Domestic Appliance Retailing in New Zealand - Industry Market Research Report
Description
Domestic Appliance Retailing in New Zealand
Lockdowns associated with the COVID-19 pandemic have driven spending on home appliances, which has translated to revenue leaps for domestic appliance retailers. Growth in real household discretionary income and the number of households, due to steady population growth, has further benefited the industry. Meanwhile, consumer sentiment has plummeted, encouraging consumers to forgo new appliance purchases or bargain-hunt online. Low-cost online-only sellers, and other rivals with robust discounting approaches like department stores, are enjoying growing demand, adding to retailers' woes. Rising inflation and resulting hikes in interest rates have propelled some consumers into saving mode, inducing a 6.7% dive in revenue in 2022-23.
Appliance retailers sell a range of household electrical, electronic and gas appliances. These products include air conditioners, barbecues, cameras, DVD players, heaters, mobile phones, refrigerators, stoves, televisions, vacuum cleaners and washing machines. Retailers purchase products from manufacturers and wholesalers for resale to consumers at retail stores. The industry includes online sales by bricks-and-mortar retailers, but excludes department stores and online-only retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Lockdowns associated with the COVID-19 pandemic have driven spending on home appliances, which has translated to revenue leaps for domestic appliance retailers. Growth in real household discretionary income and the number of households, due to steady population growth, has further benefited the industry. Meanwhile, consumer sentiment has plummeted, encouraging consumers to forgo new appliance purchases or bargain-hunt online. Low-cost online-only sellers, and other rivals with robust discounting approaches like department stores, are enjoying growing demand, adding to retailers' woes. Rising inflation and resulting hikes in interest rates have propelled some consumers into saving mode, inducing a 6.7% dive in revenue in 2022-23.
Appliance retailers sell a range of household electrical, electronic and gas appliances. These products include air conditioners, barbecues, cameras, DVD players, heaters, mobile phones, refrigerators, stoves, televisions, vacuum cleaners and washing machines. Retailers purchase products from manufacturers and wholesalers for resale to consumers at retail stores. The industry includes online sales by bricks-and-mortar retailers, but excludes department stores and online-only retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
38 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
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Pricing
Currency Rates
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