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.
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.
Reasons to Buy
- 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.
Table of Contents
- Executive summary
- The UK electricals market will grow between 2021 and 2026 as consumers invest in their homes
- Offline excels as shoppers search for bargains instore
- Currys retains pole position in electricals in 2022 but competition from all sides means it must continue to develop its proposition
- KEY TRENDS
- Market drivers
- Market inhibitors
- Key Trends: Resale on the rise
- Key Trends: Consumers invest in electrical appliances to cope with rising energy costs
- Key Trends: Discounters boosted by consumers trading down
- Key Trends: Working from home is here to stay
- Strategies for success
- MARKET SIZE AND FORECASTS
- Five year growth 2016-2026
- Market size, 2016-2026
- CATEGORY PERFORMANCE AND FORECASTS
- Key category trends
- Top electrical categories
- Market by category %, 2016-2026
- Category segment value and forecast, 2021 & 2026
- CATEGORY PERFORMANCE AND FORECASTS
- Key category trends
- Floorcoverings categories
- Market by category %, 2016-2026
- Category segment value and forecast, 2021 & 2026
- CHANNEL PERFORMANCE AND FORECASTS
- Online market, 2016-2026
- Channel growth, 2016-2026
- Market by channel, 2021 and 2026
- Channel value and forecast, 2021 and 2026
- REVENUE AND MARKET SHARES OF TOP 10 PLAYERS
- Market shares of the top 10 retailers
- Top 20 most visited and purchased from retailers for Electricals, 2022
- Electricals competitor overlap, 2022
- COMPETITIVE LANDSCAPE: PROFILES OF LEADING PLAYERS
- AO
- Tesco
- Currys
- John Lewis & Partners
- RETAILERS TO WATCH
- CONSUMERS
- Key consumer trends
- Electricals penetration and profile
- Electricals category penetration
- Electricals channel usage
- Fulfilment methods
- Electricals purchase frequency
- Electricals consumer drivers
- How UK consumers intend to change their shopping habits due to rising prices
- METHODOLOGY, DEFINITIONS AND CONTACTS
- UK Electricals Category Segment Value and Forecast, 2021 & 2026?
- UK Electricals Channel Value & Forecast, 2021 & 2026
- Top 10 UK Electricals Retailers, 2022
- UK Electricals Competitor Overlap, 2022
- UK Electricals Category Penetration by Demographic, 2022
- UK Electricals Channel Usage by Demographic, 2022
- UK Electricals Fulfilment Methods, 2022
- UK Electricals Consumer Drivers, 2022
- UK Electricals Market GBP m, 2016, 2021, 2026 & CAGR %
- How consumers intend to change their shopping habits due to rising prices, by sector
- Consumers who purchased SKA from value and discounters in 2022, by age
- UK Electricals Market Value GBPm, 2016-2026
- UK Electricals Market Annual Growth %, 2016-26
- Top Electrical Categories, by value GBPm, 2016 & 2026
- Top Electrical Categories, by value growth %, 2016 & 2026
- UK Electricals Online Market Size GBP bn and Online Penetration %, 2016-2026
- UK Electricals Channel Growth, 2016-2026
- UK Electricals Market by Channel, 2021 & 2026
- Market Shares of Top 10 UK Electricals Retailers, 2021-2022e
- Top 20 Most Visited Retailers for Electricals %, 2022
- Top 20 Most Purchased from Retailers for Electricals %, 2022
- AO's UK Electricals sales GBPm, 2016-2022
- AO's UK Electricals market share % 2016-2022
- AO's UK Electricals Penetration %, 2022
- Tesco's UK Electricals sales GBPm, 2016-2022
- Tesco's UK Electricals market share % 2016-2022
- Tesco's UK Electricals Penetration %, 2022
- Currys' UK Electricals sales GBPm, 2016-2022
- Currys' UK Electricals market share % 2016-2022
- Currys' UK Electricals Penetration %, 2022
- John Lewis & Partners UK Electricals sales GBPm, 2016-2022
- John Lewis & Partners UK Electricals market share % 2016-2022
- John Lewis & Partners UK Electricals Penetration %, 2022
- UK Electricals Penetration %, 2022
- UK Electricals Profile %, 2022
- UK Electricals Category Penetration %, 2022
- UK Electricals Channel Usage %, 2022
- UK Electricals Fulfilment Methods %, 2022
- UK Electricals Purchase Frequency, 2022
- UK Electricals Consumer Drivers %, 2022
- How UK consumers intend to change their shopping habits due to rising prices, 2022
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Currys
- Amazon
- BackMarket
- Apple
- eBay
- B&M
- Argos
- AO
- John Lewis & Partners
- Tesco
- The Very Group
- Appliances Direct
- Euronics
- ASDA
- Sainsbury's
- Wilko
- IKEA
- Aldi
- The Range
- B&Q
- Lidl
- Boots
- GAME
- Morrisons
- TK Maxx
- Marks Electrical
