£ 2,195 (Excl.Tax)
The market for electrical goods is highly discretionary, dependent on economic growthand consumer confidence. Rapid technological breakthroughs with AI have the potential to drive the market forward. However, the category remains skewed towards the young and the wealthy, with 47% of shoppers aged over 65 and 35% of lower-income shoppers not having made a purchase..."
£ 2,195 (Excl.Tax)
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
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£ 2,195 (Excl.Tax)
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
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£ 1,095 (Excl.Tax)
“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..."
£ 1,095 (Excl.Tax)
“The electrical goods retailing market was one of the most resilient during the pandemic as people spent more time than ever before in their own homes. It continued to perform well into 2021, although our consumer research suggests purchasing levels fell back after their 2020 peak. However, there are dark..."
£ 1,095 (Excl.Tax)
“After the exceptional years of 2020 and 2021, growth in the household appliances and consumer electronics market is likely to stall in 2022. Many households will redirect part of their spending towards services, leisure activities and holidays and the cost of living squeeze will put electrical goods lower down on..."
£ 3,195 (Excl.Tax)
“In Europe, the COVID-19 pandemic has given a boost to electrical goods spending thanks to the increased amount of time consumers were being forced to spend in their homes, which focused their attention on how they might improve their immediate surrounding. Significantly in 2021, many consumers continued to turn to..."
£ 2,195 (Excl.Tax)
“Spending on electrical goods slipped by 2% in 2021, as it stabilised after a bumper year of sales with the pandemic in 2020. The legacy of this is also set to eat into new demand and delay upgrade windows in the coming year; however, with inflation and supply chain problems,..."
£ 3,695 (Excl.Tax)
“The pandemic has created new and increased needs for electronics in consumers’ lives. Moving forward, consumers’ relationship with electronics will only become more interconnected – leading to sustained category growth in the years ahead. Even as COVID-19 becomes less of a threat, online channels will continue to play a key..."
£ 2,195 (Excl.Tax)
“Spending on electricals fell by 7% as it was hit by COVID-19 in 2020. This was underpinned by a sharp decline during the initial lockdown, a polarisation of demand and sales losses beyond household and personal care appliances. Accordingly, sales dropped despite the surge of new opportunities amid extended periods..."
