AUSTRALIA RETAIL SECTOR SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 From 2004 to 2019, the Australian retail sector, one of the major economic drivers of the nation, saw growth. About AUD 329.6 billion was the estimated total retail turnover in 2019, which is about AUD 9 billion greater than what it was the year before. But the unexpected COVID-19 epidemic, which struck the nation in early 2020, brought about a lot of changes to the country's retail sector, which saw a decline in the overall number of sales transactions during the first and second quarters of 2020. 

With over 24 million people (about 90% of the population) residing in the cities of Sydney, Melbourne, Adelaide, Brisbane, and Perth, as well as several smaller cities and towns within 100 miles of the ocean, Australia is one of the most urbanised countries in the world. The market is recording more revenue transactions in the nation because to elements like internet advertising, high brand recognition rates, and influencer trends for several product categories, including footwear and apparel. Due to the rising demand for them, it is projected that the trend would continue during the forecast period.

In 2020, the demand for a number of products will still be increasing, continuing the upward demand pattern that was observed during the study period. For instance, the market for food and drinks increased by more than 11% in 2020, reaching an estimated value of AUD 151 billion. In 2020, demand is expected to increase significantly in other significant retail market areas, such as household care products including floor cleaners and laundry care items. The clothes, footwear, and accessories segment saw a decline in demand over the course of the year while being one of the strong segments for more sale transactions during the study period.

Due to Australia's high rate of urbanisation and expanding e-commerce market, online retailing is one of the distribution methods that is expanding the fastest in the nation. The unexpected COVID-19 epidemic has fueled its expansion in 2020. The internet distribution channel had significant increase during the research period. The main factors that attracted new customers to the channel were lockdown measures and safe distancing protocols, whereas the factors that contributed to the segment's growth in 2020 included strong payment gateways, new omnichannel practises like click-and-collect, faster delivery options like same-day, one-day deliveries for most product categories, including electronics, and a few health and beauty products.

Read The Full Market Report





















































Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more