Industry Analysis & Industry Trends
Consumers love electronic gadgets. Demand for consumer electronics, such as flat-screen TVs, headphones and high-definition sound systems, is growing as prices fall and new products are released. However, the steep drop in prices has negatively affected the value of sales. Additionally, 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 2014-15, up 0.5% on the previous year. The industry is highly globalised, with exports estimated to amount to £1.8 billion and imports to approximately £6 billion in 2014-15. Imports satisfy a very 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 the availability of relatively low-cost raw materials and labour.
Proximity to suppliers and customers is a major factor affecting the location of establishments in the industry. Establishments benefit from being located near suppliers since this minimises transport costs. Being located near customers also boosts demand because 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