Consumer Goods Retailing in Australia - Industry Market Research Report

Consumer Goods Retailing in Australia - Industry Market Research Report
Consumer Goods Retailing in Australia

The Consumer Goods Retailing subdivision has faced an unpredictable retail landscape. Most notably, the COVID-19 pandemic has triggered vast economic uncertainties and intermittent trading restrictions. Yet, these challenging circumstances have also spurred unexpected growth. Amid travel bans and closed eateries, consumers have shifted their expenditure from hospitality and travel to retail consumer goods. This transition has helped boost our subdivision's revenue at an annualised rate of 2.2% over the past five years, reaching an anticipated $239.0 billion by 2023-24. Still, with COVID-19 restrictions now lifted and consumption patterns rebounding, a 4.7% revenue drop is expected in 2023-24. High inflation and cash rate hikes will also limit consumers' purchasing power and willingness to spend on consumer goods.

Subdivision operators sell personal and household items such as clothing, furniture, appliances, computers and garden supplies. The subdivision does not include revenue from sales of food, fuel, alcohol or motor vehicles, or online-only retail.

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.