Industry Analysis & Industry Trends
From tableware and cooking utensils to bakeware and knives, retailers in the industry are experts in a wide range of housewares sold to consumers. Part of the Australian furniture, houseware and appliance retailing market, the industry faces competition from other stores that sell housewares, such as department stores and supermarkets. The industry is reaching the mature stage of its life cycle, as a high proportion of houseware products are well-defined and technological advancements within each product segment are minimal. Most operators have a well-established market position with many players now expanding into niche segments within the industry. IBISWorld projects that the Houseware Retailing industry accounts for 35.0% to 45.0%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Changes in the housing market often correlate with changes in the Houseware Retailing industry. Higher sale volumes prompt many consumers to update their housewares, while substantial increases in house prices increase consumer wealth and result in increased discretionary spending on housewares. Industry value added is expected to grow at an annualised rate of 0.9% in the 10 years through 2018-19. This is lower than the estimated GDP growth rate over the same period of time, which is 2.5% per annum, indicating the industry's smaller contribution to the economy, which is also an indication of a mature industry.
The number of establishments operating in the industry has increased steadily over the years and contributed to industry growth... purchase to read more