Flickering: Volatile consumer sentiment has constrained industry revenue growth

The Electrical and Lighting Stores industry has struggled over the past five years, as volatile consumer sentiment has negatively affected the retail environment. Rising household discretionary incomes and capital expenditure on private dwellings have driven growth over the past five years. However, unstable financial markets and economic uncertainty have caused consumer sentiment to fluctuate over the period, constraining industry growth. Industry revenue is expected to increase at an annualised 1.5% over the five years through 2017-18, to reach $2.1 billion. This includes an expected decline of 2.2% in the current year, principally due to falling demand for house construction and expenditure on private dwellings...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
1.5%
Forecast Growth 18-23
Profit
Employment
5,716
Businesses
1,265

Industry Threats & Opportunities

  • Industry operators face strong competition from department stores and other retailers
  • Volatile construction activity and consumer sentiment have resulted in excess stock
  • Industry players are anticipated to face intensifying competition over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The Electrical and Lighting Stores industry is in the mature stage of its life cycle. Over the 10 years through 2022-23, the industry's contribution to the economy (industry value-added) is expected to increase at an annualised 1.6%, compared with GDP growth of 2.5% over the same period. This indicates that the industry is growing at a slower rate than the overall economy.As competitive pressures from department stores and other retail industries grow, industry players have been focusing on expanding their operations. Retailers such as Beacon Lighting and Battery World have been opening more stores to reinforce brand image and grow market share. Consequently, industry establishments are expected to increase at an annualised 1.3% over the 10-year period...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 control
  • IBISWorld analysts also discuss how external factors such as Capital expenditure on private dwellings and Demand from house construction 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
  • Demand from house construction
  • Consumer sentiment index
  • Demand from department stores
  • Real household discretionary income

  • Current Performance
  • Housing construction
  • Competition
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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?

    IBISWorld’s Electrical and Lighting Stores 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 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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