Industry Analysis & Industry Trends
From tableware and cooking utensils to kitchen and table linen, retailers in the industry are experts in a wide range of housewares. 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 in the mature stage of its life cycle. Products and services are well defined and technological advancements within each product segment are minimal. Most operators have a well-established market position with many players treading into niche segments of the industry. IBISWorld estimates that the Houseware Retailing industry accounts for 35% to 45% of all houseware sales in Australia... 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 1.4% in the 10 years through 2017-18. This is slightly slower than the growth rate of GDP over the same period of time, which is 2.4% per annum, indicating the industry's contracting contribution to the economy. This is an indication of a mature industry.
Number of establishments in the industry has also increased slightly over the years... purchase to read more