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Consumer Electronics Manufacturing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2028)

IBISWorld IBISWorld London, United Kingdom Last Updated: August 2024 SIC UK-C264

Revenue

£24.0bn

2024-25

£24.8bn

Past 5-Year Growth

Profit

£X.Xbn

Employees

83,974

Businesses

3,862

Wages

£X.Xbn

Consumer Electronics Manufacturing in the UK industry analysis

Demand for consumer electronics in Europe is largely met by imports from Asia, particularly China, due to the enormous production capacities and efficient supply chains. European production has to contend with higher labour costs, which makes it less competitive than Asian production. Japan and South Korea are leaders in this industry and focus on innovative R&D to produce high-quality, state-of-the-art consumer electronics. Over the five years through 2024, revenue is expected to rise at an annual rate of 0.1% to €24.0 billion. Profit has also risen despite intense competition from manufacturers in Asia.

Trends and Insights

  • Leading Asian manufacturers favour Central and Eastern Europe as production locations. Asia's consumer electronics giants operate factories in Central and Eastern Europe, where they benefit from a skilled workforce, low labour costs and access to the EU market.
  • Sound system manufacturers are focusing on providing a better user experience. Trends such as wireless connectivity and Dolby Atmos are revolutionising the sound experience through immersion and ease of use.
  • Asian manufacturers of consumer electronics dominate the market. Samsung and LG operate mass production facilities in Europe and have significant market shares.
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Top Questions Answered in this Report

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What is the market size of the Consumer Electronics Manufacturing industry in the United Kingdom in 2025?

The market size of the Consumer Electronics Manufacturing industry in the United Kingdom is £24.0bn in 2025.

How many businesses are there in the Consumer Electronics Manufacturing industry in the United Kingdom in 2024?

There are 3,862 businesses in the Consumer Electronics Manufacturing industry in the United Kingdom, which has grown at a CAGR of 2.4 % between 2019 and 2024.

Has the Consumer Electronics Manufacturing industry in the United Kingdom grown or declined over the past 5 years?

The market size of the Consumer Electronics Manufacturing industry in the United Kingdom has been growing at a CAGR of 3.3 % between 2019 and 2024.

What is the forecast growth of the Consumer Electronics Manufacturing industry in the United Kingdom over the next 5 years?

Over the next five years, the Consumer Electronics Manufacturing industry in the United Kingdom is expected to grow.

What does the Consumer Electronics Manufacturing industry in the United Kingdom include?

Sound systems and Sound systems are part of the Consumer Electronics Manufacturing industry in the United Kingdom.

How competitive is the Consumer Electronics Manufacturing industry in the United Kingdom?

The level of competition is high and increasing in the Consumer Electronics Manufacturing industry in the United Kingdom.

Everything you need in one report

  • Reliable market estimates from 2014-2029
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

European manufacturers must comply with safety and waste regulations. Electronics manufacturers must comply with CE labelling, the RoHS Directive (restriction of hazardous substances), the WEEE Directive (waste management), the REACH Regulation (chemical safety) and other health, safety and environmental standards.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Consumer Electronics Manufacturing in the UK industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Cheap imports impact profits in the European electronics industry. European electronics manufacturers are exposed to price pressure due to cheaper imports, which reduces their profits. In order to defend their market share and profits, they have to be highly innovative.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Consumer Electronics Manufacturing in the UK industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

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