Australia Furniture Market (2020-2026) | Companies, Share, Size, Industry, Revenue, Outlook, Forecast, Analysis, Growth, Trends, Value & COVID-19 IMPACT

australia furniture market Synopsis

The Australia furniture market is expected to reach a value of USD 5.9 billion in 2020 and is forecast to grow at a CAGR of 5.5% during the period from 2021-2026. The growth in this industry can be attributed to increasing consumer demand, prevalence of online shopping, expanding middle class population and rising disposable income levels across Australia.

Some of the key factors driving the growth in the Australia furniture market include an increase in urbanization, growing penetration of organized retail stores, rapid industrialization as well as innovation with regards to product design and technology. Furthermore, changing lifestyle trends among people have propelled them towards purchasing more luxury or designer type pieces which has resulted into further boost for this sector?s revenues over coming years.

In terms of material type used for making furniture products, wood held a dominant share owing to its natural beauty coupled with affordable prices compared to metal or plastic made items; however other materials such as metal & alloy are also being increasingly adopted by manufacturers due its durability aspect along with cost effectiveness which eventually enhances their profit margins. Moreover on basis geographical region wise performance Queensland accounted for majority revenue generation since it houses some renowned international furniture companies that cater strong customer base all around Australia`s eastern coastlines.

Key Highlights of the Report:

• Australia Furniture Market Outlook
• Market Size of Australia Furniture Market, 2019
• Forecast of Australia Furniture Market, 2026
• Historical Data and Forecast of Australia Furniture Revenues & Volume for the Period 2016 - 2026
• Australia Furniture Market Trend Evolution
• Australia Furniture Market Drivers and Challenges
• Australia Furniture Price Trends
• Australia Furniture Porter's Five Forces
• Australia Furniture Industry Life Cycle
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Material Types for the Period 2016 - 2026
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Plastic for the Period 2016 - 2026
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Wood for the Period 2016 - 2026
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Metal for the Period 2016 - 2026
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Other for the Period 2016 - 2026
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Residential for the Period 2016 - 2026
• Historical Data and Forecast of Australia Furniture Market Revenues & Volume By Commercial for the Period 2016 - 2026
• Australia Furniture Import Export Trade Statistics
• Market Opportunity Assessment By Material Types
• Market Opportunity Assessment By Applications
• Australia Furniture Top Companies Market Share
• Australia Furniture Competitive Benchmarking By Technical and Operational Parameters
• Australia Furniture Company Profiles
• Australia Furniture Key Strategic Recommendations