Power play: Strong competition from imported products puts pressure on industry operators

The Consumer Electronics Manufacturing industry has grown over the five years through 2018-19. However, revenue has been volatile and the industry has faced a number of challenges, such as decreasing demand for UK-manufactured consumer electronics despite lower prices and new product releases. This has been exacerbated by falling consumer confidence and constrained disposable income in the current year. Price contractions have resulted in an overall decline in the value of sales. Consumer electronics are increasingly being manufactured abroad where labour costs are lower and supply chains are deep. The industry is highly globalised, although both import and export data is inflated by re-export activity. A...read more.

Industry Statistics & Market Size
Revenue
£678.6m
Annual Growth 14-19
2.8%
Forecast Growth 19-24
Profit
Employment
5,871
Businesses
529
Market Share of Companies

Industry Threats & Opportunities

  • Industry operators that offer high-quality products are likely to be the most successful
  • The depreciation of the pound has considerably boosted industry exports
  • Firms may be able to benefit from direct sales through online channels over the next five years
  • Industry Report - Industry Locations Chapter

    The location of establishments in the Consumer Electronics Manufacturing industry is determined by many factors, including historical factors, export markets and the availability of relatively low-cost raw materials and labour.Proximity to suppliers and customers is a major factor affecting the location of establishments in the industry. Establishments benefit from being located near suppliers since this minimises transport costs. Being located near customers also boosts demand because customers tend to purchase from establishments in their vicinity. Therefore, areas in the United Kingdom that are highly populated and that house various downstream manufacturing facilities are more likely to have more consumer electronics manufacturers than other regions...purchase to read more.

    Additional Insights for the Consumer Electronics Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Consumer Electronics Manufacturing Industry are

  • Having contacts within key markets
  • Access to the latest available and most efficient technology and techniques
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Real effective exchange rate and Consumer confidence index in the Consumer Electronics Manufacturing industry impact industry performance..

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    What's in this report

    What is the Consumer Electronics Manufacturing Industry?

    Companies in this industry manufacture electronic audio and video equipment for home entertainment, television monitors and displays, video game consoles, public address systems and amplifiers.

    Industry Products
  • TV monitors, receivers and radios
  • Sound systems, headphones and speakers
  • Amplification equipment
  • Video games consoles
  • Industry Activities
  • TV and TV monitor
  • Radio receiver
  • CD and DVD player
  • Audio recording and duplicating system
  • Stereo system, speaker system, amplifier and headphones
  • Household video camera
  • Microphone
  • Jukebox and karaoke machine
  • Video-game console
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real effective exchange rate
  • Consumer confidence index
  • Real household disposable income
  • Average real wage

  • Current Performance
  • Rapid advancement
  • Moving overseas
  • Exchange rate
  • Electrifying innovation
  • Enterprise trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Product developments
  • Consumer behaviour
  • Inflation and pressure
  • Blurred lines
  • Exports and employment
  • Table: Consumer Electronics Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Consumer Electronics Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Motor Vehicle Manufacturing
  • Electronic & Telecommunications Equipment Wholesaling
  • Audio & Video Equipment Retailers

  • Key Selling Industries
  • Electronic Component Manufacturing
  • Manufacture of Plastic Plates, Sheets, Tubes and Profiles

  • Products & Services
  • Sound systems, headphones and speakers
  • Other
  • Amplification equipment
  • TV monitors, receivers and radios
  • Video games consoles
  • Chart: Consumer Electronics Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Retailers
  • Car and yacht manufacturers
  • Chart: Major Market Segmentation for the Consumer Electronics Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Consumer Electronics Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Consumer Electronics Manufacturing Industry

  • Industry Globalization
    B&W Group Limited,
  • Table: B&W Group Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Consumer Electronics Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Consumer Electronics Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    4K
  • A type of resolution that measures horizontal pixels and measures approximately four times as many pixels as HD resolution.
  • Cathode Ray Tube (Crt) Tv
  • An old-fashioned type of television. Production of these has all but ceased because they have been superseded by LCD TVs.
  • Liquid Crystal Display (Lcd) Tv
  • A type of television that uses an electronic visual display and can be easily made into flat-panel displays
  • Re-Exports
  • Exports of imported goods.
  • Tv Peripherals
  • TV peripherals are devices that connect to televisions in order to offer additional functionality such as video playback devices.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Consumer Electronics Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Consumer Electronics Manufacturing:
    • 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 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 Consumer Electronics Manufacturing 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 Consumer Electronics Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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