Dublin, April 03, 2023 (GLOBE NEWSWIRE) -- The "Manufacture of Furniture in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.
This report on the manufacture of furniture in South Africa provides information on how the sector has benefitted from an increasing reliance on local manufacture, key trends and challenges, notable players and industry developments.
South Africa's furniture manufacturing sector is expected to experience a difficult 2023 as demand for furniture slows and consumers come under increasing pressure from high interest rates and a slowing economy.
The industry faces a number of challenges including load-shedding, skills shortages and a lack of raw materials, which are driving up input costs. Industry role players said the industry has been experiencing a slowdown since the beginning of 2022 following a "mini-boom" after the lifting of some pandemic restrictions from June 2020.
There are profiles of 22 companies including major players such as Bidvest Branded Products, Bravo, Fair Discounters and KAP, office furniture companies such as Barker Street and Ukhuni Business Furniture , bed companies such as Buraaq, Quality Bedding and Truform.
Key Trends and issues
Retailers have shifted to procuring more locally-manufactured furniture following the high costs of shipping and ports delays. There is an increasing trend to design flat-pack furniture and home office furniture.
Local and global logistics challenges are driving up the cost of importing furniture, which favours local production, although raw material prices have risen significantly as it has become more expensive to source certain inputs.
Sustainable furniture made from recycled plastic or reused wood is growing in importance. Sales of office furniture have been affected by more employees working from home.
Exports
Exports of cabinets, beds, shelves and tables grew strongly in 2022. Mattresses, upholstered seats and bedroom furniture are the three furniture categories where exports have grown the fastest. The majority of South Africa's furniture exports go to the Southern African Development Community.
Key Topics Covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Key Issues
3.4. Notable Players
3.5. Trade
3.6. Corporate Actions
3.7. Regulations
3.8. Enterprise Development and Social Development
4. AFRICA
5. INTERNATIONAL
6. INFLUENCING FACTORS
6.1. Economic Environment
6.2. Labour
6.3. Environmental Issues
6.4. Technology, R&D, Innovation
6.5. Government Support
6.6. Input Costs
6.7. Furniture Imports and Nearshoring
7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry
8. SWOT ANALYSIS
9. OUTLOOK
10. INDUSTRY ASSOCIATIONS
11. REFERENCES
11.1. Publications
11.2. Websites
COMPANY PROFILES
- Angel Shack Trading and Investments (Pty) Ltd
- Barker Street Office Furniture (Pty) Ltd
- Bidvest Branded Products Holdings (Pty) Ltd
- Bravo Group Manufacturing (Pty) Ltd
- Brothers Beds and Bedding CC
- Buraaq Beds CC
- City Office (Pty) Ltd
- Fair Discounters (Pty) Ltd
- Fechters Furniture Manufacturers (Pty) Ltd
- Geo Cloud (Pty) Ltd
- KAP Industrial Holdings Ltd
- Kiran Sales (Pty) Ltd
- OfficeScene (Pty) Ltd
- Quality Bedding (Pty) Ltd
- Simmons SA (Pty) Ltd
- Strandfoam Group (Pty) Ltd
- Sweet Sensation 210 (Pty) Ltd
- SwissMate Manufacturing CC
- Tapestry Home Brands (Pty) Ltd
- Truform Bedding (Pty) Ltd
- Ukhuni Business Furniture (Pty) Ltd
- Upholster All (Pty) Ltd
For more information about this report visit https://www.researchandmarkets.com/r/g5homx
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