United Kingdom (UK) Electricals Market Analysis by Categories, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027

United Kingdom (UK) Electricals Market Analysis by Categories, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027

Summary

The UK Electricals report offers a comprehensive insight into the Electricals market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes, as well as providing market forecasts out to 2027.

After experiencing a normalisation of the market in 2022 after two years of pandemic-induced stronger growth, the electricals market is forecast to decline by 0.7% in 2023. Many consumers are cutting back on their non-essential spending, including electricals items, due to their constrained discretionary incomes; and the weak housing market has reduced the need for consumers to purchase items such as major and small kitchen appliances as they are less able to move into a new home.

Scope

• The electricals market is forecast to decline by 0.7% in 2023 as consumers deprioritise electricals purchases
• Omnichannel propositions have boosted the fortunes of Currys and Argos, but cannot offset John Lewis & Partners’ woes
• Consumers in lower social grades make fewer electricals purchases and prioritise price

Reasons to Buy

• Using our five year forecasts to 2027, learn which areas of the Electricals market will be the fastest performing to enable focus and investment in these winning product areas.
• Understand how drivers of Electricals purchases, such as range, price and quality, vary in importance among different demographics to maximise sales potential.
• Use our in-depth analysis and forecasts to understand current trends in Electricals subcategories, such as major kitchen appliances and small domestic appliances.