Out of tune: Strong competition from external retailers has put the industry on standby

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. High unemployment and weak consumer confidence at the start of the period resulted in consumers reducing 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 2018-19, IBISWorld estimates that industry revenue will decrease at a compound annual rate of 1.3% to reach £486.1 million...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Competition from department stores and online retailers has caused revenue to decline
  • Competition from external retailers selling discounted industry products during Black Friday has risen
  • The industry could face higher purchase costs if trade barriers are introduced once Britain leaves the European Union
  • Industry Report - Industry Investment Chapter

    The Audio and Video Equipment Retailers industry has a low level of capital intensity, which reflects the labour-intensive nature of the retail trade sector. In 2018-19, for every £1.00 spent on wages, industry operators will typically invest 9p in capital. Industry employees are required to have a significant amount of product knowledge in order to answer queries from customers. Richer Sounds, in particular, places substantial emphasis on customer service and asks its customers for feedback on the service provided. For this reason, industry wages are higher than the retail sector average. Employees are also required to stock the shelves and carry out administrative duties.The level of capital intensity is expected to have increased over the past five years. In ...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..

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    What's in this report

    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 systems
  • Players and recorders
  • Hi-fi equipment
  • Portables
  • Speakers
  • Headphones
  • Industry Activities
  • Selling radio and TV equipment
  • Selling audio and video equipment
  • Selling CD and DVD players and recorders
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Total online expenditure
  • Demand from department stores
  • IT and telecommunications adoption

  • Current Performance
  • Input costs
  • Competitive pressures
  • Black Friday
  • Technology amplifies sales
  • Chart: Revenue Growth

  • Industry Outlook
  • Products converge
  • The 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

  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Audio & Video Equipment Retailers

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Audio & Video Equipment Retailers Industry

  • Industry Globalization
    Richer Sounds plc,
  • Table: Richer Sounds plc - financial performance

  • 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
    Table: Industry Data for the Audio & Video Equipment Retailers Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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.
  • Oled
  • A form of LED display that exhibits better picture quality and energy efficiency than traditional LED displays.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Audio & Video Equipment Retailers 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
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    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 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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