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Mobile Telephone Retailers in the UK - Market Research Report (2014-2029)

Luke Lennard Luke Lennard London, United Kingdom Last Updated: August 2024 SIC G47.421

Revenue

£2.8bn

2024-25

£2.8bn

Past 5-Year Growth

Profit

£XX.Xm

Employees

15,526

Businesses

959

Wages

£XXX.Xm

Mobile Telephone Retailers in the UK industry analysis

Over the five years through 2024-25, mobile phone retailers’ revenue is anticipated to fall at a compound annual rate of 4.5% to £2.8 billion. Revenue plummeted during the COVID-19 pandemic, with a  14.4% fall in 2020-21 – this was driven by low consumer confidence within the UK economy, meaning consumers were less willing to make large discretionary purchases such as new mobile phones, alongside forced store closures which meant phone retailers saw their footfall plunge. After the pandemic crash, revenue has trended upwards, but at a slower rate than inflation, with revenue yet to return to pre-COVID figures.

Trends and Insights

  • Soaring inflation stifles growth. High inflation in 2022 and 2023 dented consumer confidence, making people less willing to shell out on new phone models, hindering revenue and profit. Easing inflation in 2024-25 is expected to improve the industry’s outlook.
  • Innovation intensifies as AI provides a new frontier of development. AI offerings from the major phone producers are expected to be met with soaring demand, offering consumers an array of new features that may prove tough to go without.
  • London and the South East have the highest number of stores. High populations and disposable incomes make these regions areas that mobile phone retailers want to target.
  • High market concentration remains difficult to disrupt. The mobile phone retail market is highly concentrated. High barriers to entry and the cost advantages enjoyed by the largest retailers make disrupting the market structure unlikely.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has declined at a CAGR of 4.5 % over the past five years, to reach an estimated £2.8bn in 2024.

Trends and Insights

The expansion of 5G data coverage supports phone sales

  • Ever-growing consumer demand for mobile internet connectivity means that developments in the speed of mobile connections have become a key market innovation.
  • Additional trends and insights available with purchase
Mobile Telephone Retailers in the UK
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Fierce competition from networks and suppliers brings challenges to mobile phone retailers

  • Mobile telephone networks, including O2, EE and Tesco, threaten mobile phone retailers because they are well-positioned to offer discount prices. This is thanks to efficiencies gained from vertically integrating network services and mobile phone retailing.

Biggest companies in the Mobile Telephone Retailers in the UK

Company
Market Share (%)
2025
Revenue (£m)
2025
Apple Retail UK Ltd
851.0
Currys plc
830.0
Samsung Electronics (UK) Ltd
392.1

To view the market share and analysis for all 3 top companies in this industry, view purchase options.

Products & Services Segmentation

Mobile Telephone Retailers in the UK
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Post-pay mobile phone contracts, Flexible mobile phone contracts and Pre-pay mobile phones. Post-pay mobile phone contracts is the largest segment of the Mobile Telephone Retailers in the UK.

Trends and Insights

Sales of post-pay mobile phones benefit from changing consumer behaviour

  • Post-pay mobile phones (or pay-monthly mobiles) require the consumer to enter a contract with a network provider to receive a monthly bill, usually with a base cost and established further fees for additional usage.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Retailers in this industry sell mobile telephones. This includes handheld devices and phones installed within cars.

What's included in this industry?

Post-pay mobile phones contractsFlexible mobile phones contractsPre-pay mobile phones

Companies

Apple Retail UK LtdCurrys plcSamsung Electronics (UK) Ltd

Purchase this report to view all 3 major companies in this industry.

Related Terms

PRE-PAYPOST-PAYSMARTPHONEMOBILE TERMINATION RATEMOBILE VIRTUAL NETWORK OPERATOR (MVNO)M-COMMERCE

Industry Code

SIC 2007

SIC 47.42/1 - Mobile Telephone Retailers in the UK

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Soaring inflation stifles growth. High inflation in 2022 and 2023 dented consumer confidence, making people less willing to shell out on new phone models, hindering revenue a...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Innovation intensifies as AI provides a new frontier of development. AI offerings from the major phone producers are expected to be met with soaring demand, offering consumer...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

London and the South East have the highest number of stores. High populations and disposable incomes make these regions areas that mobile phone retailers want to target.

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

High market concentration remains difficult to disrupt. The mobile phone retail market is highly concentrated. High barriers to entry and the cost advantages enjoyed by the l...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Apple dominates through its device ecosystem and strong branding. Seamless integration across its devices and popular user interface and design features ensure a loyal custom...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Apple Retail UK Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Currys plc's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Samsung Electronics (UK) Ltd's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for Apple Retail UK Ltd, and factors influencing its performance in the industry
  • Description and key data for Currys plc, and factors influencing its performance in the industry
  • Description and key data for Samsung Electronics (UK) Ltd, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Economic conditions prove crucial to phone sales. The economy's health, particularly regarding consumer confidence and disposable income, largely determines phone sales. It s...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Purchases make up the majority of costs. Phones are an expensive asset, even for retailers purchasing them from suppliers. This leads to high costs. Purchase costs have been ...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Liquidity Ratios (2018-2022)
  • Coverage Ratios (2018-2022)
  • Leverage Ratios  (2018-2022)
  • Operating Ratios (2018-2022)
  • Assets (2018-2022)
  • Liabilities (2018-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Mobile Telephone Retailers in the UK industry in United Kingdom in 2024?

The market size of the Mobile Telephone Retailers in the UK industry in United Kingdom is £2.8bn in 2024.

How many businesses are there in the Mobile Telephone Retailers in the UK industry in 2024?

There are 959 businesses in the Mobile Telephone Retailers in the UK industry in United Kingdom, which has grown at a CAGR of 0.5 % between 2019 and 2024.

Has the Mobile Telephone Retailers in the UK industry in United Kingdom grown or declined over the past 5 years?

The market size of the Mobile Telephone Retailers in the UK industry in United Kingdom has been declining at a CAGR of 4.5 % between 2019 and 2024.

What is the forecast growth of the Mobile Telephone Retailers in the UK industry in United Kingdom over the next 5 years?

Over the next five years, the Mobile Telephone Retailers in the UK industry in United Kingdom is expected to grow.

What are the biggest companies in the Mobile Telephone Retailers in the UK market in United Kingdom?

The biggest companies operating in the Mobile Telephone Retailers market in United Kingdom are Apple Retail UK Ltd, Currys plc and Samsung Electronics (UK) Ltd

What does the Mobile Telephone Retailers in the UK in United Kingdom include?

Post-pay mobile phones contracts and Flexible mobile phones contracts are part of the Mobile Telephone Retailers in the UK industry.

Which companies have the highest market share in the Mobile Telephone Retailers in the UK in United Kingdom?

The company holding the most market share in United Kingdom is Apple Retail UK Ltd.

How competitive is the Mobile Telephone Retailers in the UK industry in United Kingdom?

The level of competition is high and increasing in the Mobile Telephone Retailers in the UK industry in United Kingdom.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • Wireless Telecommunications Carriers in the UK
  • Computer & Gaming Product Retailers in the UK

Complementors

  • Communication Equipment Manufacturing in the UK
  • Electronic & Telecommunications Equipment Wholesaling in the UK

International industries

  • Consumer Electronics Stores in the US
  • Consumer Electronics Stores in Canada
  • Domestic Appliance Retailing in Australia
  • Domestic Appliance Retailing in New Zealand
  • Communication Equipment Stores in China

View all industries in United Kingdom

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the UK include:

  • Office for National Statistics
  • Office for Budget Responsibility
  • Bank of England

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

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