The UK retail sale of audio and video equipment in specialized stores is anticipated to decline steadily from £376.47M in 2024 to £330.33M in 2028. From 2024 to 2025, a year-on-year decrease of approximately 3.16% is expected, followed by a similar trend with declines of around 3.2% yearly until 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual decrease of around 3.13%.
Future trends to watch for:
- Technological advancements driving online purchases over physical stores.
- Consumer shifts towards integrated home entertainment systems possibly impacting standalone equipment sales.
- Potential economic factors affecting discretionary spending on electronic goods.