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Glazing Services in Australia Industry Market Research Report Now Updated by IBISWorld
  • USA - English


News provided by

IBISWorld

Mar 28, 2015, 09:00 ET

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IBISWorld Market Research
IBISWorld Market Research

The household repairs and replacements segment will provide industry operators with key opportunities for revenue growth over the next five years.

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Melbourne, Australia (PRWEB) March 28, 2015 -- The Glazing Services industry has struggled over the past five years due to sluggish activity in downstream construction industries. Weaker investment into housing and institutional building construction markets has limited demand for a range of glazing services, including glass installation, repairs and replacements. Growth in multi-unit apartment complexes and townhouse developments have provided some relief to industry operators, while demand for glazing services from commercial and industrial building construction contractors has remained stagnant. Overall, industry revenue is estimated to decline at a compound annual rate of 0.7% over the five years through 2014-15. Improving investment in housing, and commercial, industrial and institutional building construction markets is expected to result in a 1.8% jump in revenue in 2014-15, with revenue reaching $1.8 billion. Competition in the industry has intensified over the past five years. According to IBISWorld industry analyst Spencer Little, “in a highly fragmented industry with a large number of small-scale operators, remaining viable against numerous rival companies has been difficult for many firms.” This trend, coupled with wage costs rising as a share of revenue, has also contributed to declining profit margins over the past five years.

Over the next five years, the industry is expected to improve, with greater construction activity boosting demand for glazing services. Strongly increasing commercial and industrial building construction activity is set to be the primary driver behind this growth, while modest activity in residential and institutional building construction markets is also likely to assist glaziers. In addition, a forecast rise in household disposable income will drive the construction of residential properties and alterations and additions to existing homes. “The household repairs and replacements segment will provide industry operators with key opportunities for revenue growth over the next five years,” says Little. A low market share concentration characterises the industry.

The Glazing Services industry is highly fragmented and G James Australia is expected to be the largest company. According to ABS counts of business data, in 2012-13, no industry companies employed more than 200 staff and over 90% of enterprises generated less than $2.0 million in revenue. These trends indicate the large number of small-scale firms that provide glazing services. Market share concentration has remained fairly stable over the past five years.

For more information, visit IBISWorld’s Glazing Services industry in Australia report page.

Companies in the industry mainly provide glazing services, including glass installation and repair work.

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

IBISWorld industry Report Key Topics

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, +61 396553838, [email protected]

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