Consumer electronics and appliances are staples in American households and include a wide range of items, from DVD players to refrigerators. The Consumer Electronics Stores industry, which largely relies on discretionary purchases of such products, has been plagued by sluggish growth in per capita disposable income and consumer confidence over the past five years. Consumer confidence grew over the past five years, but not enough to lift the industry out of its mild decline due to fierce competition from online retailers, discount retailers and department stores. Even as revenue has fallen over the past five years, profit margins have recovered from their 2012 figures. Over the next five years, continued economic strengthening will drive increasing consumer spending, but the industry will continue to contract.
Consumer electronics stores retail a range of new appliances, electrical goods and home entertainment products, such as dishwashers, TVs and computers. Many stores also offer repair services and some stores sell used goods. This industry does not include stores that primarily sell computers (Computer and Software Stores, IBISWorld Report 44312).
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.