Household Appliance & Television Wholesaling in the UK - Industry Market Research Report

Household Appliance & Television Wholesaling in the UK - Industry Market Research Report
Household Appliance & Television Wholesaling in the UK

Industry revenue is expected to decline at a compound annual rate of 3.5% over the five years through 2023-24 to £13.5 billion. The industry's performance is based mainly on UK consumer buying trends and overall economic sentiment. Government initiatives supporting homebuyers have enhanced the sector's success, encouraging residential property transactions and consequent demand for household appliances. The weak pound has also bolstered industry revenue, enabling companies to hike their prices. Furthermore, continuous consumer interest in the latest technology has also spurred revenue growth. This is evident in the rising popularity of new TV technologies like OLED screens, 4K Ultra HD and smart TVs offering streaming options for streamed video-on-demand services like Netflix and Amazon Prime. These technological advancements help to counterbalance the digital convergence trend seen with smartphones and laptops.

Operators in the industry wholesale and distribute household appliances, including televisions, radios, fridges, washing machines, heaters, cameras, and other small electrical household appliances. The industry does not include the wholesale of CDs, DVDs or the equipment these are played on.

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.