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Crisis and Care Accommodation industry Market Research Report Now Updated by IBISWorld
  • USA - English


News provided by

IBISWorld

Jun 14, 2014, 16:00 ET

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IBISWorld Market Research
IBISWorld Market Research

Melbourne, Australia (PRWEB) June 15, 2014 -- The Crisis and Care Accommodation industry caters for some of the most economically vulnerable people in Australian society, including children, those with long-term disabilities and the elderly. According to the Australian Bureau of Statistics, over 4.0 million Australians (or 18.5% of the population) had some form of disability in 2012, although the number of people accessing accommodation support and respite services is considerably lower at just over 34,000 for each service. A further 100,000 Australians were homeless despite recent national policy efforts to reduce homelessness. The industry is heavily dependent on government funding and donations through charitable organisations. Accommodation demand for disabled people (with physical, intellectual and psychiatric disabilities) far exceeds the places available, and the supply of supported accommodation falls mainly to not-for-profit organisations reliant on public funding. According to IBISWorld industry analyst Arna Richardson, “from an economic perspective the industry is counter-cyclical, as households are driven to crisis or emergency housing more often during times of economic stress caused by unemployment or low income.”

Industry revenue is expected to increase at an annualised 5.5% over the five years through 2013-14, to reach $2.6 billion. This includes growth of 3.1% in 2013-14. “The negative effects of the global financial crisis on the economy and households have been an important driver of this growth,” says Richardson. The credit crisis triggered a rise in unemployment, which heightened economic stress. Greater incidences of family breakdown have also boosted demand for crisis housing, while the ageing Australian population has increased disability proportions within the population.

Companies that provide care accommodation are predominantly small firms with not-for-profit status, although an increasing number of firms have been entering the Crisis and Care Accommodation industry as profit-making entities (notably in the care of substance abuse clients). This is expected to continue over the next five years. The industry exhibits a low level of market share concentration, with the NSW Department of Ageing, Disability and Home Care the only major player by revenue. The introduction of the National Disability Insurance Scheme (NDIS) is expected to result in stronger spending on disability accommodation from 2013-14 onwards. Australia's ageing population will also drive continued industry growth, as will ongoing efforts to cut homelessness rates.

For more information, visit IBISWorld’s Crisis and Care Accommodation in Australia industry report page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

Operators in this industry provide services to maintain public order and safety, such as policing, as well as services for emergencies, such as fires and road accidents. The industry comprises police services (including federal agencies) and fire brigades (metropolitan and country). It does not include ambulance services, corrective and detention centres, or private investigation and security services.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

Gavin Smith, IBISWorld, http://www.ibisworld.com.au, +61 396553833, [email protected]

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