Fraying: Intensifying price competition has negatively affected industry revenue

Firms in the Cut and Sewn Textile Product Manufacturing industry manufacture a range of household and commercial textile goods, including curtains and blinds, awnings, linen, sails, tarpaulins, tents, towels and other textile products. Industry operators have experienced difficult trading conditions over the past five years, as new free trade agreements signed over the period and tariff reductions on textile products in 2015 brought a surge of low-cost imports to the domestic market. Imports have increased steadily as a share of domestic demand over the period, taking market share from local manufacturers and forcing many to exit the industry. Industry revenue is expected to decline at an annualised 0.1% over the five years through 2018-19, to total $2.02 billion...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
-0.1%
Forecast Growth 19-24
Profit
Employment
8,395
Businesses
1,639
Market Share of Companies

Industry Threats & Opportunities

  • Industry firms have increasingly offshored their manufacturing operations
  • Several larger companies have shifted some or all of their local manufacturing operations offshore
  • Skilled-labour shortages and inadequate industry investment may impede growth
  • Industry Report - Industry Locations Chapter

    Industry establishments are situated in both metropolitan and regional areas throughout Australia, and largely correlate with the distribution of the population. As a result, the majority of industry establishments are skewed towards major metropolitan areas. Industry manufacturers and revenue tend to be concentrated in the three most populous states, New South Wales, Victoria and Queensland. These states are expected to account for almost 80% of industry enterprises in the current year. Operators in these states tend to have better access to large consumer markets and downstream user industries, which can help reduce distribution and transportation costs for industry participants.The industry’s enterprise distribution also reflects historical trends. Tra...purchase to read more.

    Additional Insights for the Cut and Sewn Textile Product Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Cut and Sewn Textile Product Manufacturing are:

  • Having contacts within key markets
  • Automation - reduces costs, particularly those associated with labour
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Value of merchandise trade imports and Demand from textile product wholesaling in the Cut and Sewn Textile Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Cut and Sewn Textile Product Manufacturing Industry?

    Industry firms primarily manufacture household textile goods (except apparel), such as bed linen, curtains, towels and pillows. Industry operators also manufacture blinds, tents, awnings, sails and tarpaulins, and other goods produced from natural or synthetic fibres. These products can be manufactured from purchased cut and sewn materials, or from fabrics, fibres and materials woven and manufactured at the same facility.

    Industry Products
  • Indoor textile furnishing articles
  • Textile tarpaulins, sails and tents
  • Textile blinds and awnings
  • Towels and cloths
  • Other textile products
  • Industry Activities
  • Cotton, woollen, synthetic fibre and textile furnishing
  • Bed linen, towel, mattress protector, cushion, pillow and other household textile goods
  • Textile curtain, awning, shades and blinds (including plastic coated)
  • Canvas, hose, parachute, sail, sleeping bag and tent (except oxygen tents or toy tents)
  • Bag and sack, textile or canvas,
  • Flag and banner
  • Animal blanket, cover and rug
  • Life jacket
  • Motor vehicle cover and seat cover (except sheepskin), textile,
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of merchandise trade imports
  • Demand from textile product wholesaling
  • Dwelling commencements
  • Import duties on apparel manufacturing
  • Real household discretionary income
  • Demand from sport and camping equipment retailing

  • Current Performance
  • Mixed operating conditions
  • Profit
  • International trade
  • Industry issues
  • Chart: Revenue Growth

  • Industry Outlook
  • Participation and profit
  • International trade
  • Future developments and conditions
  • Table: Cut and Sewn Textile Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cut and Sewn Textile Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Textile Product Wholesaling
  • Department Stores
  • Manchester Retailing

  • Key Selling Industries
  • Synthetic and Natural Textile Manufacturing
  • Textile Product Wholesaling

  • Products & Services
  • Indoor textile furnishing articles
  • Textile blinds and awnings
  • Other textile products
  • Textile tarpaulins, sails and tents
  • Towels and cloths
  • Chart: Cut and Sewn Textile Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Furniture and blind manufacturers
  • Textile product manufacturers
  • Other markets
  • Wholesalers
  • Exports
  • Chart: Major Market Segmentation for the Cut and Sewn Textile Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Cut and Sewn Textile Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cut and Sewn Textile Product Manufacturing Industry

  • Industry Globalization
    Hunter Douglas Holdings Limited,
  • Table: Hunter Douglas Holdings Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cut and Sewn Textile Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cut and Sewn Textile Product Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Offshoring
  • The transfer of manufacturing operations to another country, regardless of whether the work is outsourced or stays within the company.
  • Outsourcing
  • A subcontracting process where manufacturing is conducted by a third-party company either locally or internationally.
  • Tcf Industries
  • Textile, clothing and footwear industries.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Cut and Sewn Textile Product Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Cut and Sewn Textile Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cut and Sewn Textile Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cut and Sewn Textile Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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