$2.6bn
$XXX.Xm
6,775
1,590
$XXX.Xm
Electrical and lighting stores have been experiencing competitive conditions. Despite discretionary income growth, volatile consumer sentiment has contributed to annual revenue fluctuations. Increasing competition from external competitors has contributed to further downward pressure on industry revenue. While demand from department stores has dropped, growing competition from hardware and building supply stores has been cutting into retailers’ customer base. Online shopping trends have also fuelled online-only retailers’ success, and their convenience has caused many customers to opt to shop online instead. Stores that focus on high-value products and strong growth from the industry's major players have partly offset these trends. Overall, industry revenue is expected to rise at an annualised 0.6% to $2.65 billion over the five years through 2023-24. This trend includes a drop of 5.1% in the current year, since reduced demand from house construction has reduced the number of people buying products light power points and light fittings.
Industry revenue has grown at a CAGR of 0.6 % over the past five years, to reach an estimated $2.6bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Beacon Lighting | 311.9 | |
Battery World Australia | 168.6 |
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Industry revenue is measured across several distinct product and services lines, including Lighting products, Batteries and Other electrical goods. Lighting products is the largest segment of the Electrical and Lighting Stores in Australia.
Lighting products make up the bulk of industry revenue
Electrical and lighting stores primarily retail lighting and electrical goods, like fixtures and fittings, light bulbs and globes, batteries and other electrical products. Department stores and other retailers that sell these products in addition to other goods are excluded from the industry.
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ANZSIC 4229 - Electrical and Lighting Stores in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Conditions are becoming more competitive for electrical and lighting stores. As online shopping becomes more popular, more consumers are opting to buy products through online...
Learn about an industry's products and services, markets and trends in international trade.
Lighting products have been taking up a greater share of revenue. Even though house construction activity has been weak, reduced demand for department stores has funnelled so...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Electrical and lighting stores benefit from being in densely populated areas. Since the eastern seaboard states are among Australia’s most populous, they tend to attract a gr...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Electrical and lighting stores largely compete on price. Stores that offer lower prices can attract more customers than others, and many stores are improving their customer s...
Learn about the performance of the top companies in the industry.
Beacon Lighting Group Limited is a lighting retailer that has set up stores around Australia. The company has established a property fund, Beacon Commercial Property Fund, th...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Electrical and lighting products must adhere to minimum energy performance standards (MEPs). The Equipment Energy Efficiency program sets out these standards for products tha...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins tend to vary among electrical and lighting stores. Larger retailers can cut costs through their economies of scale, but those that sell niche products can char...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Electrical and Lighting Stores industry in Australia is $2.6bn in 2024.
There are 1,590 businesses in the Electrical and Lighting Stores industry in Australia, which has grown at a CAGR of 4.8 % between 2018 and 2023.
The market size of the Electrical and Lighting Stores industry in Australia has been growing at a CAGR of 0.6 % between 2018 and 2023.
Over the next five years, the Electrical and Lighting Stores industry in Australia is expected to decline.
The biggest companies operating in the Electrical and Lighting Stores market in Australia are Beacon Lighting and Battery World Australia
Lamp retailing and Indoor light retailing are part of the Electrical and Lighting Stores industry.
The company holding the most market share in Australia is Beacon Lighting.
The level of competition is high and increasing in the Electrical and Lighting Stores industry in Australia.