Consumer and Retail

Format: 2016-09-28
Format: 2016-09-28
September 28, 2016 | 98 Pages | SKU: IRTNTR10531

Overview of the retail market in Australia

Technavio’s market research analyst predicts the retail market in Australia to grow moderately during the forecast period, posting a CAGR of almost 3% by 2020. Factors such as high spending power and quality infrastructure have made Australia one of the major target markets for several multinational retailers. The retail market in Australia is witnessing positive growth over the past few years and has become one of the top competitive markets across the globe. With the influx of foreign players in the market offering a wider range of products, the Australian consumers are becoming more sophisticated and demanding, generating more growth opportunities for the market players in this changing market. Retailers are increasingly providing additional value-added services to augment customer satisfaction to accomplish customer loyalty and attract new customers.

Vendors in the market are shifting towards online and omni-retail channel strategy to maximise their reach and increase their profit shares.  Both large and small brands are making their products available online, which is increasing the rate of online shopping in Australia. Also, the wide prevalence of online banking and internet connectivity has facilitated consumers to opt for online channels to buy their products. Technavio estimates that close to 80% of the Australians use smartphones to search or buy products online. Such trends have propelled several retailers to launch mobile websites and applications to improve the customers' shopping experience. Smartphones are also being extensively used to scan credit cards, loyalty reward cards, membership cards, and gift cards.

Competitive landscape and key vendors

The retail market in Australia


September 26, 2016 | 57 Pages | SKU: IRTNTR9910

Overview of the global baby and children bikes and ride-on market

Technavio’s market research analyst predicts the global baby and children bikes and ride-on market to grow at a CAGR of around 8% by 2020. The online retailing of baby and children bikes and ride-on is gaining popularity because of the emergence of off-price pricing strategy. The growing number of online shopping websites allow vendors to expand their reach and eventually tap more customers with making their range of products available online. The baby and children bikes and ride-on vendors are offering their products online as it enables prospective consumers to compare the prices and features before making the final purchase.  The increase in the number of internet users and the acceptance of the internet as a safe place to make monetary transactions is fueling the growth of the online market for baby and children bikes and ride-on. Target, Toys R Us, Argos, eBay, Sears, Walmart, Halfords, First Cry, Hopscotch, BabyOye, and MyBabyCart are some of the online websites providing baby and children bikes and ride-ons.

Manufacturers are designing three-wheeled motorcycles especially for younger children. They are manufacturing electrical ride-on vehicles in the form of all-terrain vehicles (ATVs), tractors, fork lifts, quad bikes, dump trucks, go-karts, and other products. These vehicles have features such as front and rear lights, MP3 player inputs, indicators, horn, and remote control. Manufacturers are also planning to include features such as digital light emitting diodes battery meters, dashboard with cameras streaming audio and videos, and Wi-Fi. Some of the ride-on vehicles manufacturers are also incorporating solar technology in outdoor ride-on vehicles.

Competitive landscape and key vendors

The market is characterized by the presence


September 23, 2016 | 67 Pages | SKU: IRTNTR10505

Overview of the global aquarium accessories market

Technavio’s market research analyst predicts the global aquarium accessories market to grow at a CAGR of almost 5% over the forecast period. Fish keeping has become one of the most popular hobbies among millions of enthusiasts across the globe, and most of the fish species kept in aquariums are freshwater species. The surging demand for ornamental fish among hobbyists is one of the major driving forces contributing to the sales of aquarium accessories. Hobbyists are increasingly seeking products such as aeration equipment, substrate, tanks, ornaments, and fish food.  The growing interest of individuals in keeping aquarium fish has resulted in the establishment of new stores that sell aquarium-related products and services such as installations, maintenance, and cleaning. The aquarium stores are also employing skilled and knowledgeable staff to assist consumers in maintaining their aquariums regularly at their residence.

The market is witnessing the growing preference for technology-integrated products among aquarists and hobbyists. As a result, most manufacturers are introducing equipment for recreating aquariums that are small, smart, and more efficient to facilitate the easy maintenance and cleaning of the aquarium. Aquariums are also being designed to be compact to house corals and delicate reef vertebrates. Furthermore, some vendors are also coming up with energy efficient aquarium accessories and new programmable smart devices that offer maintenance-free performance for aquarists and hobbyists. These devices are more reliable and require less monitoring. Smart devices such as aquarium control systems help hobbyist to manage pH, conductivity, dissolved oxygen, oxidation-reduction potential parameters, and lighting simultaneously.

