Industry Analysis & Industry Trends
The Franchising industry has exhibited steady growth over the past five years. Industry performance declined in 2011-12 due to a slowdown across the domestic market and uncertainty regarding the economy's stability. However, a recovery in economic conditions over the remainder of the five years through 2016-17 returned the industry to growth and enabled operators to recover earlier losses. As a result, revenue for the Franchising industry is projected grow by an annualised 3.4% over the five years through 2016-17. Trends in real household disposable income, average weekly hours worked and the target cash rate have also affected the industry's performance. Industry revenue is expected to post steady growth over the current year, rising by 2.6% to reach $178.0 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Franchising industry is expected to operate in the mature phase of its life cycle over the 10 years through 2021-22. Industry value added, which measures the industry's contribution to the overall economy, is expected to increase by an annualised 2.7%, compared with annualised growth in Australian GDP of 2.5% over the same period. As a result, the industry is expected to perform roughly in line with the wider economy.
Industry establishment numbers are expected to trend upwards over the decade through 2021-22. While the industry is expected to continue evolving, growth is projected to stem from the entry of more serviced-based franchises such as health and community services... purchase to read more