UK Electrical Wholesalers Market Report 2023
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Stay ahead of the curve and future-proof your business with Mintel’s UK Electrical Wholesalers Market Report 2023. Our full report is packed with consumer-led market intelligence, the latest UK electrical wholesale market trends and consumer behaviours affecting your business. Get a 360° view of the market, including market size, share and forecasted growth to help you align your business strategy with the needs of your audience.
Below, we’ve handpicked the key insights analysed in the full report and summarised the core topics.
High costs across all areas of the UK electrical wholesale market remain a key operational concern. The continued combined pressure of inflation, cost of living and higher borrowing costs will impact demand in the home construction and home improvement sectors. Commercial and industrial endues sectors also face severe pressure. Wholesalers must remain agile, flexible and responsive in order to meet the needs of a fluctuating market.
Over recent years, electrical wholesalers have seen a rapid increase in online competition from the likes of Amazon and omnichannel retailers such as Screwfix and Toolstation. This has further exacerbated price pressures in the market. Demand for click-and-collect has remained strong post COVID-19, and the need for speed, flexibility and agility in the UK electrical wholesale market is higher than ever before. This requires wholesalers to invest not just in their online presence but also in their distribution operations to ensure speed and agility and provide greater product availability
Wholesalers are diversifying products, particularly in sustainable green energy, efficiency solutions and decarbonisation tech, to offset market challenges. The deployment of alternative energy sources also necessitates new functionalities, providing further diversification opportunities. Building automation and smart buildings offer growth opportunities, such as smart home tech, connected devices and HMI products.
To learn how to connect with your audience, purchase our full UK Electrical Wholesale Market Report 2023. Discover lucrative innovation opportunities to help your business grow during times of financial uncertainty.
Toolstation, Screwfix, Rexel, CEF Holdings, Cleveland Cable Co., Edmundson Elctrical, Eyre & Elliston Holdings.
This report, written by Claudia Preedy, a leading B2B analyst, delivers in-depth commentary and analysis to highlight trends in the UK electrical wholesale market and add expert context to the numbers.
On-demand delivery expectations by customers are growing and the need for speed, flexibility and agility in the market is higher than ever before. This requires electrical wholesalers to not just invest in their digital capabilities but also their distribution operations to meet the evolving market needs and provide greater product availability.”
Claudia Preedy
Principal B2B Analyst
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Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.