The market is dominated by foreign suppliers, as imports account for 69.3% of total market size in 2023. Households drive market demand, with household spending representing 87.8% of total demand in 2023. The UK has the largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD18.1 billion in 2023. Harman International Industries Ltd is the largest company in the UK, generating 37.1% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 80.6% of total production value in 2023. The total number of companies decreases in 2023, to 1,552 units. The costs of the industry increase by 3% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 17.0% of production value in 2023, the seventh highest regionally. The industry’s exports share increases in 2023 to 30.6% of total production output. With production value of USD1.2 billion, the UK accounts for 6.9% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in the United Kingdom: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in the United Kingdom: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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