This class consists of units mainly engaged in retailing (by auction or private treaty) antiques or second hand goods (except motor vehicles).
A business in this industry is involved in purchasing or having a variety of products donated (such as books, clothes, etc) from the general and selling these products directly back to consumers, generally without developing or changing the products further. Most retailers in this industry undertake sales and administrative activities such as customer service; product merchandising; advertising; inventory control; and cash handling.
The Industry G5252 - Antique and Used Good Retailing in Australia ranks 352 out of 496 by industry turnover and its life cycle is in a mature phase, which means that the industry is generally growing at at the same rate as the economy.
Capital/labour intensity is low and the uptake of new technology is medium. The industry's globalisation level is low and the trend is steady.
The industry has a low level of exports, which means exports generate less than 5% of the industry's turnover. The industry has a low level of imports, which means imports generate less than 5% of the industry's domestic demand.
The trend for exports is steady and for imports it's steady. The level of regulation is light and decreasing and government assistance is low and decreasing.
This industry is forecast to have a static average annualised growth rate over the next five years. A full analysis of each of the above conditions and more is available in every IBISWorld industry report!
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