Industry Analysis & Industry Trends
Operators in the Houseware Retailing industry sell a range of products including tableware, cooking utensils, bakeware and knives. The industry is part of the Australian furniture, houseware and appliance retailing market, and faces competition from stores outside of the industry that sell housewares, such as department stores and supermarkets. 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 in the industry.
A rise in residential property construction and renovations to existing dwellings have increased demand for the industry's goods over the past five years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Houseware Retailing industry is in the mature stage of its life cycle. Over the 10 years through 2021-22, the industry's contribution to the economy (industry value added) is expected to rise by an annual rate of 1.5%, underperforming the projected annualised GDP growth of 2.5%. This indicates that the industry is growing at a slower pace than the overall economy.
Over the 10-year period, industry establishments are forecast to decline by 1.1% per annum. Strong competition from both internal and external retailers of houseware products have forced many industry players to consolidate and close underperforming stores... purchase to read more