Newsagencies in Australia - Industry Market Research Report

Newsagencies in Australia - Industry Market Research Report

Newsagencies in Australia

Newsagencies have faced challenging trading conditions in recent years. Declining newspaper circulations, reduced magazine titles and diminished stationery sales have eroded industry revenue. The catalyst for the current state of the newsagency industry stems from systemic change in readership patterns and how consumers access these mediums. Rising internet subscriber numbers and growing online connectivity have shifted how consumers access news and magazine content. The rapid uptake of online shopping has also changed how consumers shop and what they buy online. While discretionary income growth has given consumers the means to buy discretionary goods, volatile consumer sentiment has cut expenditure on non-essential products. Newsagencies selling lottery products have also been hit, thanks to deteriorating per capita gambling expenditure, in the wake of the COVID-19 pandemic. Industry revenue is expected to dive at an annualised 6.1% over the five years through 2022-23, to $1.5 billion. This trend includes an anticipated drop of 3.7% in 2022-23.

Industry operators primarily retail newspapers, magazines, stationery and greeting cards. These businesses may also sell lottery products, gifts, party items, plush goods, toys, tobacco products, confectionery and beverages. Businesses may trade as a shop, a subagent, or offer home delivery or any combination of these activities.

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.