Industry Analysis & Industry Trends
Operators in the Household Appliance and Television Wholesaling industry distribute household items such as laundry appliances, cooking appliances and TV sets to retailers. The industry plays an essential role in distributing a variety of goods to the downstream retail industry. Its performance is therefore highly dependent on the UK consumer backdrop. After commencing the period on a low base, following the downturn, the industry has been recovering gradually. As the economy has strengthened, households have increased their discretionary spending, stimulating demand from key downstream markets.
Over the five years through 2016-17, industry revenue is estimated to contract at a compound annual rate of 2.4% to £12.9 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature stage of its life cycle. The value that the industry adds to the economy is weakening, a key indicator of its maturing life cycle stage. During the decade through 2021-22, the industry's contribution to the overall economy is expected to increase at a compound annual rate of 1.7%. In contrast, GDP is projected to rise at a compound annual rate of 2.3% over the same period. The per capita consumption of industry products is lower than wider GDP growth because the majority of homes already own TVs, radios and most of the main large appliances. However, technological advances are expected to help the industry as consumers swap older appliances for newer and more efficient versions.
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