Industry Analysis & Industry Trends
The industry is swiftly declining as technology replaces in-store rentals with online downloads and purchases. Competition from substitutes, such as cable TV and internet rentals, will continue to adversely affect industry operators, as they struggle to remain relevant in a changing market. However, as some companies diversify and begin to offer different services, industry operators may have an opportunity to grow... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
This industry is declining, as indicated by recent falls in revenue and profitability, alongside the continuing trends of industry consolidation and store closures. Industry value added (IVA), which measures the industry's contribution to the economy, is expected to decline at an annualized 10-year rate of 17.2% through 2018, which pales in comparison to GDP annualized growth of 2.1% during this time. As a result, the industry's contribution to the economy is diminishing.
Competition from internal and external forces is a main factor contributing to the decline of this industry, as players struggle to keep pace with their rivals and maintain market share. Significant price-based competition exists for industry players on new sell-through releases and other stock titles... purchase to read more