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 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 1.4% for the 10 years through 2018-19, while GDP is expected to grow at a compound annual rate of 1.3% 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 and 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 will decline. Import penetration in the UK consumer electronics is very high and is expected to increase... purchase to read more