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Consumer Electronics Manufacturing in the UK - Industry Market Research Report

Consumer electronics manufacturing market in the United Kingdom to decline 1.4% CAGR between 2014-19


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2014-01-21 12:59:01 - Consumer Electronics Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

Consumers love electronic gadgets. Demand for consumer electronics, such as flat-panel TVs, headphones and high-definition video is growing as a result of falling prices and the release of new and enhanced products. However, the steep fall in prices has negatively affected the value of sales. In addition, consumer electronics are increasingly being manufactured in foreign countries where labour costs are low and supply chains are deep.

The UK Consumer Electronics Manufacturing industry is expected to generate revenue of £1.9 billion in 2013-14, down 7.7% from 2012-13. The industry is highly globalised, with exports estimated to amount to £1.8 billion and imports to approximately to £6.0 billion in 2013-14.

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