$5.9bn
$XXX.Xm
9,368
1,871
$XXX.Xm
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.
Industry revenue has declined at a CAGR of 1.8 % over the past five years, to reach an estimated $5.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Premium Floors Australia | 282.0 | |
James Richardson | 222.3 | |
Officeworks Ltd | 159.0 |
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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.
Lounge furniture sales fluctuate with rises and falls in new housing construction
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.
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ANZSIC 3731 - Furniture and Floor Covering Wholesaling 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.
Wholesale bypass represents an ongoing constraint on the industry’s performance. Retailers and manufacturers are increasingly looking to deal directly and exclude wholesalers...
Learn about an industry's products and services, markets and trends in international trade.
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...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
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...
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.
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...
Learn about the performance of the top companies in the industry.
There are no significant wholesalers in the industry. The industry has a highly fragmented structure comprising many small-scale wholesaling businesses supplying narrow regio...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Households’ capacity to spend on non-essential furniture and flooring products will slump with a current contraction in household discretionary income. Rising interest rates ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
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 ...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Furniture and Floor Covering Wholesaling industry in Australia is $5.9bn 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.
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.
Over the next five years, the Furniture and Floor Covering Wholesaling industry in Australia is expected to grow.
The biggest companies operating in the Furniture and Floor Covering Wholesaling market in Australia are Premium Floors Australia, James Richardson and Officeworks Ltd
Bedroom furniture and Lounge and dining room furniture are part of the Furniture and Floor Covering Wholesaling industry.
The company holding the most market share in Australia is Premium Floors Australia.
The level of competition is high and increasing in the Furniture and Floor Covering Wholesaling industry in Australia.