PROSPECTS AND OPPORTUNITIES
Ikea is on track to open its first store in New Zealand
Ikea is set to enter New Zealand and open its first store in Sylvia Park, with the building design set over three stories and achieving a 5 Star Green Star rating. The company is also planning to launch an online store as well.
Omnichannel offerings will remain key as home improvement retailers recover
Consumer demand for home improvements is expected to remain weak as households continue to grapple with cost of living pressures. To bolster its position, leading retailer Mitre 10 New Zealand has invested in improving the customer experience with a multimillion-dollar digital transformation project at their head office, which is almost complete.
Pet shops face increasing competition from supermarkets and e-commerce
Pet shops and superstores is forecasted to see flat value growth in the forecast period, due to strong competition from supermarkets and e-commerce. The latter are considered more convenient and easier to access compared to dedicated pet shops and superstores.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in New Zealand 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 Home Products Specialists industry in New Zealand, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Products Specialists in New Zealand 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 Home Products Specialists in New Zealand?
- Which are the leading retailers in Home Products Specialists in New Zealand?
- 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?
Home Products Specialists in New Zealand - Category analysis
KEY DATA FINDINGS
Economic pressures continue to weaken demand for home products in New Zealand
Bunnings Warehouse enjoys robust revenue growth
Mitre 10 New Zealand faces high debts following digital transformation
Ikea is on track to open its first store in New Zealand
Omnichannel offerings will remain key as home improvement retailers recover
Pet shops face increasing competition from supermarkets and e-commerce
Retail in New Zealand - Industry Overview
Retail in 2024: The big picture
Highly promotional retail environment
Retail crime on the rise amidst tough economic period
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
End of Financial Year Sale
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
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 Home Products Specialists research and analysis database.
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