Although times have been particularly hard on the furniture industry this is set to turn around in 2015/2016. There is no denying that the market has been unstable these last couple of years, but industry revenue is expected to grow 1.4%.
The last couple years haven’t just been tough on the furniture industry though, it has affected nearly every single industry across the globe. Even though the annual pay has risen in the last couple of years, consumers are still feeling the weight of household debts rising and the unstable economy still not being completely back to the way it was. 2015 seems to be the year things are looking up for the furniture industry with $8 billion in revenue, 4,538 businesses running, and 25,996 employees working, this is all without counting the market size, promising future outlooks and trends, and market shares.
There are many factors to take into account when it comes to furniture sales across Australia, this includes online shopping that has become so popular for its secure payments and door delivery. Another factor includes switching from manufacturing to importing, which has increased the variety of indoor and outdoor furniture Australia suppliers offer including, sofas, beds, surfaces, couches, tables and more. If 2015 is any indication, it certainly proves that the furniture industry, even in economic crisis, is an industry that remains strong and will continue to do so for a very long time.