2021
9
UK Electrical Wholesalers Market Report 2021
2021-04-01T04:08:53+01:00
OX1045231
1495
136180
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Report
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“Online trading and click-and-collect services have become more important than ever during the COVID-19 pandemic and the crisis has further highlighted the need for robust and futureproof e-commerce strategies. In…

UK Electrical Wholesalers Market Report 2021

£ 1,495 (Excl.Tax)

Report Summary

Providing the most comprehensive and up-to-date information and analysis of the UK Electrical Wholesalers market, including the behaviours, preferences and habits of the consumer.

The COVID-19 pandemic caused a major reduction in demand for almost all end-use markets, with value falling by 15% in 2020. The main driver in the market is in new construction activity, but lockdowns saw many building sites shut down and a decline in output of the building of houses, public non-residential, private commercial, and industrial construction.

With construction sites allowed to remain open during the 3rd national lockdown, there was a slight rise in demand as construction work began again. However, with many retail sites now moving online to overcome the shutting of non-essential shops, electrical wholesalers saw a rapid increase in competition. There has also been an increased focus on customer-focused multichannel businesses, with many companies evolving their business model to meet this change in demand.

The pandemic has also uncovered some interesting market opportunities that companies could utilise to help boost sales and market recovery. The quick move online has highlighted the demand for improved ecommerce strategies and better infrastructure to help customers shop online and help brands to stand out. Increased awareness of environmental sustainability could also create potential for innovation and diversification of products, especially around green energy and building automation.

Read on to discover more details or take a look at all of our UK Electrical Goods market research.

Quickly understand

  • The impact of COVID-19 on the electrical wholesalers sector.
  • Which demand sectors will gain as a result of the trends created or furthered by COVID-19.
  • New product areas and diversification opportunities.
  • The digitalisation of the sector.
  • Financial performance of key industry players.

Covered in this report

Products: Cable management, circuit protection, lighting, wiring accessories, heating and ventilation, trunking, fire and security, sockets, plugs, switches, lighting accessories.

Brands: Rexel, CEF Holdings, Edmundson Electrical, Amazon, Screwfix, Toolstation, Cleveland Cable Co., Eyre & Elliston Holdings, Stearn Electrical Co.

Expert analysis from a specialist in the field

Written by Claudia Preedy, a leading analyst in the B2B sector, her extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.

Online trading and click-and-collect services have become more important than ever during the COVID-19 pandemic and the crisis has further highlighted the need for robust and futureproof e-commerce strategies. In response, electrical wholesaler groups are evolving their business models, with many focussing on creating customer-centric, multichannel businesses. This represents considerable challenges for wholesalers in the level of investment required to compete effectively across channels, as well as the need for faster order processing and improved delivery performance.

Claudia Preedy
Senior B2B Analyst

Table of Contents

  1. Overview

    • Key issues covered in this Report
    • COVID-19: Market context
    • Economic and other assumptions
    • Covered in this Report
  2. Executive Summary

    • Impact of COVID-19 on electrical wholesalers
      • Figure 1: Short-, medium- and long-term impact of COVID-19 on civil engineering, 12 March 2021
    • The market
    • Strong COVID-19 related disruption in 2020
      • Figure 2: The UK electrical wholesalers market, 2016-20
    • COVID-19 highlights need for robust and futureproof e-commerce strategies
    • Trade counter experience remains important
    • Green energy and decarbonisation ambitions offer strong growth opportunities
      • Figure 3: Forecast UK electrical wholesalers market, 2021-25
    • Companies and brands
    • Sector dominated by three groups
    • EDA launches product data pool to help facilitate the digitalisation of the sector
    • Product portfolio and innovation challenges
  3. Issues and Insights

    • COVID-19 accelerates the digitalisation of wholesale businesses
    • New product areas and diversification opportunities
  4. The Market – Key Takeaways

    • Market contracts in 2020
    • End-use sectors react differently to pandemic
    • Market expected to return to growth in 2021
    • Digitalisation critical to sustainable growth
    • But trade counter experience remains important
  5. Market Size

    • Strong COVID-19 related disruption in 2020
      • Figure 4: The UK electrical wholesalers market, 2016-20
    • Market remains highly price competitive
      • Figure 5: The UK electrical wholesalers market, 2016-20
    • Market segmentation
      • Figure 6: The UK electrical wholesalers market, by sector, 2020
      • Figure 7: Product segmentation for UK electrical wholesalers market, 2020 (% of total market value)
      • Figure 8: UK electrical wholesalers’ sales of wiring accessories, by product type, 2020
  6. Market Forecast

    • Short-, medium- and long-term impact of COVID-19 on the electrical wholesalers sector
      • Figure 9: Short-, medium- and long-term impact of COVID-19 on civil engineering, 12 March 2021
    • Market drivers and assumptions
      • Figure 10: Key economic drivers affecting MBD’s market forecast, 2019-2025 (prepared on 9 March 2021)
    • Demand in construction sector becomes more sector specific
    • Forecast methodology
    • Electrical wholesalers market expected to return to growth in 2021
      • Figure 11: Forecast UK electrical wholesalers market, 2021-25
      • Figure 12: Forecast UK electrical wholesalers market, 2021-25
  7. The Impact of the Economy

