This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Changing channels: High interest rates and a cooling housing market are expected to cause a decline in revenue in 2023-24
Industry revenue is expected to decline at a compound annual rate of 3.5% over the five years through 2023-24 to £13.5 billion. The industry's performance is based mainly on UK consumer buying trends and overall economic sentiment. Government initiatives supporting homebuyers have enhanced the sector's success, encouraging residential property transactions and consequent demand for household appliances. The weak pound has also bolstered industry revenue, enabling companies to hike their prices. Furthermore, continuous consumer interest in the latest technology has also spurred revenue growth. This is evident in the rising popularity of new TV technologies like OLED screens, 4K Ultra HD and smart TVs offering streaming options for streamed video-on-demand services like Netflix and Amazon Prime. These technological advancements help to counterbalance the digital convergence trend seen with smartphones and laptops.
Operators in the industry wholesale and distribute household appliances, including televisions, radios, fridges, washing machines, heaters, cameras, and other small electrical household appliances. The industry does not include the wholesale of CDs, DVDs or the equipment these are played on.
Table of Contents
About this Industry- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
Industry Performance
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
Operating Conditions
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Samsung Electronics (UK) Ltd
- BSH Home Appliances Ltd
Methodology
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