Competitive


September 23, 2016 | 70 Pages | SKU: IRTNTR10504

Overview of the global premium denim jeans market

Technavio’s market research analyst predicts the global premium denim jeans market to grow steadily and post a CAGR of more than 8% over the forecast period. The recent rise in the number of young professionals and the provision to wear casual clothes in most workplaces are the major drivers fostering growth in the premium denim jeans market. Good fit, style, and durability are the major attributes that have increased the preference for premium denim jeans.  Many manufacturers are replacing the cotton with synthetic fibers for manufacturing denim jeans owing to the growing demand for comfort stretch denim among consumers. Earlier the stretch material was only restricted to women with bottom wear products such as leggings and jeggings. However, the convenience and comfort offered by these materials have attracted the attention of many male customers. The availability of different fits and cuts in these denim satisfies different types of customers, which will further augment sales of premium denim jeans in the coming years.

As per this industry analysis, APAC will be the fastest growing market for premium denim jeans during the estimated period. In this region, China will emerge as the key revenue contributor to the region’s market. The widespread availability of premium denim jeans has resulted in the momentous growth of the market, especially through online sales channels. Factors such as the increasing penetration of premium denim jeans brands and their rising awareness among consumers are also driving the prospects for market growth in the region. Skinny jeans constitute the highest selling segment in the market due to their comfortable material, which allows flexible movement and versatility.

Competitive landscape and key vendors

The


September 23, 2016 | 57 Pages | SKU: IRTNTR10301

Overview of the global travel irons market

Technavio’s market research analyst predicts the global travel irons market to grow at a CAGR of more than 4% during the forecast period. Travel irons are gaining popularity because of their basic functionality that offers an instant solution for quick ironing requirement anywhere, and quality outcomes. These small electric and cordless irons are portable, rechargeable battery-operated, and easy-to-carry. Consumers prefer carrying lightweight, portable traveling gadgets like travel irons to maintain a well-groomed look throughout their travel. Travel irons are more preferred by business travelers since they are useful to quickly iron clothes that are needed to be worn for business presentations. With the increase in global outbound travel, it is predicted that the utility of travel irons would increase significantly during the forecast period.

Vintage-style travel irons with retro gadget looks are gaining huge popularity on the e-commerce websites. Most of these vintage-style travel irons are foldable and possess variable control settings for greater efficiency. The materials used to manufacture these retro-styled travel irons are metals, stainless steel, and Bakelite. The aesthetic appeal of antique irons such as stylish classic design and unique body colors has led to their high sales. Most of these gadgets are procured for gifting purposes.

Competitive landscape and key vendors  

The global travel irons market is moderately competitive with the presence of several leading conventional iron brands who offer a wide variety of models. Providing products at low prices is one of the key strategies followed by the players of small


September 22, 2016 | 95 Pages | SKU: IRTNTR9886

Global outlook of the recliner sofas market

Technavio’s market research analyst predicts the global recliner sofas market to grow at a CAGR of more than 6% by 2020. The number of private label brands is increasing significantly in the recliner sofas market, which has intensified the competition for the existing global and regional vendors. Private labels such as Jedd, Alessandro, Beckett, and Liam from Macy’s are challenging the retail prices of branded labels. The popularity of these labels has been growing in developed markets such as the US, Germany, France, Australia, and the UK, owing to the improvement in the quality of the products offered by these labels, which has restricted the growth of the major brands in the market. Moreover, the entry of these private labels enables consumers to procure living room furniture products at comparatively lower prices. The growing presence of these private label sofa brands is envisaged to positively influence the recliner sofas market, especially in terms of gaining consumer interest, during the forecast period.

North America will continue to lead the recliner sofas market during the forecast period and is anticipated to occupy more than 35% of the total market revenue by 2020. Factors such as increasing spending on furniture by the youth population and growth of the organized retail sector are the major drivers for the market growth in this region. Organized retailers such as department stores, hypermarkets, and club houses are the major revenue contributors to the market in North America. The growing sales of recliner sofas from the furniture and furnishings stores segment will boost revenues in the overall market during the predicted period.

Competitive landscape and key vendors

The global recliner sofas market is marked by the presence of


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