The Consumer Electronics Stores industry, which relies on consumer spending, has met weak sales over the five years to 2015, due to slow growth in per capita disposable income and consumer confidence, as well as increased external competition from mass merchandisers and online retailers that offer lower prices. This has resulted in declining sales of goods retailed by this industry. In the five years to 2020, the industry is forecast to exhibit more steady growth. Revenue will be bolstered by improvements in key drivers, such as per capita disposable income, consumer spending and the rate of unemployment, as the economy continues to strengthen.
This industry retails a range of appliances, electrical goods and home entertainment products, such as dishwashers, TVs and computers. Industry operators purchase goods from manufacturers or wholesalers, which are then sold to the general public in stores or online. New purchases dominate the market, but many stores also offer repair services, while some sell used goods. The industry excludes establishments primarily engaged in retailing computers, software and camera supplies.
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.