$335.1m
$XX.Xm
1,237
295
$XX.Xm
A turbulent economy has weakened the Wicker and Fibreglass Furniture Manufacturing industry. Revenue is anticipated to weaken at an annualised 3.8% through the end of 2023-24, to $335.1 million. Manufacturers have faced fierce competition from less costly imported furniture. Intense external competition from wooden, plastic and steel furniture has also hindered their growth. A slowdown in building construction activity has reduced sales to construction and commercial sectors. This is contributing to a 2.6% drop in revenue expected for 2023-24.
Industry revenue has declined at a CAGR of 3.8 % over the past five years, to reach an estimated $335.1m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Naturally Cane Pty Ltd | 6.8 | |
Shelta Australia | 6.8 | |
Master Glass Industries Pty Ltd | 5.4 |
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Industry revenue is measured across several distinct product and services lines, including Assembled wicker furniture, Unassembled wicker furniture and parts and Fibreglass furniture and parts. Assembled wicker furniture is the largest segment of the Wicker and Fibreglass Furniture Manufacturing in Australia.
Flat pack furniture’s popularity has elevated unassembled wicker products' sales
Industry manufacturers produce furniture or furniture parts from materials like cane, bamboo, rattan and fibreglass. This industry excludes manufacturers that produce furniture mainly made from wood, plastic or metal.
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ANZSIC 2519 - Wicker and Fibreglass Furniture Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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New South Wales, Victoria and Queensland host most of the industry’s manufacturers. The most populated states give manufacturers convenient access to downstream markets essen...
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.
Industry products come in a range of styles to suit different customers. Successful manufacturers have differentiated themselves through higher quality or specialised product...
Learn about the performance of the top companies in the industry.
The Wicker and Fibreglass Furniture Manufacturing industry has no major players. Numerous small manufacturers compete in niche markets, making this industry fragmented.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
A drop in building construction activity has reduced new furniture sales. Manufacturers benefit from new building construction as consumers often need to buy new furniture fo...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industry profitability has been volatile amid a turbulent economy. Profitability jumped temporarily, reflecting a furniture boom during the pandemic, yet reduced sales from b...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Wicker and Fibreglass Furniture Manufacturing industry in Australia is $335.1m in 2024.
There are 295 businesses in the Wicker and Fibreglass Furniture Manufacturing industry in Australia, which has declined at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Wicker and Fibreglass Furniture Manufacturing industry in Australia has been declining at a CAGR of 3.8 % between 2019 and 2024.
Over the next five years, the Wicker and Fibreglass Furniture Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Wicker and Fibreglass Furniture Manufacturing market in Australia are Naturally Cane Pty Ltd, Shelta Australia and Master Glass Industries Pty Ltd
Wicker furniture manufacturing and Bamboo furniture manufacturing are part of the Wicker and Fibreglass Furniture Manufacturing industry.
The company holding the most market share in Australia is Naturally Cane Pty Ltd.
The level of competition is high and increasing in the Wicker and Fibreglass Furniture Manufacturing industry in Australia.