Industry Analysis & Industry Trends
Mounting competition and changes to the retail landscape are expected to have created a tough trading environment for domestic appliance retailers over the past five years, with industry revenue projected to decline by an annualised 2.6% through 2012-13. Despite continued advances in product design and technology, industry revenue is estimated to have suffered due to strong price-based competition between operators, progressive declines in the average selling price of some electronic categories and volatility across the retail economy following the collapse of global financial markets and uncertainty across the domestic economy... purchase to read more
Industry Report - Industry Analysis Chapter
Domestic appliance retailers have experienced a tough trading environment over the past five years with industry sales projected to decline by an annualised 2.6% through 2012-13. A weaker trading environment, mounting price-based competition, softer consumer demand and a shift in the shopping habits of consumers has hindered the retail landscape for domestic appliance operators during this period. Consumer demand for domestic appliances has also been fuelled by trends in real household disposable income, consumer sentiment, interest rates and household formation.
Tough trading landscape
Trends in real household disposable income are a key driver of demand for domestic appliances... purchase to read more