Positive Growth Outlook For AV In The UK

AVIXA’s current Industry Outlook and Trends Analysis Report (IOTA) shows the UK market for pro AV growing by 7.6 per cent in 2023, reaching U$7.7 billion...
Positive Growth Outlook For AV In The UK
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The return to in-person activity and continued experimentation with hybrid work have been strong tailwinds for pro AV in the UK as elsewhere.

“This has helped the industry weather some of the storms coming from the general economic situation,” says Sean Wargo, Vice President of Market Intelligence at AVIXA.

He advises that some categories of hardware continue to have long lead times, “delaying completion of projects, negatively impacting cash flow, and creating an overhang of work.

“While clearly a challenge it also means there is a buffer of unmet demand in the market as things slow down a bit,” he says. “Staffing remains a constraint as it has become difficult for providers to find the staff needed to complete the work, thereby also resulting in pent-up demand.”

While Brexit is “clearly” still a factor, the issues identified by AVIXA are “likely greater contributors to the overall situation in the UK. Or at the very least are exacerbating any of the challenges created by Brexit,” says Wargo.

While AVIXA prepares an updated forecast later this year, reports from vendors in our industry support the impression that the UK has weathered the storm and is preparing for a brighter future.

Find out more about AVIXA's Market Intelligence offerings here:

www.avixa.org/market-intelligence 

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