UK Renting of Video Tapes & Disks Market Digest 2015
- ID: 3517496
- December 2015
- Region: United Kingdom
- 11 Pages
- Key Note Ltd
This Market Digest analyses key performance data and the structure of the UK renting of video tapes and disks sector between 2008 and 2013. In addition, various market trends, which are both ongoing and emerging are also evaluated, alongside the key drivers currently impacting upon the market.
The report covers activities under the UK SIC (2007) category 77.22 - renting of video tapes and disks. This category includes the renting of video tapes, records, CDs, DVDs etc.
The Market Digest reports deliver valuable insight into corporate activity throughout the UK economy, providing an overview of key measures and metrics across a diverse range of industries and market sectors, ranging from agriculture and manufacturing through to wholesale, retail and service activities. Comprehensive and easily digestible, the following report provides information over a 6-year period using the latest available data across the areas of turnover; expenditure; acquisition and divestiture; and employment.
1. Industry Definition
- Report Coverage
- Executive Summary
2. Industry Overview
- At First Glance
- Current Performance
- Key Drivers
3. Industry Background
- Regional Variation
Between 2008 and 2013, the financial performance of the sector engaged in the renting of video tapes and disks was disappointing, with the industry struggling to adjust to the growth in digital media products as opposed to hardcopy material.
In terms of turnover, the sector saw a decline of 16.8% between 2008 and 2012, with a fall from £453m to £377m. In 2013, figures pertaining to the turnover of the sector were repressed by National Statistics. In addition, in the latest year for which figures are available (2012), it was shown that the gross valued added (GVA) of the sector was judged to be £1m, which represented a noticeable drop from the 2008 level of £165m. Figures from the Annual Business Survey 2013 have shown that in the 6-year period between 2008 and 2013, the total number of enterprises engaged in the renting of video tapes and disks in the UK fell by more than half (53.8%).
Figures have also shown that the employment costs of the sector engaged in the renting of video tapes and disks fell by 54.9% between 2008 and 2013. Over the same years, the number of staff employed in the sector dropped from 7,000 to 4,000.