Furniture retailers have faced a challenging market over the five years through 2014-15, with industry revenue expected to post annualised growth of just 0.1%. Over this period, the industry's trading conditions have been adversely affected by continued instability in financial markets, which led to uncertainty in consumer sentiment and subdued retail spending across the domestic economy. Despite growth in discretionary incomes over the past five years, demand for furniture has remained weak due to consumer concerns about the ability to repay debt. As economic conditions gradually improve, industry revenue is forecast to post modest growth over 2014-15, rising by 1.5% to $7.7 billion.
Firms in this industry are involved in the retail of household furniture, blinds, awnings and mattresses. Both company-owned and franchised stores are included in the industry, as are the online sales generated by industry operators. The industry excludes department stores, online-only retailers and auction websites.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.