Switching: Firms are facing intense competition from department stores and other retailers

The Electrical and Lighting Stores industry has struggled over the past five years, as weak growth in discretionary income has negatively affected the retail environment. An overall rise in demand from house construction, and greater capital expenditure on private dwellings have underpinned growth in industry revenue over the period. Industry revenue is expected to grow at an annualised 0.5% over the five years through 2018-19, to reach $2.0 billion. This includes a decline of 1.8% in the current year, reflecting a sharp decline in demand for house construction and weaker capital expenditure on private dwellings, due to the recent softening of the housing market...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
0.5%
Forecast Growth 19-24
Profit
Employment
6,469
Businesses
1,268

Industry Threats & Opportunities

  • Industry operators face intense competition from department stores and other retailers
  • Industry operators have increased their focus on customer service and quality
  • Industry players are anticipated to face intensifying competition over the next five years
  • Industry Report - Industry Locations Chapter

    The geographical spread of the industry is closely correlated with population and income distribution. Consequently, the highly populated eastern seaboard states account for most industry enterprises, with almost 80% of electrical and lighting stores located in New South Wales, Victoria and Queensland. Industry operators are generally located in areas with high foot traffic, where their exposure to potential customers is highest. Furthermore, growing construction activity in Melbourne, Sydney and Brisbane has boosted demand for industry products, encouraging the expansion of businesses in these areas.South Australia and Western Australia account for slightly more industry enterprises than their respective shares of the population would suggest. Ind...purchase to read more.

    Additional Insights for the Electrical and Lighting Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electrical and Lighting Stores Industry are

  • Ability to control stock on hand
  • Attractive product presentation
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Capital expenditure on private dwellings and Consumer sentiment index in the Electrical and Lighting Stores industry impact industry performance..

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    What's in this report

    What is the Electrical and Lighting Stores Industry?

    Industry firms primarily retail lighting and electrical goods. This includes lighting fixtures and fittings, light bulbs and globes, batteries, and other electrical products. Department stores and other retailers that sell these products in addition to other goods are excluded from the industry.

    Industry Products
  • Lighting products
  • Batteries
  • Other electrical goods
  • Industry Activities
  • Lamp retailing
  • Indoor light retailing
  • Outdoor light retailing
  • Light bulb and globe retailing
  • Lantern, spotlight and torch retailing
  • Battery retailing
  • Extension lead and power board retailing
  • Adaptor and timer retailing
  • Power point and light switch retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Capital expenditure on private dwellings
  • Consumer sentiment index
  • Demand from house construction
  • Demand from department stores
  • Real household discretionary income
  • Demand from online shopping

  • Current Performance
  • External competition
  • Housing construction
  • Profit and wages
  • Consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition
  • Profit and wages
  • Industry changes
  • Table: Electrical and Lighting Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electrical and Lighting Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Residential Property Operators
  • Office Property Operators
  • Consumers

  • Key Selling Industries
  • Electric Lighting Equipment Manufacturing
  • Power Automation Products and Other Electrical Equipment Manufacturing
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Lighting products
  • Batteries
  • Other electrical goods
  • Chart: Electrical and Lighting Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Electrical and Lighting Stores 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 Electrical and Lighting Stores

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electrical and Lighting Stores Industry

  • Industry Globalization
    Beacon Lighting Group Limited, Battery World Australia Pty Ltd,
  • Table: Beacon Lighting Group Limited - financial performance
  • Table: Battery World Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electrical and Lighting Stores 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 Electrical and Lighting Stores 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
    Big-Box Retailer
  • A retail store that occupies a significant amount of physical space and offers a variety of products to its customers.
  • Led
  • Light Emitting Diode. LEDs work by passing a current through a semiconductor material.
  • Minimum Energy Performance Standards (Meps)
  • Regulatory standards governing the energy efficiency requirements of lighting equipment.
  • Pos
  • Point of Sale. Technology that incorporates a cash register with a credit and debit card electronic payment system in the one device.
  • What Our Customers Say

    Why buy this report?

    The Electrical and Lighting Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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 Electrical and Lighting Stores:
    • 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 Electrical and Lighting Stores 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 Electrical and Lighting Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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