Book Stores in Australia Industry Market Research Report Now Updated by IBISWorld
Melbourne, Australia (PRWEB) January 22, 2014 -- The Book Stores industry in Australia has battled over the five years through 2013-14, with revenue estimated to decline at an annualised 8.5%. According to IBISWorld industry analyst Claudia Burgio-Ficca, "industry conditions have been affected by numerous challenges including tough competition from the online market and external operators, a decline in the overall price of books and a change in the reading habits of consumers from physical books to e-books." The operating landscape for industry players has also been influenced by trends in real household disposable income, consumer sentiment, the IT and telecommunication adoption rate and demand for buying products online. Industry revenue is projected to decline by 8.1% in 2013-14 to $1.9 billion.
Retail trade has exhibited a lacklustre performance over the past five years. Demand and expenditure on retail goods has been largely affected by the global financial crisis, which led to a reduction in consumer sentiment and a drop in spending, as individuals began to worry about the stability of the domestic economy. The Federal Government responded by implementing a series of direct stimulus payments, but these did little to boost spending across the declining book industry. "Bookstores were also affected by solid competition from department stores and pure online retailers that sought to attract and retain a larger share of the market," says Burgio-Ficca. Despite the doom and gloom, industry conditions are expected to have been aided by the rising popularity of e-books and e-readers, which created a new growth area for bookstores. However, the sale of e-readers by external players is likely to have reduced revenue prospects across the industry.The industry exhibits a low level of concentration, with Dymocks Pty Ltd the only remaining major player.
Book Stores industry operators are forecast to encounter declining sales 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.
For more information, visit IBISWorld’s Book Stores in Australia industry report page.
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IBISWorld industry Report Key Topics
Companies in this industry primarily retail books. They may also retail audio books, e-books and e-readers. This industry excludes online only booksellers.
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, +61 396553838, [email protected]
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