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United Kingdom (UK) Electricals Market Analysis by Categories, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027

Publisher GlobalData
Published Sep 29, 2023
Length 52 Pages
SKU # GBDT18273848

Description

United Kingdom (UK) Electricals Market Analysis by Categories, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027


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 2027.

After experiencing a normalisation of the market in 2022 after two years of pandemic-induced stronger growth, the electricals market is forecast to decline by 0.7% in 2023. Many consumers are cutting back on their non-essential spending, including electricals items, due to their constrained discretionary incomes; and the weak housing market has reduced the need for consumers to purchase items such as major and small kitchen appliances as they are less able to move into a new home.

Scope
  • The electricals market is forecast to decline by 0.7% in 2023 as consumers deprioritise electricals purchases
  • Omnichannel propositions have boosted the fortunes of Currys and Argos, but cannot offset John Lewis & Partners’ woes
  • Consumers in lower social grades make fewer electricals purchases and prioritise price
Reasons to Buy
  • Using our five year forecasts to 2027, learn which areas of 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 current trends in Electricals subcategories, such as major kitchen appliances and small domestic appliances.

Table of Contents

52 Pages
    • Summary
    • UK Electricals Market Drivers
    • UK Electricals Market Inhibitors
    • Key Trends: Focus on sustainability
    • Key Trends: Push towards own-brand and low priced brands
    • Key Trends: Omnichannel shopping journeys
    • Key Trends: Rise of retailer and third-party finance options
    • Strategies for Success in the UK Electricals Market
    • UK Electricals Market, five year growth 2017-2027
    • UK Electricals Market Size, 2017-2027
    • Key Category Trends
    • Top Electricals Categories
    • UK Electricals Market by Category %, 2017-2027
    • UK Electricals Category Segment Value and Forecast, 2022 & 2027
    • UK Electricals Online Market, 2017-2027
    • UK Electricals Channel Growth, 2017-2027
    • UK Electricals Market by Channel, 2017-2027
    • UK Electricals Channel Value & Forecast, 2022 and 2027
    • Top 10 UK Electricals Retailers, 2022
    • Market Shares of Top 10 UK Electricals Retailers, 2021-23e
    • Top 20 Most Visited and Purchased from Retailers for Electricals, 2023
    • UK Electricals Competitor Overlap, 2023
    • Currys
    • Amazon
    • Argos
    • ASDA
    • Retailers to watch
    • Key Consumer Trends
    • UK Electricals Penetration & Profile, 2023
    • UK Electricals Category Penetration, 2023
    • UK Electricals Channel Usage, 2023
    • UK Electricals Fulfilment Methods, 2023
    • UK Electricals Purchase Frequency, 2023
    • UK Electricals Consumer Drivers, 2023
    • How UK consumers intend to change their shopping habits due to rising prices, 2023
    • Methodology
    • Definitions

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