There have been many changes to the furniture market these lase couple of years which have made things tough. The 1.4% growth in revenue has been virtually nonexistent because of the unstable global economy which affected nearly every industry and the annual turnovers each trade would make.

The demand for furniture supplies has definitely been put on a hold thanks to this unstable economic period and growing household debts, meaning big and small furniture businesses have suffered greatly. The industry, however, is about to change for the better as the Australian Department of Industry recently made a few suggestions on how furniture manufacturers should work to improve and stabilize the economy. This included manufactures collaborating with each other to increase the efficiency of operations, focusing on the export markets, developing new technology for all aspects of the industry, using online marketing to reach out to new clients, switching to lower cost manufacturing countries, and by focusing on a high quality standard.

In the last few months alone, the results have been clear with the furniture industry making a total of $8 billion in revenue, selling indoor and outdoor furnitures continuously, running 4,538 businesses, and providing a job for over 25,996 people alone. It has been expected that the furniture industry along with many other industries that may have suffered will continue to rise at impressive rates and the economy will continue to stabilize well into 2016 and further into the future.

Nightstands bedside tables

Intro into Choosing the Ideal Nightstands and Bedside Tables for Your Bedroom

small-bathroom

Intro Into Keeping Your Small Bathroom Away From the Brink of Clutter

led lighting australia

Few Reasons Why Led Lighting Deserves All the Hype

king single mattress

The ‘just right’ King Single Mattress can ensure you get a good night’s sleep

Industrial Style

Industrial Style & Furniture: Get A Closer Look

Online Plants Melbourne

Brighten Your Home With Plants and Embrace the Jungalow Trend

Rustic Wood Console Table

Wood Console Table: A Great Way to Practice the Art of Decor Wisdom

Armchairs

Armchair: The Just-right Accessory to Give a Room Splash and Dash

single bed mattress

Introducing Single Mattresses as a Great Option for Yourself and Your Guests

modern curtains

Here is the Lowdown on Everything so You Can Invest in Modern Curtains Like a Pro