    • UK economy contracts by record 9.9% in 2020
      • Figure 13: Annual GDP growth rate, historic and forecast, 2015- 25, (Annual % change)
  8. Regional Demand

      • Figure 14: Regional private housing construction output, 2015-19
      • Figure 15: Regional public housing construction output, 2015-19
      • Figure 16: Regional public non-residential construction output, 2015-19
      • Figure 17: Regional private commercial construction output, 2015-19
      • Figure 18: Regional private industrial construction output, 2015-19
      • Figure 19: Regional housing repair & maintenance output, 2015-19
      • Figure 20: Regional private non-residential repair & maintenance output, 2015-19
      • Figure 21: Regional public non-residential repair & maintenance output, 2015-19
  9. Market Trends

    • Digitalisation critical to sustainable growth
    • Wholesalers can offer value-added services to distinguish themselves from online competitors
    • EDA launches product data pool to help facilitate the digitalisation of the sector
    • New areas/diversification
    • Data centres
    • Green energy and decarbonisation ambitions offer strong growth opportunities
    • Product portfolio and innovation challenges
    • Rise in unfamiliar brands causes concerns among customers regarding product quality and reliability
  10. Market Drivers

    • Electrical contracting
    • Changes in demand structure
      • Figure 22: Segmentation of the electrical contracting market, 2015-24 (prepared on 13 November 2020)
    • New construction activity
      • Figure 23: Segmentation of the electrical contracting market for new construction projects, 2020
    • R&M demand
      • Figure 24: Segmentation of electrical contracting from R&M activity, 2020 (£ billion)
    • Housebuilding
      • Figure 25: Comparison of social and private housing completions in the UK, 1970-2019
      • Figure 26: New housebuilding output, 2015-25
    • New public non-residential construction
      • Figure 27: New public non-residential construction market, 2015-25
      • Figure 28: Segmentation of public non-residential construction activity, 2016-20 (prepared on 12 November) (£ million)
    • New private industrial construction
      • Figure 29: New private industrial construction market, 2015-25
      • Figure 30: Segmentation of private industrial construction activity, 2016-20 (prepared on 12 November) (£ million)
    • New private commercial construction
      • Figure 31: New private commercial construction market, 2015-25
      • Figure 32: Segmentation of private commercial construction activity, 2016-20 (prepared on 12 November) (£ million)
    • New infrastructure
      • Figure 33: New infrastructure market, 2016-25
      • Figure 34: Civil engineering construction output in Great Britain, by sector, 2016-20
    • Repair and maintenance
      • Figure 35: Housing repair and maintenance activity, by sector, 2015-25
      • Figure 36: Public non-residential repair and maintenance activity, 2015-25
      • Figure 37: Infrastructure repair and maintenance activity, 2015-25
      • Figure 38: Private non-residential repair and maintenance activity, 2015-25
  11. Companies and Brands – Key Takeaways

    • Sector dominated by three groups
    • COVID-19 highlights need for robust and futureproof e-commerce strategies
    • EDA launches product data pool to help facilitate the digitalisation of the sector
    • The Brexit impact
  12. Industry Structure

    • Industry overview
    • Industry development
  13. Company Profiles

    • CEF Holdings
    • CEF launches new trade catalogue in print, online and with new trade app
    • Financial performance
      • Figure 39: Financial analysis of CEF Holdings, 2016-20
    • Company strategy
    • Cleveland Cable Co.
    • Financial performance
      • Figure 40: Financial analysis of Cleveland Cable Company, 2016-20
    • Company strategy
    • Edmundson Electrical
    • Financial performance
      • Figure 41: Financial analysis of Edmundson electrical, 2015-19
    • Company strategy
    • Eyre & Elliston Holdings
    • Financial performance
      • Figure 42: Financial analysis of Eyre & Elliston Holdings, 2015-19
    • Company strategy
    • Rexel UK
    • Rexel UK restructures to bring the company’s portfolio of brands together under a single brand
    • Rexel launches new smart home offer to support growing demand for smart technology
    • Financial performance
      • Figure 43: Financial analysis of Rexel UK, 2015-19
    • Company strategy
    • Stearn Electric Co.
    • Financial performance
      • Figure 44: Financial analysis of Stearn Electric Company, 2014-18
    • Company strategy
  14. Appendix – Data Sources, Abbreviations and Supporting Information

    • Abbreviations
    • Methodology
  15. Further Sources and Contacts

    • Trade associations
    • Trade magazines
    • Trade events

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

Market

Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

Consumer

Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

Brand/Company

Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

Data

Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

*databooks not available with UK B2B Industry reports.

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