Taking a seat: Rising household incomes have boosted demand and enticed new entrants

IBISWorld’s Furniture Retailing in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Analysis & Industry Trends

The Furniture Retailing industry has faced a tough trading environment over the past five years, with revenue growth stifled by increasing competition. Within the industry, players typically compete on the basis of price and product range. External competition comes from a range of other operators that sell furniture as part of their operations, including department stores, auction web sites and online-only players. Despite rising competition, Industry revenue is expected to grow at an annualised 1.9% over the five years through 2017-18, to reach $780.0 million. This growth is anticipated to be supported by greater real household discretionary income, positive consumer sentiment and ongoing demand across the residential building construction market...

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What is the Furniture Retailing in New Zealand industry?

The Furniture Retailing industry’s revenue has exhibited significant annual fluctuations over the past five years. Mounting competition among industry operators, along with the continued threat of revenue lost to external players, has supressed growth over the period. Furthermore, a volatile New Zealand dollar has influenced the affordability of furniture sourced from international suppliers, causing some consumers to readjust their budgets for expenditure on these goods. However, rising real household discretionary income and positive consumer sentiment supported retail spending on furniture items. Industry revenue is expected to rise at an annualised 1.9% over the five years through 2017-18, to reach $780.0 million. This includes anticipated growth of 1.9% in the current year...

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New Zealand Special Report

Products & Brands

Major products in this industry
Lounge and dining room furniture
Bedroom furniture
Blinds and awnings
Outdoor and garden furniture
Other furniture
Examples of brands in this Industry
Furniture Zone
Big Save Furniture
Harvey Norman

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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