INDUSTRY REPORTS PUBLICATIONS DATA FEED SERVICES WOWEB CONTACT US
Item added to your cart
Manufacture of Furniture
BY Alex Conradie
South Africa
23 August 2018
R 6 960.00 (ZAR)  
estimated $ 457.79 (USD) *
Buy Now

Industry Contribution to the Economy


South African manufacturing sales of furniture at current prices amounted to R16.2bn in 2017, 6.6% higher than in 2016. A total of 2,200 registered companies in the furniture manufacturing sector, employing 26,400 people, contribute about 1% to manufacturing GDP and 1.1% to manufacturing employment. During 2017 South Africa was Africa’s second-largest furniture exporter, with exports reaching R3.9bn.


Challenges


A shortage of higher-skilled workers, rising production costs, and poor domestic demand are affecting the performance of local furniture manufacturers. The cost of labour, electricity, raw materials and transportation continue to shrink operating margins and make it difficult for them to compete in local and international markets. The industry is also negatively affected by declining investment in capital equipment, insufficient research and development, and little design improvement or new product development. Imported furniture is often cheaper than what is manufactured locally, and furniture imports grew 6.2% to R6.9bn during 2017. South African furniture manufacturers are also facing competition from Chinese furniture in their important export markets in Africa. With about 80% of the companies in the furniture manufacturing sector classified as micro enterprises, these challenges impose significant pressure on the bulk of players in the industry.


Report Coverage


The Manufacture of Furniture in South Africa evaluates the domestic industry, government attempts to stimulate local manufacture and factors influencing the sector’s success. It profiles 27 companies including vertically integrated players Bravo Group Manufacturing, Africa’s largest mattress and furniture manufacturer, and KAP Industrial Holdings, and the effect on KAP of the Steinhoff International crisis. The report includes comprehensive information on measures implemented by government to support the local furniture manufacturing sector including a furniture market access programme, turnaround solutions programme, rebates and incentive schemes.


Page
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 2
2.2. Geographic Position 4
3. SIZE OF THE INDUSTRY 4
4. STATE OF THE INDUSTRY 5
4.1. Local 5
4.1.1. Corporate Actions 10
4.1.2. Regulations 10
4.1.3. Enterprise Development and Social Economic Development 11
4.2. Continental 12
4.3. International 13
5. INFLUENCING FACTORS 13
5.1. Economic Environment 13
5.2. Rising Input Costs 14
5.3. Government Support 15
5.4. Environmental Concerns 16
5.5. Technology, Research and Development (R&D) and Innovation 17
5.6. Labour 18
5.7. Increase in Imports 19
6. COMPETITION 19
6.1. Barriers to Entry 20
7. SWOT ANALYSIS 20
8. OUTLOOK 21
9. INDUSTRY ASSOCIATIONS 21
10. REFERENCES 22
10.1. Publications 22
10.2. Websites 22
APPENDIX 1 24
Summary of Major Players 24
COMPANY PROFILES 27
ANGEL SHACK TRADING AND INVESTMENTS (PTY) LTD 27
AXZS INDUSTRIES (PTY) LTD 28
BIDVEST GROUP LTD (THE) 30
BRAVO GROUP MANUFACTURING (PTY) LTD 42
BROTHERS BEDS AND BEDDING CC 45
BURAAQ BEDS CC 47
CITY OFFICE CC 49
CORICRAFT GROUP (PTY) LTD 50
DK CHAIRCRAFT CC 53
DK LAMINATES CC 55
DK METALCRAFT CC 57
DK WOODCRAFT CC 59
GEO CLOUD (PTY) LTD 61
KAP INDUSTRIAL HOLDINGS LTD 63
KIRAN SALES (PTY) LTD 68
MOTANI LOUNGE (PTY) LTD 69
OFFICESCENE (PTY) LTD 72
PILOT FURNITURE MANUFACTURERS (PTY) LTD 73
REST ASSURED GROUP (PTY) LTD 75
SIMAX MANUFACTURING (PTY) LTD 77
SIMMONS SA (PTY) LTD 78
STREAMLINE METAL FURNITURE MANUFACTURERS (PTY) LTD 80
SWEET SENSATION 210 (PTY) LTD 82
SWISSMATE MANUFACTURING CC 83
TRUFORM BEDDING (PTY) LTD 84
UKHUNI BUSINESS FURNITURE (PTY) LTD 85
UPHOLSTER ALL (PTY) LTD 88