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Dublin, April 22, 2021 (GLOBE NEWSWIRE) -- The "Manufacture of Furniture in South Africa 2021" report has been added to ResearchAndMarkets.com's offering. South Africa's furniture manufacturing sector includes a number of large, vertically-integrated players, but more than 90% of the companies in the sector are small to medium-sized enterprises. South Africa's tough economic conditions have focused consumer spending on essential items. According to The South African Furniture Initiative, the furniture manufacturing sector has been shrinking for more than two decades, with local demand for furniture declining and exports of furniture dropping significantly. ;The furniture manufacturing industry has been affected by the coronavirus pandemic, low levels of capital investment, competition from cheap imports, inadequate design expertise, insufficient research and development, low consumer expenditure, inadequate investment in skills development and high input costs. Over the past year, companies have adjusted their furniture purchasing as they reduce office space due to the work from home trend and health and safety regulations. There has been increased demand for furniture in the residential market where people are upgrading and creating home office space as they spend more time at home.; Large furniture retailers collectively have a significant share of the local market, giving them huge bargaining power with manufacturers, which leads to lower producer prices, making it difficult for SMEs to compete. South African manufacturers compete with each other for business in a shrinking local market and also compete against international companies in the local and export markets. There are a high level of imports and competition from China in regional export markets. ; This report focuses on the manufacture of furniture in South Africa and includes comprehensive information on the size of the sector, trade statistics, regulation, developments and corporate actions. There are profiles of 23 companies including vertically-integrated players such as Bravo Group Manufacturing, Fair Discounters, and KAP Industrial Holdings, bedding companies such as Brothers Bedding and Buraaq, and office furniture companies such as OfficeScene.Key Topics Covered: 1. Introduction2. Description of the Industry2.1. Industry Value Chain2.2. Geographic Position3. Size of the Industry4. State of the Industry4.1. Local4.1.1. Trade4.1.2. Corporate Actions4.1.3. Regulations4.1.4. Enterprise Development and Social Economic Development4.2. Continental4.3. International5. Influencing Factors5.1. Coronavirus5.2. Economic Environment5.3. Rising Input Costs5.4. Government Incentives and Support5.5. Furniture Imports5.6. Environmental Concerns5.7. Technology, Research and Development (R&D) and Innovation5.8. Labour6. Competition7. SWOT Analysis8. Outlook9. Industry Associations10. References Companies Mentioned Angel Shack Trading and Investments (Pty) LtdBarker Street Office Furniture (Pty) LtdBidvest Branded Products Holdings (Pty) LtdBravo Group Manufacturing (Pty) LtdBrothers Beds and Bedding CCBuraaq Beds CCCity Office (Pty) LtdFair Discounters (Pty) LtdFechters Furniture Manufacturers (Pty) LtdGeo Cloud (Pty) LtdKAP Industrial Holdings LtdKiran Sales (Pty) LtdOfficeScene (Pty) LtdPilot Furniture Manufacturers (Pty) LtdQuality Bedding (Pty) LtdSimmons SA (Pty) LtdStrandfoam Group (Pty) LtdSweet Sensation 210 (Pty) LtdSwissMate Manufacturing CCTapestry Home Brands (Pty) LtdTruform Bedding (Pty) LtdUkhuni Business Furniture (Pty) LtdUpholster All (Pty) Ltd For more information about this report visit https://www.researchandmarkets.com/r/3fw3c About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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