Old money: Profit has risen, particularly for antique dealers, despite increasing competition

The Antique and Used Goods Retailing industry has faced increasing external competition over the past five years. Pure online players such as eBay and Gumtree are pursuing a greater share of the market, increasing competition and hindering the industry’s performance. Additionally, uncertain domestic economic conditions resulted in negative consumer sentiment over the three years through 2016-17, constraining demand for antiques. Despite these constraints, industry revenue is expected to rise by an annualised 3.2% over the five years through 2018-19. This growth includes an expected 2.6% rise over 2018-19, to total $3.2 billion...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 14-19
3.2%
Forecast Growth 19-24
Profit
Employment
10,042
Businesses
2,120

Industry Threats & Opportunities

  • Demand for used goods has been fuelled by their relative affordability compared with new items
  • The second-hand economy has grown from being a niche market to a mainstream industry
  • Changing consumer preferences are anticipated to drive the industry’s performance
  • Industry Report - Industry Key Buyers Chapter

    The industry has a low level of market share concentration, with the largest four players expected to account for well below 40% of the market. According to the ABS, almost 57.5% of industry businesses are non-employing and approximately 40% employ fewer than 20 staff members. This indicates that the industry consists of many small operators. Additionally, almost 94% of businesses generate less than $2.0 million in annual revenue. As a result, new entrants have opportunities to carve out niches in the market. The industry's barriers to entry and capital intensity are also low, which may encourage new operators to enter the industry.Concentration across the industry has increased over the past five years, albeit from a low base, as some non-employing operators have consolidated. Inc...purchase to read more.

    Additional Insights for the Antique and Used Goods Retailing Industry

    IBISWorld has determined the most important Key Success Factors for the Antique and Used Goods Retailing are:

  • Having a good technical knowledge of the product
  • Having contacts within key markets
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household discretionary income in the Antique and Used Goods Retailing industry impact industry performance..

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    What's in this report

    What is the Antique and Used Goods Retailing Industry?

    Industry retailers primarily sell antiques and used goods (except motor vehicles or motorcycles and parts). Antique goods sold by the industry are sourced from individuals or businesses, while used or second-hand goods are generally sourced from donations. The industry includes the online operations of bricks-and-mortar antique and used good retailers. However, online-only players, such as auction websites, are excluded from the industry.

    Industry Products
  • Used goods
  • Antique goods
  • Other goods and services
  • Industry Activities
  • Antiques retailing
  • Coin dealing
  • Pawnbroking
  • Second-hand goods retailing (except motor vehicles, motorcycles and parts)
  • Stamp dealing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Real household discretionary income
  • IT and telecommunications adoption
  • Demand from online shopping

  • Current Performance
  • Trash or treasure
  • Online competitors
  • Profit performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Trading landscape
  • Profit and competition
  • Table: Antique and Used Goods Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Antique and Used Goods Retailing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Art Galleries and Museums
  • Consumers

  • Key Selling Industries
  • Antique and Used Goods Retailing
  • Consumers

  • Products & Services
  • Antique goods
  • Used goods
  • Other goods and services
  • Chart: Antique and Used Goods Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers
  • Dealers
  • Chart: Major Market Segmentation for the Antique and Used Goods Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Antique and Used Goods Retailing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Antique and Used Goods Retailing Industry

  • Industry Globalization
    Cash Converters International Limited, St Vincent de Paul Society, Salvation Army Australia Territory,
  • Table: Cash Converters International Limited - financial performance
  • Table: St Vincent de Paul Society - financial performance
  • Table: Salvation Army Australia Territory - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Antique and Used Goods Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Antique and Used Goods Retailing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Antique
  • An item over 100 years old and collected or desired due to its beauty, rarity, condition or utility.
  • Collectable
  • Term used to describe anything people collect.
  • Pawnbroker
  • A business that loans money on items of personal property and holds said items as collateral for an agreed period of time.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Antique and Used Goods Retailing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Antique and Used Goods Retailing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Antique and Used Goods Retailing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Antique and Used Goods Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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