Industry Analysis & Industry Trends
When buying an appliance, purchasers are often conscious of price, efficiency, durability, style and brand. Electric appliance manufacturers in the United Kingdom are challenged by relatively high costs compared with manufacturers located in countries where labour costs are low.
The total UK market for electric appliances will be worth an estimated £4.2 billion in 2011-12 (at producer and import prices), of which £3 billion, or 70.5%, will be satisfied by imports. UK manufacturers of electric appliances are expected to generate revenue of £1.79 billion in 2011-12, down 0.4% on the previous year.
Revenue of the Electrical Appliance Manufacturing industry in the United Kingdom is expected to fall at an average annualised real rate of 8.1%.. purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The UK Electric Appliance Manufacturing industry is in decline. Industry value added is forecast to increase at an average annualised rate of 0.9% in the five years through 2016-17, while the UK economy (GDP) is forecast to grow at an average annualised real rate of 2.0%. This means that the industry will account for a decreasing share of the UK economy.
The low level of capital spending in this industry seems to indicate that capital stock is being depleted and that this UK industry has limited, if any, growth prospects. Some local manufacturers have rationalised plants in the United Kingdom. Some local manufacturers have transferred their production capacity from the United Kingdom to other countries where production and labour costs are relatively low... purchase to read more