Switching off: Strong import competition has encouraged offshoring and limited revenue

Over the past five years, the Consumer Electronics Manufacturing industry has been challenged by falling consumer confidence and international competitiveness. This has affected all segments of the industry, including electronic audio and video equipment for home recording and reproduction; TVs, monitors and displays; video game consoles; public address systems; and amplifiers. However, over the five years through 2018-19, industry revenue is expected to grow at a compound annual rate of 0.8% to reach £615.7 million, although this hides a very high level of volatility...read more.

Industry Statistics & Market Size
Revenue
£615.7m
Annual Growth 14-19
0.8%
Forecast Growth 19-24
Profit
Employment
5,369
Businesses
503
Market Share of Companies

Industry Threats & Opportunities

  • Operators invested in R&D and automation to remain internationally competitive
  • Consumers’ desire for products that provide convenience has propelled industry demand
  • Large retailers’ ability to negotiate lower prices is expected to put pressure on industry profit
  • Industry Report - Industry SWOT Analysis Chapter

    The Consumer Electronics Manufacturing industry is in the decline stage of its life cycle. Over the 10 years through 2023-24, industry value added, which is a measure of the industry's contribution to GDP, is expected to decrease at a compound annual rate of 1.8%. Meanwhile, GDP is expected to grow at a compound annual rate of 1.7% over the same period. The number of operators in the industry is projected to decline over the 10-year period, while employment numbers are also expected to fall. Additionally, import penetration is very high and expected to remain high in the coming years.Large global firms owned by shareholders outside the United Kingdom (principally in Japan, South Korea and, increasingly, China) have gained a strong foothold in most segments of the industry. Som...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 Consumer confidence index and Real effective exchange rate 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 recording and reproduction, televisions, monitors and displays, video game consoles, public address systems and amplifiers.

    Industry Products
  • Sound systems
  • Amplification equipment
  • TVs, monitors and receivers
  • Microphones and headphones
  • Industry Activities
  • Manufacturing TVs and TV monitors
  • Manufacturing radio receivers
  • Manufacturing CD and DVD players
  • Manufacturing audio recording and duplicating systems
  • Manufacturing stereo systems, speaker systems, amplifiers and headphones
  • Manufacturing household video cameras
  • Manufacturing microphones and audio recording equipment
  • Manufacturing jukebox and karaoke machines
  • video-game consoles
  • Table of Contents

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

  • Current Performance
  • Amped up advancement
  • Streaming innovation
  • Exchange rate
  • Moving overseas
  • Chart: Revenue Growth

  • Industry Outlook
  • Consumer trends
  • Inflation and offshoring
  • Competitive pressure
  • International effects
  • 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
  • E-Commerce & Online Auctions

  • Key Selling Industries
  • Electronic Component Manufacturing
  • Loaded Electronic Board Manufacturing
  • Other Electronic Wire & Cable Manufacturing

  • Products & Services
  • Sound systems
  • Amplification equipment
  • Other
  • Microphones and headphones
  • TVs, monitors and receivers
  • 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
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Consumer Electronics Manufacturing

  • Basis of Competition
    Internal competitionExternal 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 Tv
  • An old-fashioned type of television. Production of these has all but ceased because they have been superseded by LCD TVs.
  • Lcd Tv
  • Liquid Crystal display TV. A type of television that uses an electronic visual display and can be easily made into flat-panel displays.
  • Re-Exports
  • Imported goods that are re-exported without any alterations being made to the product.
  • 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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