Consumer Goods Retail in Australia Industry Market Research Report Now Updated by IBISWorld
Along with subdued trading conditions, the Consumer Goods Retail industry will face a challenging market due to uncertainty surrounding future trends in unemployment and interest rates. Retail spending will also be affected by debate over the full effect of the carbon pricing scheme. Results across each of the consumer goods industries will be varied. For these reasons, industry research firm IBISWorld has updated its report on the Consumer Goods Retail industry in Australia.
Melbourne, Australia (PRWEB) September 13, 2012
The Consumer Goods Retail industry faced a mixed market over the five years through 2012-13. Increasing demand for consumer goods in the early part of the period was aided by growth in disposable incomes, low interest rates and declining unemployment. However, the later part of the period has presented a volatile market for operators, characterised by fluctuating income, rising unemployment and unstable consumer sentiment levels, which have affected demand for a range of consumer goods. Overall, revenue is expected to decline by 0.9% per annum over the five years through 2012-13. This includes a decline of 0.6% in 2012-13 to total $123.9 billion.
Along with subdued trading conditions, the Consumer Goods Retail industry will face a challenging market due to uncertainty surrounding future trends in unemployment and interest rates. Retail spending will also be affected by debate over the full effect of the carbon pricing scheme. Results across each of the consumer goods industries will be varied; department stores and footwear retailers are expected to post modest increases in sales, while clothing, toy and game retailers will be achieve stronger growth. Growth across the consumer goods market will be negatively affected by a rise in the number of consumers choosing to shop online due to the vast product range, competitive pricing and lack of GST payable on goods purchased from overseas retailers. Market share concentration is low, but increasing levels of competition, cost pressures and the mature nature of the consumer goods market has heightened concentration levels for retailers over the past five years. The industry´s major players are Wesfarmers Limited, Woolworths Ltd, Harvey Norman Holdings Ltd, Myer Holdings Limited and David Jones Limited.
Revenue across the Consumer Goods Retail industry is forecast to grow over the next five years. Sales growth will be aided by an increase in disposable incomes and a rise in household formation. Consumer goods retailers will continue to face strong competition from online players that stock similar items at competitive prices. The sector will also be influenced by the flow-on effects of the carbon pricing scheme, outcomes of the Productivity Commission’s inquiry into the globalisation of the Australian retail industries, and the increases in the volume of online purchases made by Australian consumers.
For more information, visit IBISWorld´s Consumer Goods Retail report in Australia industry page.
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IBISWorld industry Report Key Topics
Consumer goods retail covers the sale of personal and household items like clothing, furniture, hardware, computer and software, garden and pharmaceutical goods. This report does not include the sale of food, alcohol, motor vehicles nor revenue from cafes, restaurants and takeaway food stores. Retailers purchase stock from domestic or international suppliers, which are either manufacturers or wholesalers. This merchandise is then sold via stores to the public.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognised as the nation´s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/9/prweb9893965.htm