SEARCH   
MEMBER LOGIN      
Forgot Password?

Audio & Video Equipment Retailers in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Audio & Video Equipment Retailers Market Research Report | SIC G47.430 | Feb 2017

A lower volume: Continued competition from online retailers causes revenue to decline

The Audio & Video Equipment Retailers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Richer Sounds plc Richer Sounds plc market share
Industry Statistics & Market Size
Revenue
£471m
Annual Growth 12-17
-2.5%
Annual Growth 17-22
Purchase to read more
Profit
Purchase to read more
Employment
6,078
Businesses
755
Industry Analysis & Industry Trends

The Audio and Video Equipment Retailers industry comprises businesses that sell products such as TVs, audio and video players and recorders, portable players and audio and video accessories. In recent years, retailers have been adversely affected by several factors. The economic downturn resulted in high unemployment and uncertainty among consumers, who reduced their spending on discretionary goods. This change in consumer behaviour affected retailers and industry revenue slumped on account of the lack of demand. Over the five years through 2016-17, IBISWorld estimates that industry revenue will decrease at a compound annual rate of 2.5% to reach £471.4 million.

Industry retailers have also faced increasing external competition from department stores and online retailers... purchase to read more

Industry Report - Starting a New Business Chapter

Overall, there are moderate barriers to entry for the Audio and Video Equipment Retailers industry. The major expense faced by new entrants is the cost of acquiring retail space with close proximity to consumers and acquiring stock. The established players in the industry have access to economies of scale, meaning they are able to apply discounts because of the amount of products they purchase. They typically have an established and trusted relationship with suppliers, which makes the task of acquiring stock easier. Employees must be adequately trained, as they are required to have good knowledge of the product, which helps when selling to customers.

Once in the industry, new entrants face a number of barriers to success. Ret.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Audio & Video Equipment Retailers Industry?

Operators in this industry retail audio and video equipment. Products include radios, TVs, audio and visual accessories and audio and video players and recorders. The industry does not include the retail of musical instruments and musical scores. These services are found in the Musical Instrument Retailers industry (IBISWorld report G47.591). This industry also excludes online-only retailers, which are included in the E-commerce & Online Auctions industry (IBISWorld report G47.910).

Industry Products
TVs and home cinema systemsPlayers and recordersHi-fi equipmentPortablesSpeakersHeadphones
 
Industry Activities
Selling radio and TV equipmentSelling audio and video equipmentSelling CD and DVD players and recorders


View Sample
Quote
Select Clients