2022
9
UK Electrical Wholesalers Market Report 2022
2022-04-06T04:05:45+01:00
OX1100835
1495
150313
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Report
en_GB
“Prospects for the electrical wholesale market are set to remain highly competitive, compounded by increased competition from online and multichannel retailers. Online trading and click-and-collect services have become more important…

UK Electrical Wholesalers Market Report 2022

£ 1,495 (Excl.Tax)

Description

The UK Electrical Wholesalers report identifies consumer attitudes towards digitalisation, market performance, and diversification opportunities in the UK. This market report covers the market size, market forecast, market segmentation and industry trends for the Electrical Wholesalers market in the UK.

Current Market Landscape

A buoyant construction market will continue to be a key driver for demand in the electrical wholesalers sector, although trends across the individual construction sectors will vary. In the short term, skills shortages, product supply issues and cost inflation are likely to constrain growth across the construction sector.

  • Despite a 13% decline in 2020, electrical wholesalers saw its value increase by 9% in 2021.
  • Value sales are estimated to slip back by 5% to £1.63 billion during 2021.

While supply chain constraints have started to ease in recent months, the Russia-Ukraine conflict and related sanctions are expected to cause renewed disruptions to supply chains. Wholesalers must remain agile, flexible and responsive in order to meet the needs of a fluctuating market.

Future Market Trends in Electrical Wholesalers

Electrical wholesalers have seen a rapid increase in online competition from the likes of Amazon and multichannel retailers such as Screwfix and Toolstation. Online trading and click-andcollect services have become more important than ever during the COVID-19 pandemic and the crisis has further highlighted the need for robust and futureproof ecommerce strategies. Developing digital abilities and responding to evolving customer expectations will remain one of the most pressing business challenges for the electrical wholesalers industry for the foreseeable future.

Wholesalers are expected to offset some of the market challenges through increased product diversification, most notably in green energy, active energy efficiency solutions and decarbonisation technologies. The increased deployment of alternative energy sources also increases the need for new functionalities (uninterruptible power supply (UPS), sensors, demand response solutions, etc), providing product diversification opportunities. Building automation and smart buildings offer further growth opportunities, particularly smart home technology solutions, connected devices and human machine interface (HMI) products.

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

Quickly understand

  • The performance of the market over the last five years and the outlook for the next five years.
  • Developments in key end-use sectors and how they impact the electrical wholesalers sector.
  • New product areas and diversification opportunities.
  • The digitalisation challenge.
  • Financial performance of key industry players.

Covered in this report

Products: Cables, cable ties, conduits, terminals, trunking, circuit breakers, residual current devices, enclosures, panel boards, distribution boards, fuses, fuse boards, junction boxes, switches, socket boxes, plugs and sockets, connectors, moulded boxes, earthling clamps, lamp holders, outdoor lighting, transformers, fire alarms, security alarms, timers, door entry systems, personal security products, space heaters, showers, water heaters, relays, hand tools, fixings, tape, insulation materials.

Brands: iRobot Roomba, Hive, Phillips, Ring, Nest, Sonos, Amazon, Google, Bosch, CEF Holdings, Cleveland Cable Co., Edmundson Electrical, Eyre & Elliston Holdings, Rexel UK, Stearn Electrical Co.

Expert analysis from a specialist in the field

This report, written by Claudia Preedy, a leading analyst in the Retail sector, delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.

Prospects for the electrical wholesale market are set to remain highly competitive, compounded by increased competition from online and multichannel retailers.

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 ecommerce strategies. Developing digital capabilities and responding to evolving customer expectations will remain one of the most pressing business challenges for the foreseeable future.

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

    • The five-year outlook for UK electrical wholesalers
      • Figure 1: Electrical Wholesalers outlook, 2022-26
    • The market
    • Market rebounds in 2021
      • Figure 2: The UK electrical wholesalers market, 2017-21
    • Rising costs are a key business concern
    • Sector must embrace digitalisation
    • Focus on value-added services, expertise and customer experience can help wholesalers gain a competitive advantage over online-only competitors
    • New product categories driven by sustainability and decarbonisation ambitions
      • Figure 3: Forecast UK electrical wholesalers market, 2022-26
    • Companies and brands
    • Sector dominated by three groups
    • EDA initiatives to support the digitalisation of the sector
    • Product portfolio and innovation challenges
  3. Issues and Insights

    • New product categories driven by sustainability and decarbonisation ambitions
    • While digitalisation remains a key industry focus, offering value-added services can help wholesalers gain a competitive advantage over online-only competitors
  4. Market Size

    • Market rebounds in 2021
      • Figure 4: The UK electrical wholesalers market, 2017-21
    • Rising costs are a key business concern
    • Market remains highly competitive
      • Figure 5: The UK electrical wholesalers market, 2017-21
    • Market segmentation
      • Figure 6: The UK electrical wholesalers market, by sector, 2021
      • Figure 7: Product segmentation for UK electrical wholesalers market, 2021 (% of total market value)
    • Cable management
    • Circuit protection
    • Lighting
    • Heating and ventilation
    • Trunking products
    • Fire and security
    • Wiring accessories
      • Figure 8: UK electrical wholesalers’ sales of wiring accessories, by product type, 2021
  5. Market Forecast

