UK consumers are heavily into their electronics and computer equipment. In fact, latest government research shows that, the UK is Europe’s largest market for high-end consumer electronics. The market sector is thought to be worth around £16 billion to the UK economy per year with over 18,000 UK based companies involved in the sector. It is estimated that the electronics retail sector will grow faster than any other UK retail sector in the next year or so, with recent annual growth trends at 4.4%. This means that the market offers great opportunities throughout the supply chain, opportunities we think our members should be taking advantage of.
This month we added a new electronics wholesale supplier to our directory that deals in a huge range of products that prove very popular with our wholesale buying members. This distributor, based on the south coast of England, deals in brands such as Blackberry, Nokia, Samsung, Ballistic, Krusell, Otterbox, Beats and offers official football club phone accessories from London clubs Arsenal, Chelsea and Tottenham. This wholesaler supplies electronics accessories to global telecoms companies EE and Vodafone so you can be sure you’re sourcing from one of the UKs best.
This week saw the launch of the world’s biggest ultra definition television, from technology giant LG.
The digital television age is upon us, analogue television broadcasts ceased earlier this year and the market for retailing HD Ready digital products is currently at its peak. Most UK residents are looking to replace all their old analogue TVs with HD Ready counterparts, so although the market is bulging with competitors (especially via online sales) there is still a very high demand for the high specification branded items.