Accounting Services in New Zealand - Market Research Report

Accounting Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.4%

The Accounting Services industry has performed well over the past five years. Accounting firms derive most of their income from the private sector, which means that trends in capital expenditure by the private sector are a major factor influencing the industry's performance. Robust growth in private sector capital expenditure has supported industry revenue growth over the past five years, as industry operators have benefited from the associated increase in demand for accounting services. As a result, industry revenue is expected to rise at an annualised 0.4% over the five years through 2019-20, to $3.1 billion. This includes an anticipated increase of 2.3% in the current year. While tax and auditing services represent a steady revenue stream for mos...
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Accounting Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Accounting Services industry will continue to develop over the next five years, in line with its rapidly changing operating environment. The main challenge industry firms are forecast to face is the need to change in line with technological advancements and the associated increases in client expectations. Therefore, accounting firms must be able to quickly and successfully adopt new technologies to remain viable. Firms must also be able to attract and retain clients through meeting their changing needs and expectations. Industry revenue is forecast to grow at an annualised X.X% over the five years through XXX-XX, to $X.X billion. Rising private sector capital expenditure, and growth in new business formations are likely to drive industry expansio...
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Accounting Services industry statistics

  • attach_money Market Size: $3bn
  • business Number of Businesses: 5,420
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 18,900

Biggest companies in the Accounting Services industry

The companies holding the largest market share in the Accounting Services in New Zealand industry include PricewaterhouseCoopers Nominee Company, Deloitte Nominee Company Limited, Ernst & Young Corporate Nominees Limited and KPMG Nominee Company Limited.

  • pie_chart PricewaterhouseCoopers Nominee Company Market Share: x.x%
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  • pie_chart Deloitte Nominee Company Limited Market Share: x.x%
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  • pie_chart Ernst & Young Corporate Nominees Limited Market Share: x.x%
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  • pie_chart KPMG Nominee Company Limited Market Share: x.x%
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What is Accounting Services industry?

Industry Definition

Firms in the industry provide accounting, auditing and bookkeeping services. These services relate to all areas of financial reporting, taxation and auditing. Many industry companies also offer business advice and assistance. The industry does not include firms primarily performing payroll processing, billing or record-keeping services.

Industry Products and Services

  • Audit services
  • Advisory services
  • Tax services
  • Bookkeeping services
  • General accountancy services

Industry Activities

  • Accounting services
  • Auditing services
  • Bookkeeping services
  • Tax agent services

Market research report - table of contents

Industry Definition

Firms in the industry provide accounting, auditing and bookkeeping services. These services relate to all areas of financial reporting, taxation and auditing. Many industry companies also offer business advice and assistance. The industry does not include firms primarily performing payroll processing, billing or record-keeping services.

Main Activities

  • Accounting services
  • Auditing services
  • Bookkeeping services
  • Tax agent services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Capital expenditure by the private sector measures expenditure on items such as machinery and equipment, dwelling and non-dwelling construction and produc...
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Capital expenditure by the private sector
Business confidence index
Number of businesses
Capital expenditure on computer software

Current Performance

Intensifying competitive pressures
 Chart: Revenue Growth

Industry Outlook

 Table: Accounting Services in New Zealand - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Accounting Services in New Zealand - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Banking in New Zealand
Consumers in New Zealand





Key Selling Industries

Computer System Design Services in New Zealand
Commercial Property Operators in New Zealand
Computer and Computer Peripheral Retailing in New Zealand
Stationery Goods Retailing in New Zealand



Products & Services

The individual service segmentation of an accounting firm will vary depending on the firm's size. For example, the four major players derive a much larger...
Distribution, accommodation, transport and communication industries
Goods-producing industries
Households
Other markets


Demand Determinants

Industry firms service a range of clients, from individuals and SMEs to large corporate entities and public clients. Several factors influence demand for ...
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Major Markets

Distribution, accommodation, transport and communication industries
Goods-producing industries
Households
Other markets



 Chart: Major Market Segmentation for the Accounting Services in New Zealand - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

One of the defining features of the Accounting Services industry is the local presence of the big four international accounting firms, with a similar numb...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Accounting Services in New Zealand - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Accounting Services in New Zealand - Market Research Report Industry

Industry Globalization

In 1998, PricewaterhouseCoopers (PwC) was formed through the merger of Coopers & Lybrand and Price Waterhouse & Co. PwC is a global collection of member f...
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PwC New Zealand

 Table: PwC New Zealand - financial performance

Deloitte

 Table: Deloitte - financial performance

EY

 Table: EY - financial performance

KPMG

 Table: KPMG - financial performance

Capital Intensity

As is the case with other professional service providers, the Accounting Services industry is characterised by low capital intensity. This reflects the re...
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 Chart: Level of Capital Intensity for the Accounting Services in New Zealand - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Accounting Services in New Zealand Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

AUDIT

FMC REPORTING ENTITIES

GAAP

IFRS

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Accounting Services industry?

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This report on Accounting Services in New Zealand:

  • 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 Accounting Services in New Zealand 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 Accounting Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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