DVD, Game & Video Rental in Canada
The DVD, Game and Video Rental industry in Canada experienced a massive contraction over the past five years due to increased pressure from nonindustry competitors, including video streaming websites, on-demand services and rental kiosks. The affordability and flexibility associated with these substitutes compelled consumers to rent DVDs, games and videos from these competitors, diminishing demand for industry services. Over the five years to 2018, consumers pivoted almost exclusively to subscription streaming services such as Netflix for their home entertainment needs, which can be viewed across a range of digital platforms. Over the next five years, online content, such as streaming and downloaded media, will continue to service an increasing share of industry demand. As consumer spending increases, consumers will opt for more long-term services, such as subscription-based streaming. These competitors will retain their cost advantages, pressuring industry operators to maintain lower prices and profit margins.
This industry comprises operators that rent out prerecorded media such as movies, TV and video games. This industry excludes revenue generated from mail-distributed, kiosk-distributed, on-demand and online streaming rentals.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook