No power: High-margin product segments will slow declines, but overall contraction will continue

The Consumer Electronics Stores industry in Canada has experienced poor performance over the last five years. While rising per capita disposable income levels have left consumers with an increased ability to pay for industry products, competition from mass merchandisers and online retailers that offer goods at competitive prices has increasingly siphoned sales away from industry operators. With rising levels of competition, many industry operators have struggled to attract customers to their stores. The industry is forecast to decline...read more.

Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 13-18
0.9%
Forecast Growth 18-23
Profit
Employment
60,601
Businesses
8,122
Market Share of Companies

Industry Threats & Opportunities

  • With rising levels of competition, many industry operators have struggled to attract customers to their stores
  • E-commerce retailers and mass merchandisers represent the largest sources of competition for operators
  • Many small players are likely to be unable to succeed financially in the difficult selling environment and will exit the industry
  • Industry Report - Industry SWOT Analysis Chapter

    The Consumer Electronics Stores industry in Canada is in the decline stage of its life cycle. Over the 10 years to 2023, industry value added (IVA), which measures the industry's contribution to the Canadian economy, is expected to decrease at an annualized rate of 0.5%. This rate indicates that the industry is in the decline phase of its life cycle, as the total Canadian economy is estimated to grow at a much faster annualized rate of 1.9% during the same period. The industry's decline can be largely attributed to increasing external competition and the waning popularity of many industry products. TVs...purchase to read more.

    Additional Insights for the Consumer Electronics Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Consumer Electronics Stores Industry are

  • Ability to control stock on hand
  • Attractive product presentation
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Demand from e-commerce and online auctions in the Consumer Electronics Stores industry impact industry performance..

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    What's in this report

    What is the Consumer Electronics Stores Industry?

    This industry retails a range of appliances, electrical goods and home entertainment products, such as dishwashers, TVs and computers. Industry operators purchase goods from manufacturers or wholesalers, which are then sold to the general public in stores or online. New purchases dominate the market, but many stores also offer repair services, while some sell used goods.

    Industry Products
  • TV and audiovisual equipment
  • Computer hardware and software
  • Appliances
  • Cameras and photo equipment
  • Telephones, including mobile phones
  • Industry Activities
  • Retailing consumer electronics (e.g. radios, TVs, digital cameras, video games and computers)
  • Retailing mobile phones, smartphones and accessories
  • Retailing new household appliances (e.g. refrigerators, washing machines and ovens)
  • Retailing new personal appliances (e.g. hair dryers, curling irons and electric razors)
  • Offering repair services in conjunction with operations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Demand from e-commerce and online auctions
  • Housing starts
  • Number of adults aged 20 to 64

  • Current Performance
  • Demand conditions and external competition
  • Industry composition and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition
  • Demographic and economic trends
  • Energy-efficient appliances
  • Industry profit
  • Table: Consumer Electronics Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Consumer Electronics Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing in Canada
  • Computer Manufacturing in Canada
  • Electronic Part & Equipment Wholesaling in Canada
  • Major Household Appliance Manufacturing in Canada
  • TV & Appliance Wholesaling in Canada

  • Products & Services
  • Computer hardware and software
  • Telephones, including mobile phones
  • Appliances
  • TV and audiovisual equipment
  • Cameras and photo equipment
  • Chart: Consumer Electronics Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 30 to 39
  • Consumers aged 40 to 54
  • Consumers aged 55 to 64
  • Consumers aged 29 and younger
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Consumer Electronics Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Consumer Electronics Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Consumer Electronics Stores Industry

  • Industry Globalization
    Best Buy Canada Ltd.,
  • Table: Best Buy Canada Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Consumer Electronics Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Consumer Electronics Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blu-Ray
  • An optical disc format designed to display high-definition video and store large amounts of data.
  • Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Point Of Sale (Pos)
  • A system used at checkout in retail stores using computers and cash registers to capture transaction data at the time and place of sale.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Smartphone
  • A mobile phone that offers advanced PC-like capabilities.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Consumer Electronics Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Consumer Electronics Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Consumer Electronics Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Consumer Electronics Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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