PROSPECTS AND OPPORTUNITIES
Population growth and plans for construction of residential buildings set to support future sales of appliances
The outlook for appliances and electronics specialists is fairly positive, with the channel set to record stable value growth (at constant 2024 prices) over the forecast period. Sales are likely to be driven by a number of factors, including an improving economy, thereby supporting disposable incomes and a greater willingness to invest in various essential and discretionary items, an expanding population driven by immigration, and the rising number of new households set to be constructed in the country, which will likely support consumer spending on various goods needed to furnish their homes.
Sustainability through energy efficiency a key driver of consumer choice
Australians continue to spend greater time at home due to hybrid/remote arrangements with their employers, while some avoid socialising outside of the home, such as visiting foodservice establishments, to save money. Therefore, Australians are looking to invest in and update their appliances with energy-efficient attributes to achieve long-term savings as they use them more frequently.
E-commerce expected to thrive due to convenience and competitive pricing
E-commerce is set to remain an important channel for sales of appliances and electronics in Australia over the forecast period due to the many advantages consumers can enjoy from making online purchases. For instance, many find it more convenient to quickly browse online platforms and have the product delivered, thereby saving time and energy transporting these items back home themselves.
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Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Appliances and Electronics Specialists in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Appliances and Electronics Specialists in Australia?
- Which are the leading retailers in Appliances and Electronics Specialists in Australia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Appliances and Electronics Specialists in Australia - Category analysis
KEY DATA FINDINGS
Cost-of-living pressures limit discretional spend among consumers
JB Hi-Fi is looking to expand its offer in Australia
Threat from e-commerce intensifies, pushing specialists to improve in-store experience as part of differentiation strategy
Population growth and plans for construction of residential buildings set to support future sales of appliances
Sustainability through energy efficiency a key driver of consumer choice
E-commerce expected to thrive due to convenience and competitive pricing
Retail in Australia - Industry Overview
Retail in 2024: The big picture
Shifting trust among consumers and shrinkflation strategies
Industrial disputes at Australian ports drive up cost of imports
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
End of year/Christmas shopping
Back-to-school
DISCLAIMER
Appliances and Electronics Specialists
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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