Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Industries with Least Risky Business Environments in Australia in 2024
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View a list of the Top 25 industries with least risky business environmentsBusiness Environment Risk for 2024: 3.15
Australia's geographic position is ideal for space activities as Australia looks directly into the centre of the galaxy. This factor makes Australia a vital contributor to global deep space observation and communication systems. Regional Australia is ideal for industry establishments because of the lack of light pollution and radio frequency interference. Multinational space projects also operate in Australia, including large radio telescope facilities and ground station systems.
Satellite services include satellite tracking and communications telemetry, as well as operating radar stations, satellite terminal stations and associated facilities. Other communications companies are key customers for the industry. Despite new space technology's heightened... Learn More
Business Environment Risk for 2024: 3.26
The Multi-Unit Apartment and Townhouse Construction industry has benefited from a long-term shift in dwelling preferences away from traditional single-unit houses towards higher density apartment and townhouse construction. A surge in single-unit house construction under the Federal Government's HomeBuilder stimulus, along with adverse trends in multi-unit dwelling investment, has reversed this trend in recent years. Revenue has been decreasing at an annualised 6.8% over the past five years and is expected to total $43.6 billion in 2022-23, when revenue is estimated to inch upwards by 0.9% as the economy gradually recovers from the pandemic.
Revenue surged to an unprecedented peak in... Learn More
Business Environment Risk for 2024: 3.43
The Solid Waste Collection Services industry has grown over the past five years. An expanding population, which has increased waste volumes from households, has supported the industry. However, the COVID-19 pandemic has partially offset revenue growth, as social distancing measures have reduced demand from some downstream markets, such as construction and hospitality. Overall, industry revenue is expected to increase at an annualised 3.6% over the five years through 2023-24, to $7.1 billion. This trend includes an anticipated rise of 0.9% in the current year, primarily due to the continued economic recovery from the COVID-19 pandemic, and its associated supply chain... Learn More
Business Environment Risk for 2024: 3.43
Performance in the Money Market Dealers industry has been taking a hit. Overall turnover volume has dropped, and corporate dept securities issuance declined after the COVID-19 outbreak. The RBA introduced the Term Funding Facility (TFF) in March 2020, which has provided authorised deposit-taking institutions (ADIs) with low-cost fixed-rate funding for three years. ADIs have been opting for longer-term options over short-term debt securities because of this funding, which has dampened industry performance. Revenue is expected to fall at an annualised 2.4% to $6.3 billion over the five years through 2022-23, and profit margins are also set to contract. This trend... Learn More
Business Environment Risk for 2024: 3.62
Firms in the Motor Vehicle Electrical Services industry have come through mixed operating conditions in recent years, but the industry has emerged in a strong position. Volatile consumer sentiment has exerted some downward pressure on demand for industry services. Intensifying external competition, particularly from motor vehicle dealers, has also inhibited the industry's success. Even so, the number of vehicles on the road has climbed, as the population, disposable incomes and freight task have all strengthened. Overall, industry revenue is expected to expand at an annualised 2.1% over the five years through 2022-23, to $2.5 billion. This trend includes an anticipated... Learn More
Business Environment Risk for 2024: 3.68
The Pharmaceuticals Packing and Labelling Services industry's performance is closely linked to that of upstream pharmaceutical manufacturing operations. Industry operators have continued to benefit from manufacturers perceiving pharmaceutical packaging as integral to the drug delivery system. As competition has increased and life cycles have shortened for pharmaceutical manufacturers, pharmaceutical companies have increasingly used packaging to differentiate their products. Continuous development of innovative pharmaceutical products such as self-administered drug delivery devices is also driving demand for new pharmaceutical packaging products. Industry operators have also benefited from rapid technological change within the wider packaging sector.
Industry revenue is expected to grow by an... Learn More
Business Environment Risk for 2024: 3.69
Strong volatility in underlying subscriber numbers and average revenue per user (ARPU) has fostered an environment of industrywide revenue declines. Industry revenue is expected to slide at an annualised 5.1% over the five years 2022-23 to total $726.4 million. This trend includes an anticipated jump of 3.2% in 2022-23.
Frequent merger and acquisition activity among mobile virtual network operators (MVNOs) and mobile network operators (MNOs) has exacerbated industry market share concentration. When Optus acquired amaysim, the dominant industry force, it highlighted a consistent trend where MVNOs were acquired yet their brands continued to operate separately from their acquirer's. The COVID-19 pandemic... Learn More
Business Environment Risk for 2024: 3.70
The Sports Administrative Services industry has capitalised on the surging value of broadcast rights. TV broadcasters, pay TV providers and streaming services have intensely competed for exclusive access to the rights to broadcast live sporting events, especially for popular national competitions like the NRL or the AFL. Over the past decade, Increasingly competitive bidding processes have driven up the price of broadcast agreements, which has driven revenue growth in the industry as a whole. Overall, industry revenue is expected to rise at an annualised 4.3% over the five years through 2022-23, to $7.7 billion.
Despite a steady growth in broadcast revenue,... Learn More
Business Environment Risk for 2024: 3.73
Providers in the Art and Non-Vocational Education industry offer various educational services to downstream markets, including both households and businesses. The industry is highly fragmented – many providers are owner-operators, and for segments like providing driving lessons, music lessons and tutoring, it's relatively easy to start up operations. However, providers must contend with well-established firms in their respective segments, meaning that barriers to entry and competitive conditions can vary among different types of education. Providers tend to rely on favourable trends in business confidence, net migration and household discretionary income, since these factors can markedly influence performance.
Border restrictions during the... Learn More
Business Environment Risk for 2024: 3.73
Funds management services have grown in recent years as the portion of funds sourced from overseas markets has significantly increased. Overseas markets have given fund managers access a larger asset bases, and boosted volumes of assets under management (AUM). Despite a larger international presence, fund management services revenue is expected to grow only marginally, at an annualised 0.1% through the end of 2022-23, to $11.6 billion. The COVID-19 outbreak and subsequent inflationary pressures led to significant uncertainty and volatility in financial markets and caused global economic headwinds. A wider general recovery from the pandemic's negative economic effects has benefited the... Learn More
Based on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Most Profitable Industries in Australia in 2024
VIEW ARTICLEBased on the expert analysis and our database of 750+ AU industries, IBISWorld presents a list of the Fastest Growing Industries in Australia by Revenue Growth (%) in 2024
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