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 SWOT Analysis Chapter
The UK industry is considered to be in decline as production shifts to low cost jurisdictions. With industry value added (IVA) forecast to contract at a compound annual rate of 2.9% for the 10 years through 2019-20, while GDP is expected to grow at a compound annual rate of 2.1% for the same 10-year period. Conversely, on a global scale the industry is considered to be in a growth phase of its life cycle due to innovation, the introduction of new products and growing demand from emerging countries resulting in strong growth in sales volumes. Nevertheless, global profitability is very low.
In addition, the number of firms, establishments and employees is projected to decline. Import penetration in the UK consumer electronics is very high and is expected to increase... purchase to read more