Verdict Research: UK Video Games and Consoles Retailing 2008 is forecast to experience massive growth over the next five years, bringing in new retailers to market and driving expansion plans among existing players. This report analyses the market dynamics, growth trends and drivers and looks at the key distribution channels and the leading retailers.
Scope
Market size and sources of growth 2003-2008 and forecasts through to 2013.
Channels of distribution including specialists, non-specialists, grocers and pureplay online retailers.
Profiles of the strengths and weaknesses of leading retailers within those channels and their future outlook
Why video games spending is defying the downturn
Highlights
In 2008 we believe video games sales will overtake music & video sales for the first time. Video games are proving themselves the stand-out performer in a sluggish retail environment, enjoying explosive growth at odds with other sectors. When this upsurge is over, video games will find itself a more significant contributor to the retail market.
The reason for this is growth in the demographic, driven by technological innovation. Although leading specialist Game and a number of well-run independents are well-placed to profit on the buoyant market, other retailers are also keen to benefit with grocers, online retailers and non-specialists all ramping up their participation in the sector.
The medium term prospects of the market are strong with the current generation of consoles set to see a peak in hardware sales in early 2009 and then enjoying strong software sales - driven by a widely installed console base, into the next decade. The accessories market will also continue growing rapidly, driven by innovation and new technology.
Reasons to Purchase
Assess the breakdown of the market - software, hardware and accessories sales, for the last three years and forecasts to 2013.
Analyse the key issues and drivers of the market such as pre-owned software, technological innovations and broadening appeal to new customer groups.
Understand the key strengths, weaknesses, opportunities and threats of the leading retailers in the market.
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