FRANCHISE MARKET ANALYSIS
2023
and Anticipated Trends for 2024
Let us look at the franchise market analysis for 2023 and the anticipated trends for 2024.
These will help assess the changes occurring in the sector and its future.
Australia Franchise Market Analysis 2023
The Australian franchise industry reached a market size of $169.5 billion in 2023, lower than expected due to the impact of the COVID-19 pandemic. The industry faced declining revenue, layoffs, and closures. However, there has been some improvement in 2023, and the industry is expected to recover by 2029.
