Industry Analysis & Industry Trends
Over the five years to 2015, revenue for the DVD, Game and Video Rental industry has severely contracted amid increasing external competition and a wider shift toward substitute services such as on-demand television and subscription-based streaming services. Because of their relative affordability and increasing convenience, more consumers are using these services, decreasing demand for brick-and-mortar stores offering rental services for DVDs and video games. Over the five years to 2020, industry revenue is expected to continue decreasing consumers continue to opt for more long-term services such as subscription-based streaming services... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The DVD, Game and Video Rental industry has strongly contracted in the 10 years to 2020. Industry value added (IVA), which measures the industry's contribution to the economy, is expected to be declining at an average annual rate of 12.1% over the 10 year period. Over the same period, Canada's GDP is expected to increase at an annualized rate of 2.2%. The stark difference between the two rates is indicative of an industry in the declining stage of its industry life cycle. This suggests that the industry's contribution to the economy is and continues to decrease as employment and profit margins shrink.
External competition is the largest contributor to the decline of this industry... purchase to read more