Electrical Goods

Electrical Goods Market Research

Mintel’s Electrical Goods market research combines the latest market intelligence, industry insights and expert recommendations to help you anticipate what’s next in the Electrical Goods industry.

Our reports can help you:

Understand your market
Identify growth opportunities
Recognise future trends

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    2023 was another challenging year for electricals, but the recent improvement in purchasing activity and consumer confidence provide some optimism for 2024.Sam Nguyen, Retail Analyst ..."
    Refurbished versions of former flagship earbuds are likely to appeal to Generation Z as they try to balance price and sound quality. Zach Emmanuel, Technology Analyst ..."
    “The growth of personal care appliance market slowed down significantly in 2022 compared to the previous year. Nevertheless, the strong purchasing interest of consumers (whether to replace the existing products or buying new ones) indicates the future growth potential of the market. Personal care appliances that can help improve personal..."
    “Spending on audio devices experienced significant growth but faces headwinds. Pandemic lifestyle disruption and economic stimulus drove demand as consumers rushed to upgrade their home living spaces to enjoy at-home entertainment. Now, facing slack from the pulled-forward demand, rising prices and a possible economic slowdown, brands will have to differentiate..."
    “Household finances are increasingly squeezed and consumer confidence has fallen to its lowest level in a decade. In turn, recent and planned purchases of all tech products has fallen. Consumers are increasingly focused on value, but this will manifest itself differently depending on the product, with brand name a priority..."
    "One of the consequences of the pandemic has been an increased focus among consumers on where products on retailers’ shelves are sourced and there is the added dimension of the environmental impact of bringing large amounts of merchandise in from outside the country, something which customers and retailers are becoming..."
    "Over half (51%) of shoppers use a smartphone to buy fashion online, with usage rising among all age groups in the last two years, becoming the favoured method of buying online among Gen Zs and Millennials. These young generations are also more likely to shop via a retailer/brand’s app than..."
    “The personal care appliance market achieved good growth in 2021, with consumers’ high interest in both replacing their existing products and trying new ones. As competition intensifies with new players constantly entering the market, brands should focus on a product-centric strategy to meet consumers’ ever-diversifying and changing demands for personal..."
    “The metaverse has become a well-worn buzzword since Mark Zuckerberg rebranded Facebook to Meta in October 2021. But even as new metaverses continually come into existence and businesses fall over themselves to be ‘seen’ in the metaverse, consumers remain largely unaware, with just a third claiming to know much about..."

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    "After a couple of strong years on the back of COVID-19, the TV market faces a challenging 2022, as the cost of production rises and household budgets are squeezed. The emergence of hardware and software bundled together in TV sets, is one area that can see TVs evolve and drive..."
    Challenged by the rise of online-only retailers, electrical goods specialists should focus on omnichannel opportunities in experiential retail and health tech. Irene Brockie, Research Analyst - Retail ..."
    “The Spanish electrical retail sector is showing signs of recovery with consumer spending on the category and sector sales lifted by the easing of COVID-19 restrictions. With the rising cost of living threatening to dampen future demand and consumers increasingly conscious about the impact their purchasing decision is having on..."