March 17th, 2017
The UK is one of the world’s biggest spenders on consumer electronics. According to WRAP, British households and businesses buy around 1.4 million tonnes of electrical and electronic equipment each year. In financial terms, average spending is around £800 per household, and this continues to grow, despite economic uncertainties and slow wage growth. Looking just at consumer electronics, the market is reported to have growing by almost 10% per annum from 2010-2014, and was estimated to be around £4.4 billion in 2016.