Industry Analysis & Industry Trends
The widespread acceptance of internet shopping has contributed to rapid industry growth over the past five years. The Online Household Furniture Sales industry is forecast to grow by 15.7% in 2015-16 to reach $418.7 million. Although the high growth rate is influenced by a low base year, the industry has still performed very well, as Australians have gravitated towards online stores to search for and purchase household furniture. Lower prices, the ability to conveniently compare products and increased transaction security are factors that have contributed to the rise in industry sales. Consequently, industry revenue has grown by an annualised 20.4% over the past five years.
Pure-play online furniture retailers (i.e... purchase to read more
Industry Report - Industry Analysis Chapter
Increased internet usage and greater confidence in online shopping have contributed to rapid industry growth. The Online Household Furniture Sales industry is forecast to grow at an annualised 20.4% in the five years through 2015-16. This is partially attributable to the industry starting from a low base, and the robust growth in internet connections over the past five years. In 2015-16, the industry is forecast to expand by 15.7% to reach $418.7 million. Profitability has increased due to improvements in economies of scale and labour-saving capital investments. The industry has quickly expanded as consumers have increasingly gravitated towards online shopping... purchase to read more