The Audio and Video Equipment Retailers industry comprises businesses that sell products such as TVs, audio and video players and recorders, portable players and audio and video accessories. Retailers have been adversely affected by several factors. The recession that struck the United Kingdom in 2008 resulted in high unemployment and uncertainty among consumers, who reduced their spending on discretionary goods. This change in consumer behaviour affected retailers and industry revenue slumped due to the lack of demand. Over the five years through 2014-15, IBISWorld estimates that industry revenue will decrease at a compound annual rate of 8.5% to reach £511.3 million.
Operators in this industry retail audio and video equipment. Products include radios, TVs, audio and visual accessories and audio and video players and recorders. The industry does not include the retail of musical instruments and musical scores. These services are found in the Musical Instrument Retailers industry (IBISWorld report G47.591)
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.