    • Buoyant construction activity and sustainability driven product areas to drive market growth
      • Figure 9: Electrical Wholesalers outlook, 2022-26
    • Demand in construction sector becomes more sector specific
    • Electrical wholesalers market expected to demonstrate sustained growth to 2026
      • Figure 10: Forecast UK electrical wholesalers market, 2022-26
      • Figure 11: Forecast UK electrical wholesalers market, 2022-26
    • Market drivers and assumptions
      • Figure 12: Key drivers affecting Mintel’s market forecast, 2015-26
    • Forecast methodology
  6. Regional Demand

      • Figure 13: Regional private housing construction output, 2017-21
      • Figure 14: Regional public housing construction output, 2017-21
      • Figure 15: Regional public non-residential construction output, 2017-21
      • Figure 16: Regional private commercial construction output, 2015-19
      • Figure 17: Regional private industrial construction output, 2017-21
      • Figure 18: Regional housing repair & maintenance output, 2017-21
      • Figure 19: Regional private non-residential repair & maintenance output, 2017-21
      • Figure 20: Regional public non-residential repair & maintenance output, 2017-21
  7. Market Trends

    • Sector must embrace digitalisation
    • Focus on value-added services, expertise and customer experience can help wholesalers gain a competitive advantage over online-only competitors
    • EDA initiatives to support the digitalisation of the sector
    • New areas/diversification
    • Data centres
    • New product categories driven by sustainability and decarbonisation ambitions
    • Product portfolio and innovation challenges
  8. Market Drivers

    • Electrical contracting
    • COVID-19 disruption
      • Figure 21: Segmentation of the electrical contracting market, by type of work, 2016-26
    • New construction activity
      • Figure 22: Segmentation of the electrical contracting market for new construction projects, 2021
    • RMI demand
      • Figure 23: Segmentation of electrical contracting from R&M activity, 2021 (£ billion)
    • Housebuilding
      • Figure 24: New housebuilding registrations, 2006-21
      • Figure 25: New Housebuilding output, 2016-26
      • Figure 26: Segmentation of new housebuilding output, by sector, 2016-26
    • New public non-residential construction
      • Figure 27: New public non-residential construction market, 2016-26
      • Figure 28: Segmentation of public non-residential construction activity, 2017-21, (£ million)
    • New private industrial construction
      • Figure 29: New private industrial construction market, 2016-26
      • Figure 30: Segmentation of private industrial construction activity, 2016-20 (£ million)
    • New private commercial construction
      • Figure 31: New private commercial construction market, 2016-26
      • Figure 32: Segmentation of private commercial construction activity, 2017-21 (£ million)
    • Data centres
      • Figure 33: Role of UK in West European colocation data centre sector, 2021
      • Figure 34: Development of UK colocation data centres, 2016-21
    • New infrastructure
      • Figure 35: Civil engineering construction output in Great Britain, 2017-21
      • Figure 36: Civil engineering construction output in Great Britain, by sector, 2017-21
      • Figure 37: New civil engineering construction output in Great Britain, 2017-26
    • Repair, maintenance and improvement activity
    • Public housing
      • Figure 38: Public housing R&M expenditure, 2016-26
    • Private housing
      • Figure 39: Private housing R&M expenditure, 2016-26
    • Private non-residential
      • Figure 40: Private non-residential R&M expenditure, 2016-26
    • Public non-residential
      • Figure 41: Public non-residential R&M expenditure, 2016-26
    • The smart home devices market
    • Ownership and interest in buying smart home devices
      • Figure 42: Ownership of connected home devices, 2019-21
      • Figure 43: Interest in buying connected home devices, 2019-21
    • Desire to live more sustainably drives demand for smart home devices
    • Smart door bells are the most popular smart security devices
      • Figure 44: Type of smart security at home, 2021
      • Figure 45: Intend to buy smart security over the next 12 months, 2021
    • Electric and hybrid cars market
      • Figure 46: Hybrid and electric car registrations, 2016-21
    • Residential solar PV market
    • Residential solar PV deployment stalls following closure of FiT scheme
      • Figure 47: Residential photovoltaic installation capacity installed in the UK, 2017-21
    • Post-subsidy market to be driven by solar-plus-storage systems and growing EV market
  9. Industry Structure

    • Industry overview
    • Industry development
  10. Company Profiles

    • CEF Holdings
    • CEF parent company acquires Segen Group
    • Financial performance
      • Figure 48: Financial analysis of CEF Holdings, 2017-21
    • Company strategy
    • Cleveland Cable Co.
    • Financial performance
      • Figure 49: Financial analysis of Cleveland Cable Company, 2017-21
    • Company strategy
    • Edmundson Electrical
    • Financial performance
      • Figure 50: Financial analysis of Edmundson electrical, 2016-20
    • Company strategy
    • Eyre & Elliston Holdings
    • Financial performance
      • Figure 51: Financial analysis of Eyre & Elliston Holdings, 2016-20
    • Company strategy
    • Rexel UK
    • Company’s portfolio of brands brought together under a single brand
    • Rexel launches new smart home offer to support growing demand for smart technology
    • Financial performance
      • Figure 52: Financial analysis of Rexel UK, 2016-20
    • Company strategy
    • Stearn Electric Co.
    • Financial performance
      • Figure 53: Financial analysis of Stearn Electric Company, 2016-20
    • Company strategy
  11. Appendix – Data Sources, Abbreviations and Supporting Information

    • Abbreviations
    • Methodology
  12. 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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