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. Consumers have been delaying appliance purchases and cutting back on discretionary electronic items. Meanwhile, the rise of online retailers added to the industry's already robust competition; industry operators also compete with discount retailers and department stores. Over the next five years, the continued economic recovery will drive renewed consumer spending and carry the industry into a somewhat stunted comeback. Demand for tablet computers and mobile devices will drive this growth.
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).
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.