Industry Analysis & Industry Trends
Changes to the retail landscape and mounting competition from internal and external operators have created a tough trading environment for operators in the Domestic Appliance Retailing industry over the past five years. Despite continued advances in product design and technology, industry revenue growth has been limited by strong price-based competition, progressive declines in the average price of some domestic appliance categories, and weak consumer sentiment. Real household discretionary income and household composition have also affected the industry's trading conditions over the period. Overall, industry revenue is expected to grow by an annualised 2.4% over the five years through 2016-17, to reach $13.8 billion.
Industry revenue is expected to fall by 0.7%... purchase to read more
Industry Report - Industry Analysis Chapter
Operators in the Domestic Appliance Retailing industry have faced a tough trading environment over the past five years. Demand for domestic appliances is primarily driven by trends in real household discretionary income, consumer sentiment and household formation. Intensifying competition within the industry and from external players, such as department stores and online retailers, has dominated the operating landscape over the past five years. This trend has given rise to significant price-based competition, eroding industry profitability. Subdued sales growth can also be attributed to a range of factors, including a weaker trading environment and an increasing proportion of the industry's customer base shopping online for domestic appliances... purchase to read more