SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community
 
| More

TMCNet:  Domestic Appliance Retailing in Australia Industry Market Research Report Now Updated by IBISWorld

[December 06, 2012]

Domestic Appliance Retailing in Australia Industry Market Research Report Now Updated by IBISWorld

Melbourne, Australia, Dec 06, 2012 (PRWeb.com via COMTEX) -- Mounting competition and changes to the retail landscape are expected to create a tough trading environment for the Domestic Appliance Retailing industry over the five years through 2012-13. Industry sales over this period are projected to decline by an annualised 2.0% through 2012-13. According to IBISWorld industry analyst Claudia Burgio-Ficca, "trading conditions have been affected by declines in the average selling price of electrical goods and volatility across the retail market". Industry conditions during this period were also affected by trends in household disposable income, consumer sentiment, interest rates and household formation rates. Industry revenue is forecast to rise by 0.8% to $19.5 billion over 2012-13. Despite solid growth in disposable income and a recovery in the consumer sentiment index, revenue across the domestic appliance industry will be affected by continued price erosion and volatility in the retail market. In the quest for bargains, consumers are expected to continue shopping online for domestic appliances, saving themselves trips to bricks-and-mortar stores. Such tactics will erode the market share of traditional domestic appliance retailers while boosting the volume of sales generated by the online market.



Industry revenue is forecast to rebound over the next five years. Sales will be driven by continued advances in product design and technology. "To this end, key growth areas will include smartphones, e-readers, internet protocol TV (IPTV) and 3-D TVs", adds Burgio-Ficca. However, revenue will continue to be affected by rising interest rates, contractions in consumer sentiment and competition across the industry.

Despite the mature nature of the domestic appliance market, market share concentration has declined for the Domestic Appliance Retailing industry over the past five years owing to the demise of key player. Concentration has been subject to increasing competition over the past five years. Operators have faced challenging trading conditions due to the growing range of domestic appliances sold by competitors. In addition, growth in demand for latest trend items such as 3-D TVs has increased the range of goods on offer and led to strong price-based competition among operators. Sales and profit margins have also been affected by price deflation across a number of categories. Market share concentration levels during this period have also been affected by the continued rationalisation of players including the demise of WOW Sight and Sound and Retravision and the sale of Dick Smith to a private equity group. The major players are Harvey Norman, Muir Electrical, BSR Australia, and JB Hi-Fi.

For more information, visit IBISWorld's Domestic Appliance Retailing report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau IBISWorld industry Report Key Topics Operators in this industry retail a broad range of domestic appliances including; televisions, audio and home theatre goods, kitchen laundry and floor-care products, small appliances and communication products. These products are purchased from manufacturers and wholesalers before being resold to consumers via retail stores.

Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets International Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalisation Major Companies Operating Conditions Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance Key Statistics Industry Data Annual Change Key Ratios 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.

Read the full story at http://www.prweb.com/releases/2012/12/prweb10200553.htm PRWeb.com

[ Back To LatinAmerica.tmcnet.com's Homepage's Homepage ]






Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy