Heating up: Industry revenue has increased despite negative consumer sentiment

Operators in the Kitchen and Cookware Stores industry have faced a mixed trading environment over the past five years. Increasing capital expenditure on private dwellings and rising discretionary income provided growth opportunities for industry operators. Demand for kitchenware and cookware was also bolstered by a strong uptake in cooking activities due to the popularity of TV cooking programs, and the growing consumer desire to cook and eat healthy food. However, mounting competition from cafes and restaurants and mostly negative consumer sentiment have constrained demand and inhibited industry revenue growth over the five-year period. Despite this, industry revenue is expected to grow at an annualised 1.5% over the five years through 2017-18, to $860.0 million...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Increased spending on kitchen renovations has fuelled demand for new kitchen and cookware goods
  • TV cooking shows have encouraged people to prepare their own meals, boosting industry sales
  • Players that have an established brand are projected to grow faster than new industry entrants
  • Industry Report - Industry Investment Chapter

    The industry exhibits low capital intensity. For every dollar spent on capital, $12.33 is spent on wages. The industry is typically labour-intensive. Operators require staff to work in stores and fulfil a range of roles including customer service, store display, stock control and administrative tasks. Retail operations do not generally require significant capital expenditure because operators only need basic equipment, such as cash registers and barcode scanners, in their stores. Capital intensity has declined over the past five years. Operators have placed greater emphasis on improving customer service by hiring more knowledgeable and experienced staff. This has contributed to wages increasing as a share of revenue over the past five years...purchase to read more.

    Additional Insights for the Kitchen and Cookware Stores Industry

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

  • Being part of a franchising chain
  • Having a clear market position
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Capital expenditure on private dwellings and Demand from cafes, restaurants and takeaway food services in the Kitchen and Cookware Stores industry impact industry performance..

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    What's in this report

    What is the Kitchen and Cookware Stores Industry?

    Industry operators retail kitchenware and cookware such as pots and pans, bakeware, knives and utensils. The industry excludes department stores, supermarkets and online sales of kitchenware.

    Industry Products
  • Cookware
  • Bakeware
  • Kitchen knives and cooking utensils
  • Other goods
  • Industry Activities
  • Kitchenware retailing
  • Cookware retailing
  • Bakeware 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 cafes, restaurants and takeaway food services
  • Real household discretionary income
  • Consumer sentiment index
  • Number of households

  • Current Performance
  • Foodie culture
  • Dining in
  • Industry structure
  • Competition
  • Chart: Revenue Growth

  • Industry Outlook
  • New and renovated kitchens
  • Industry structure
  • Competition
  • Profitability
  • Table: Kitchen and Cookware Stores Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Ceramic Product Manufacturing
  • Fabricated Metal Product Manufacturing
  • Kitchen and Diningware Wholesaling
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Cookware
  • Kitchen knives and cooking utensils
  • Other goods
  • Bakeware
  • Chart: Kitchen and Cookware 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
  • Restaurants and catering businesses
  • Chart: Major Market Segmentation for the Kitchen and Cookware 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 Kitchen and Cookware Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Kitchen and Cookware Stores Industry

  • Industry Globalization
    Global Retail Brands Pty Ltd,
  • Table: Global Retail Brands Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Kitchen and Cookware 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 Kitchen and Cookware Stores Industry
  • 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
    Cooking Utensils
  • All hand held tools used for food preparation.
  • Free Trade Agreement
  • Refers to a relationship between two nations or within a geographical zone where trade is conducted in the absence of tariffs or import quotas.
  • Point Of Sale
  • Point of sale (POS) systems are used at the check-out points of retail stores to capture data at the time and place of sale.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Kitchen and Cookware 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 Kitchen and Cookware 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 Kitchen and Cookware 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 Kitchen and Cookware Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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