United Kingdom (UK) Electricals Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026

United Kingdom (UK) Electricals Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026

Summary

United Kingdom (UK) Electricals Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026 report offers comprehensive insight and analysis of the Electricals market, the major players, key trends, and consumer attitudes. It provides in-depth analysis of the hot issues impacting the market (such as inflation), strategies for success, market sizes from 2016 and forecasts to 2026, retailer profiles and market shares, and consumer shopping behaviour. Consumer data is based on our 2022 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.

The electricals market is forecast to decline in 2022, as categories such as major kitchen appliances pull down overall growth of the sector. Indeed, in the UK, the electricals sector is forecast to be among the worst performing sectors following two years of positive growth. This will be driven by a significant decline in volumes as consumers cut back on all but essential purchases this year, as well as the disruption to replacement cycles that occurred during the pandemic.

Scope

• Electricals market to decline in 2022 as consumers cut back discretionary spend
• Currys remains the market leader this year, closely followed by Amazon.
• Quality of products continues to rank the highest among consumers, with 90% of people rating it above seven out of ten in importance.

• Using our five year forecasts to 2026, learn which subcategories in 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 in order to maximise sales potential.
• Use our in-depth analysis of the challenges faced by key retailers in the sector in order to understand how to steal shoppers and market share.