UK: Electricals - Market Shares, Summary & Forecasts to 2023

UK: Electricals - Market Shares, Summary & Forecasts to 2023

  • December 2019 •
  • 46 pages •
  • Report ID: 5862786 •
  • Format: PDF
UK: Electricals - Market Shares, Summary & Forecasts to 2023

Summary
UK: Electricals - Market Shares Summary Forecasts to 2023 provides data for historic and forecast retail sales, and also includes information on the business environment and country risk related to UK retail environment. In addition, it analyzes the key consumer trends influencing UK electricals industry

Sales in the electricals sector grew 1.5% in 2018 and growth will slow to 0.6% due to a decline in consumer confidence and ultimately unwillingness to upgrade tired products ahead of them breaking. However, Smart Home is a key area that is forecast to far outperform.

What else does this report offer?
- In-depth analysis of the latest trends in consumer shopping, covering the factors driving shopping, consumer insights, market dynamics
- The report also details major retailers in electricals category group with their product proposition analysis and market positioning in 2018 along with recent key developments
- Market insights based on consumer trends, changing economic and demographic factors, technology innovations, and other macroeconomic factors
- Retail sales and the fastest-growing product categories in electricals sector
- Qualitative and quantitative insights of changing retail dynamics in electricals sector

Scope
- Sector to register marginal growth as consumers spend less on big ticket items
- Online outperforms as physical specialists invest in store experience to soften share decline
- Online penetration in electricals is the highest across all sectors
- Amazon continues to excel with expansion of its own brand electricals
- Amazon is the fastest-growing retailer led by increased popularity of the online channel

Reasons to buy
- Gain a comprehensive knowledge on electricals sector in UK retail market and develop a competitive advantage from the start of your supply chain
- Investigate current and forecast behavior trends in electricals category to identify the best opportunities to exploit
- Analysis of key international and domestic players operating in the electricals market
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the vital economic and population trends, key consumer and technology trends influencing the electricals market
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Analysis of key international and domestic players operating in UK retail market — including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share
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