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
The DVD, Game and Video Rental industry has contracted considerably over the 10 years to 2019 and is in the declining life stage cycle. 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 rate of 17.7% through 2019, which pales in comparison to the 2.7% annualized growth GDP is expected to experience over the same period. The industry's contribution to the economy is diminishing, which indicates that it is in the declining stage of its life cycle.
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... purchase to read more