UK Electrical Goods Retailing Market Report 2025
Although high on the agenda during the cost-of-living crisis, price is no longer the be-all and end-all for all consumers.
Although high on the agenda during the cost-of-living crisis, price is no longer the be-all and end-all for all consumers.
Cautious consumer spending has slowed the pace of market growth, recorded at a 3.7% increase. Incremental growth is forecast through to 2029. Key growth drivers include replacement demand, sustainability, and the integration of smart technology.
A key challenge facing the electrical goods market for new products is the rising prominence of pre-owned options, with a third of electrical buyers planning to purchase second-hand or refurbished electronic products in the next 12 months. This trend spans all income levels, challenging the assumption that second-hand goods only appeal to budget-conscious consumers. The appeal of second-hand/refurbished to both ends of the market challenges the stereotype that second-hand products only cater to shoppers with limited budgets.
Many retailers have embraced the growing second-hand market, and have invested in this category, opening up new revenue streams for retailers embracing resale and trade-in models. It is also worth noting that around 9 in ten consumers still buy new electricals, and the popularity of flexible payment options has lowered the cost barriers to purchasing premium products.
Although high on the agenda during the cost-of-living crisis, price is no longer the be-all and end-all for all consumers. For 16-34s, good customer service even outweighs cost when choosing a retailer from which to buy new electricals. UK Electricals Market Trends shows that with less buying know-how than their older counterparts, this group presents retailers with the opportunity to engage with their expertise in the category.
Purchase the full report today to refine your market strategy, gain exclusive access to valuable consumer data, and make informed decisions to stay ahead in the evolving UK electrical goods retail market.
The UK Electrical Goods Retail Industry Report provides an in-depth analysis of the Electrical market in the UK for consumer electrical goods, examining purchasing behaviour, retail trends, competitive positioning, and future opportunities within the Electronic Product Retailing Market. It explores how macroeconomic pressures, such as inflation and rising living costs, have impacted spending, while highlighting evolving consumer preferences, the growing importance of sustainability, and the role of digital and omnichannel retailing. The report delivers valuable insights for retailers, manufacturers, and marketers aiming to understand market dynamics and prepare strategic responses.
| Report Attributes | Details |
|---|---|
| Published Date | January 2025 |
| Data Range | 2019-2029 |
| Measurement Metrics | Revenue in £ |
| Country Focus | United Kingdom (UK) |
| Consumer Data | 2,000 internet users aged 16+, December 2024 |
| Number of Pages | 116 |
| Market Segmentation | Household appliances, Computing & telecoms, Audiovisual & photo, Personal care appliances |
| Leading Companies | Currys (UK & Ireland), Apple Retail (UK), AO UK, Buy It Direct, Euronics UK (C.I.H), Hughes Electrical Ltd, Richer Sounds Plc |
Consumer spending on electricals has shown signs of recovery, but shoppers remain cautious and brands continue to need to prove their value.
Sam Nguyen
Retail Analyst.