Consumer Electronics Stores in the US - Industry Market Research Report

Consumer Electronics Stores in the US - Industry Market Research Report

  • February 2019 •
  • 38 pages •
  • Report ID: 4640182 •
  • Format: PDF
Short circuit: Despite economic recovery, competition will stunt revenue growth

Abstract

Consumer Electronics Stores in the US
Consumer electronics and appliances are staples in US 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 increasing external competition. Consumer confidence and spending grew over the five years to 2019, but not enough to lift the industry out of its mild decline due to fierce competition from online retailers, discount retailers and department stores. Furthermore, consumers of industry products have shifted their business over to online or discount retailers since they are more convenient and tend to offer a variety of products at lower prices. As a result, industry revenue is expected to decrease during the current period. Over the five years to 2024, the industry is expected to continue declining, despite the economy strengthening overall. Mounting competition from online retailers and increases in sales taking place online can be attributed to this projected decline.

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 (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.
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