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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Richer Sounds plc Richer Sounds plc market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • High external competition has forced operators to slash prices and resulted in lower revenue
  • Enterprise numbers are anticipated to decline as a result of intense pricing pressure
  • The post-referendum fall in the value of the pound is expected to boost costs
  • ... purchase to read more

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 Key Buyers Chapter

The Audio and Video Equipment Retailers industry is highly fragmented, illustrated in part by the large proportion of small players. The two largest players, Richer Sounds and Bang & Olufsen, control approximately 38.7% of the market. Other companies within the industry have market shares of less than 1% and typically serve only their local communities. As a result, the industry is considered to have a low level of market share concentration.

Market share concentration is expected to have increased over the past five years as difficult trading conditions have led to the exit of a number of retailers. Richer Sounds has maintained its dominance within the industry, with its market share being projected to have increased over the past five years. Thi.. purchase to read more

Additional Insights for the Audio & Video Equipment Retailers Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Audio & Video Equipment Retailers Industry are

  • Having a good reputation
  • Ability to quickly adopt new technology
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Total online expenditure in the Audio & Video Equipment Retailers industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Total online expenditure
  • Demand from department stores
  • IT and telecommunications adoption
  • Current Performance
  • Competitive pressures
  • Black Friday
  • Technology

    amplifies sales

  • Chart: Revenue Growth
  • Industry Outlook
  • Products converge
  • EU Referendum
  • Operating online
  • Table: Audio & Video Equipment Retailers Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Audio & Video Equipment Retailers Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Consumer Electronics Manufacturing
  • Household Appliance & Television Wholesaling
  • Products & Services
  • TVs and home cinema systems
  • Players and recorders
  • Hi-fi equipment
  • Portables
  • Speakers
  • Headphones
  • Other
  • Chart: Audio & Video Equipment Retailers Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Consumers aged between 35 and 54
  • Consumers aged between 25 and 34
  • Consumers aged between 55 and 64
  • Consumers aged 24 and under
  • Consumers aged 65 and over
  • Chart: Major Market Segmentation for the Audio & Video Equipment Retailers Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Audio & Video Equipment Retailers
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Audio & Video Equipment Retailers Industry
  • Industry Globalization
    Major Companies
    Richer Sounds plc
  • Table: Richer Sounds plc - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Audio & Video Equipment Retailers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Audio & Video Equipment Retailers Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • A newer form of digital media. The Blu-ray Disc is a high-capacity digital disc and a successor to the DVD.
  • Bricks-And-Mortar
  • A store with a physical building and a high-street presence.
  • High Definition (Hd)
  • The majority of video equipment sold today is high definition, which offers a sharper, more detailed moving image.
  • Led Tv
  • A form of LCD flat panel display that utilises an array of light-emitting diodes in the backlighting process in place of cold cathode fluorescent backlighting used in the majority of other LCD TVs.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Audio & Video Equipment Retailers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Audio & Video Equipment Retailers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Audio & Video Equipment Retailers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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