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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

IBISWorld’s Audio & Video Equipment Retailers market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
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Profit
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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 - Industry SWOT Analysis Chapter

The Audio and Video Equipment Retailers industry is in the decline stage of its life cycle. The value that the industry adds to the economy is weakening, which is a key indicator of its declining life cycle stage. Over the 10 years through 2021-22, industry value added, the industry's contribution to the economy, is expected to decrease at a compound annual rate of 3.7%. GDP is expected to grow at a compound annual rate of 2.3% over the same period. Industry participants have been affected by consumer trends and high external competition. Lower prices quoted by external retailers have forced operators to slash prices, which has placed a great amount of pressure on industry profit margins. Many retailers have been unable to cope and have exited the industry. Oth.. 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


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