
- Wooden Furniture and Upholstered Seat Manufacturing in Australia
- Metal Furniture Manufacturing in Australia
- Mattress Manufacturing in Australia
- Textile Product Wholesaling in Australia
International industries
- Furniture Wholesaling in the US
- Home Furnishing Wholesaling in the US
- Furniture & Furnishings Wholesaling in Canada
- Furniture and Floor Covering Wholesaling in New Zealand
- Furniture, Carpet & Lighting Wholesaling in the UK
Table of Contents
About this industry
Industry definition
Industry operators 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.
What's included in this industry?
Bedroom furniture Lounge and dining room furniture Office and other furnitureCarpetsVinyl and other flooring coveringCompanies
Premium Floors AustraliaJames RichardsonOfficeworks LtdPurchase this report to view all 6 major companies in this industry.
Related Terms
WHOLESALE BYPASSECOMMERCEVERTICALLY INTEGRATEDRADIO-FREQUENCY IDENTIFICATION (RFID)ELECTRONIC DATA INTERCHANGE (EDI)Industry Code
ANZSIC 3731 - Furniture and Floor Covering Wholesaling in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Wholesale bypass represents an ongoing constraint on the industry’s performance. Retailers and manufacturers are increasingly looking to deal directly and exclude wholesalers...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Lounge furniture sales fluctuate based on trends in new housing construction. A recent hike in mortgage interest rates is contributing to a slump in new house construction an...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
New South Wales has a high share of wholesaling businesses, reflecting the presence of several major furniture manufacturers. The state's high industry representation also in...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Wholesalers mainly compete based on price, but can also differentiate on their range of products and reputation for delivery. Some wholesalers have a competitive advantage by...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
There are no significant wholesalers in the industry. The industry has a highly fragmented structure comprising many small-scale wholesaling businesses supplying narrow regio...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Premium Floors Australia's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of James Richardson's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Officeworks Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for Premium Floors Australia, and factors influencing its performance in the industry
- Description and key data for James Richardson, and factors influencing its performance in the industry
- Description and key data for Officeworks Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Households’ capacity to spend on non-essential furniture and flooring products will slump with a current contraction in household discretionary income. Rising interest rates ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Disruptions to the industry's supply chain following the COVID-19 outbreak have driven up purchase costs. Input prices have remained high as supply chain blockages have been ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Furniture and Floor Covering Wholesaling industry in Australia in 2024?
The market size of the Furniture and Floor Covering Wholesaling industry in Australia is $5.9bn in 2024.
How many businesses are there in the Furniture and Floor Covering Wholesaling in Australia industry in 2024?
There are 1,871 businesses in the Furniture and Floor Covering Wholesaling industry in Australia, which has declined at a CAGR of 0.9 % between 2019 and 2024.
Has the Furniture and Floor Covering Wholesaling industry in Australia grown or declined over the past 5 years?
The market size of the Furniture and Floor Covering Wholesaling industry in Australia has been declining at a CAGR of 1.8 % between 2019 and 2024.
What is the forecast growth of the Furniture and Floor Covering Wholesaling industry in Australia over the next 5 years?
Over the next five years, the Furniture and Floor Covering Wholesaling industry in Australia is expected to grow.
What are the biggest companies in the Furniture and Floor Covering Wholesaling market in Australia?
The biggest companies operating in the Furniture and Floor Covering Wholesaling market in Australia are Premium Floors Australia, James Richardson and Officeworks Ltd
What does the Furniture and Floor Covering Wholesaling in Australia include?
Bedroom furniture and Lounge and dining room furniture are part of the Furniture and Floor Covering Wholesaling industry.
Which companies have the highest market share in the Furniture and Floor Covering Wholesaling in Australia?
The company holding the most market share in Australia is Premium Floors Australia.
How competitive is the Furniture and Floor Covering Wholesaling industry in Australia?
The level of competition is high and increasing in the Furniture and Floor Covering Wholesaling industry in Australia.
