Over the five years through 2022-23, carpet and textile floor covering manufacturers have experienced falling demand alongside declining enterprise and low employment numbers. Dwelling commencements and residential construction markets are key downstream markets. Both of these factors have performed poorly, reducing revenue. Further downward pressure on revenue has been the threat of low-cost import penetration and competition from substitutes like ceramic tiles and wooden floorboards. Despite imports stealing market share through cheap, mass-produced homogenous products, domestic manufacturers have moved to produce bespoke and custom rugs. These premium items have allowed operators to expand market share, partially offsetting revenue declines. Minor demand growth for multi-unit apartments and townhouses in 2022-23 is also aiding revenue, driving retail sales for carpet rugs and tiling. Revenue is projected to decline at an annualised 4.9% over the five years through 2022-23 to an estimated $763.1 million. This trend includes an estimated fall of 3.8% in 2022-23 due to plummeting demand from commercial, industrial and institutional building construction. However, a projected decline in wool prices over the past five years has made wool carpets more competitively priced in the market, limiting demand falls. Operators manufacture carpets, rugs or other textile floor coverings. The industry also includes companies that manufacture felt or felt products (except clothing), mats or matting of jute or twisted rags.Uncovered: Falling dwelling commencements and residential construction are reducing revenue
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Beaulieu of Australia Pty Ltd
- Victoria Carpet Company Pty Ltd
- Premium Floors Australia Pty Limited
- Quest Flooring Pty Ltd
Methodology
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