Book Stores Industry in Australia Industry Market Research Report Now Available from IBISWorld
Melbourne, Australia (PRWEB) February 24, 2015 -- Operators in the Book Stores industry in Australia have struggled over the past five years, with revenue projected to decline at an annualised 8.3% over the five years through 2014-15. Industry conditions have been affected by numerous challenges including lower book prices, tough competition from online retailers and external operators, and a shift in consumer reading habits from print books to e-books. According to IBISWorld industry analyst Claudia Burgio-Ficca, “The operating landscape for industry players has also been influenced by trends in real household discretionary income, consumer sentiment, the IT and telecommunications adoption rate and demand for online shopping.” Industry revenue is projected to decline by 5.9% in 2014-15 to reach $2.0 billion.
Retail trade has exhibited a lacklustre performance over the past five years. “Expenditure on retail goods has been affected by the global financial crisis, which led to a reduction in consumer sentiment and a drop in discretionary spending, as individuals worried about the stability of the domestic economy,” says Burgio-Ficca. Bookstores have also been affected by competition from department stores and online retailers, which have sought to attract and retain larger shares of the market. Despite external competition, bookselling retail conditions have been aided by the rising popularity of e-books and e-readers, which have created a new area of growth for bookstores. The industry displays a low level of market share concentration. Major players include University Co-operative Bookshop Limited and Dymocks Pty Ltd.
Declining sales volumes are forecast to continue over the next five years. While trading conditions are expected to remain intense due to further competition from internet-based operators and other external players, demand for e-books and e-readers is likely to offset some of the fall in revenue. The performance of the Book Stores industry will also be influenced by anticipated changes to the parallel import legislation that prohibits booksellers from importing commercial quantities of books if they can be supplied by a local publisher within 14 days of their international release.
For more information, visit IBISWorld’s Book Stores industry in Australia report page.
Companies in this industry primarily retail books. They may also retail audio books, e-books and e-readers. This industry excludes online-only booksellers.
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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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