Industry Analysis & Industry Trends
Consumers love electronic gadgets. Demand for consumer electronics, such as flat-panel TVs, headphones and high-definition video is growing as a result of falling prices and the release of new and enhanced products. However, the steep fall in prices has negatively affected the value of sales. In addition, consumer electronics are increasingly being manufactured in foreign countries where labour costs are low and supply chains are deep. The UK Consumer Electronics Manufacturing industry is expected to generate revenue of £1.9 billion in 2013-14, down 7.7% from 2012-13. The industry is highly globalised, with exports estimated to amount to £1.8 billion and imports to approximately to £6.0 billion in 2013-14. Imports hold a large share of the domestic market... purchase to read more
Industry Report - Industry Locations Chapter
The location of establishments in the Consumer Electronics Manufacturing industry is determined by many factors, including historical factors, export markets and relatively low-cost raw materials and labour.
The proximity to suppliers and customers is a major factor affecting the location of establishments in the industry. Establishments benefit from being located near suppliers as this minimises transportation costs. Further, being located near customers will boost demand, as customers tend to purchase from establishments in their vicinity. Therefore, areas in the United Kingdom that are highly populated and that house various downstream manufacturing facilities are more likely to have more consumer electronics manufacturers than other regions... purchase to read more