Industry Analysis & Industry Trends
After a period of stagnation during the recession, rising disposable income levels help spur new discretionary purchases of headphones between 2010 and 2015. The headphone market also benefited from the introduction of new fashionable products. In addition, low-cost imports reduced the average price of headphones, enabling consumers to purchase more products, resulting in an incrase in revenue. In the next five years, continued growth in the use of mobile devices and higher disposable income are forecast to drive industry revenue increases. Additionally, headphone manufacturers are anticipated to increasingly compete through marketing tactics, which will enable stores to sell higher-end headphones to consumers.... purchase to read more
Industry Report - Starting a New Business Chapter
The headphone retailing industry has moderate barriers to entry. Retailers planning to enter the industry should consider the volume of stock that will be required on hand to replenish shelving as required. Larger players have been able to work through this issue by establishing distribution centers that house the stock until it is required by a specific store.
The initial cost of establishing or purchasing a retail outlet and the inventory can be expensive and, thus, a barrier for new entrants. Some operators wishing to enter the industry may have difficulty acquiring the necessary capital to build or purchase a new store. Additionally, operators typically require a line of credit for the purchase of store inventory, which can be extensive... purchase to read more