UK Sector Series: Electricals, 2024-2028
Description
UK Sector Series: Electricals, 2024-2028
Summary
The UK Electricals report offers a comprehensive insight into the Electricals market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes, as well as providing market forecasts out to 2029.
The electricals sector is forecast to grow at compound annual growth rate (CAGR) of 2.1% between 2024 and 2029, reaching £51.5bn by the end of the period. Growth will be strongest for phones & software, which will grow at a CAGR of 4.9% as consumers seek to upgrade their smarphones for ones with AI capabilities.
Key Highlights
Summary
The UK Electricals report offers a comprehensive insight into the Electricals market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes, as well as providing market forecasts out to 2029.
The electricals sector is forecast to grow at compound annual growth rate (CAGR) of 2.1% between 2024 and 2029, reaching £51.5bn by the end of the period. Growth will be strongest for phones & software, which will grow at a CAGR of 4.9% as consumers seek to upgrade their smarphones for ones with AI capabilities.
Key Highlights
- The electricals sector is forecast to grow at compound annual growth rate (CAGR) of 2.1% between 2024 and 2029, reaching £51.5bn by the end of the period.
- Currys and Amazon were the biggest winners in 2024
- Secondhand electricals will outpace retail out to 2029
- Retailers are diversifying revenue streams with supplemental services
- Using our five year forecasts to 2029, learn which categories in the Electricals market will be the fastest performing to enable focus and investment in these winning product areas.
- Understand how drivers of Electricals purchases, such as range, price and quality, vary in importance among different demographics to maximise sales potential.
- Use our in-depth analysis and forecasts to understand the current and future performances of the different channels, including online and offline.
Table of Contents
65 Pages
- Summary
- UK Electricals Market Drivers
- UK Electricals Market Inhibitors
- Key Trend: AI-enabled devices
- Key Trend: Supplemental services
- Key Trend: Wider range through third-party suppliers
- Strategies for Success in the UK Electricals Market
- UK Electricals Market, five year growth 2019-2029
- UK Electricals Market Size, 2019-2029
- Key Category Trends
- Electricals Categories
- UK Electricals Market by Category %, 2019-2029
- UK Electricals Online Market, 2019-2029
- UK Electricals Channel Growth, 2019-2029
- UK Electricals Market by Channel, 2024 and 2029e
- UK Electricals Channel Value & Forecast, 2024 and 2029
- UK Electricals Resale Market Size, 2019-2029
- UK Electricals Resale Market Growth, 2019-2029
- UK Electricals Market, 2019-2029
- Top 10 UK Electricals Retailers, 2024
- Market Shares of Top 10 UK Electricals Retailers, 2023-2025e
- Top 20 Most Visited and Purchased from Retailers for Electricals, 2025
- UK Electricals Competitor Overlap, 2025
- Top 10 Most Purchased from Retailers for Electricals: Consumer Penetration
- Retailers in Focus: Currys
- Retailers in Focus: Amazon
- Retailers in Focus: The Very Group
- Retailers in Focus: Tesco and Lidl
- Retailers to Watch
- Key Consumer Trends
- UK Electricals Penetration & Profile, 2025
- UK Electricals Category Penetration, 2025
- UK Electricals Channel Usage, 2025
- UK Electricals Device Usage, 2025
- UK Electricals Fulfilment Methods, 2025
- UK Electricals Purchase Locations, 2025
- UK Electricals Purchase Frequency, 2025
- UK Electricals Consumer Drivers, 2025
- UK Electricals Secondhand Penetration & Consideration, 2025
- UK Secondhand Electricals Category Penetration, 2025
- UK Electricals Secondhand Purchase Motivations, 2025
- UK Electricals Secondhand Channels Purchased From, 2025
- UK Secondhand Electricals Future Spend, 2025
- Methodology
- Definitions
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