Art Supply Stores in Australia - Industry Market Research Report

Art Supply Stores in Australia - Industry Market Research Report
Art Supply Stores in Australia

Operators in the Art Supply Stores industry have struggled due to a difficult retail environment over the past five years. Demand for art supplies generally comes from schools, universities, professional artists and hobbyists. However, household spending on discretionary products, including art and craft materials, has been subdued due to the COVID-19 downturn and fluctuations in discretionary incomes over the period. Additionally, technological advances have limited demand in some industry segments. For example, professions related to architecture and graphic design, which traditionally used pencils and markers, have switched to computer-based programs. Industry revenue is expected to decline at an annualised 4.6% over the five years through 2021-22, to $172.7 million. This trend includes a revenue decline of 1.5% in the current year.

Firms in the industry primarily retail art supplies. The industry excludes general stationery retailers, department stores and online-only retailers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.