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Appliances and Electronics Specialists in China

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    Report

  • 35 Pages
  • March 2024
  • Region: China
  • Euromonitor International
  • ID: 5768108

In 2023, sales of consumer appliances and consumer electronics saw solid growth in China, thanks to the end of the pandemic, and the “Old for new”, and “Subsidies for green and energy-saving household appliances” policies. However, despite this, and despite the resumption of traffic in shopping centres and shopping streets, sales of appliances and electronics specialists continued to see a slight decline in China in 2023, with a decline also seen in the number of outlets.

PROSPECTS AND OPPORTUNITIES

Uni-marketing and digital technology are used by appliances and electronics specialists

Appliances and electronics specialists is set to return to growth in the forecast period, with increases in current value terms and also in outlet numbers. Whilst e-commerce has already reached a significant share of sales, bricks-and-mortar stores are expected to remain significant in terms of elevating consumers’ shopping experience and shaping the image of brands.

Appliances and electronics specialists become a standard feature of mid-range to high-end shopping centres

In the past, only a very limited number of appliances and electronics specialists were able to afford to open outlets in mid-range to high-end shopping centres – for example, Apple and Huawei. Nowadays, despite high rents, an increasing number of electronics brands, and even appliances brands, are opening outlets in the high-traffic floors of shopping centres in order to get closer to high-spending customers.

The competitive landscape is set to see a reshuffle

In the forecast period, value share is expected to become further concentrated in the hands of giants which have both online and offline channels, such as JD and Suning. JD is utilising the offline resources of Jiangsu Five Star Appliance to open JD MALL, JD Electric Super Experience Store, JD Electric City Flagship Store, etc.

The Appliances and Electronics Specialists in China report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; home-shopping; internet retailing; direct selling, as available.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

This report answers:

  • What is the market size of Appliances and Electronics Specialists in China?
  • Which are the leading retailers in Appliances and Electronics Specialists in China?
  • How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
  • How has the impact of COVID-19 and national lockdown impacted consumer demand?
  • Which formats have benefited the most from stockpiling and enforced home seclusion?
  • How will the wider economic impact of COVID-19 shape the retail landscape in the future?
  • Where is future growth expected to be most dynamic?

Why buy this report?

  • Get a detailed picture of the Appliances and Electronics Specialists market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents


APPLIANCES AND ELECTRONICS SPECIALISTS IN CHINAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Gome Group faces a severe business crisis
  • Regional chained appliances and electronics specialists find opportunities in low-tier markets
  • Premiumisation is a notable trend in appliances and electronics specialists in tier-1 and tier-2 cities
PROSPECTS AND OPPORTUNITIES
  • Uni-marketing and digital technology are used by appliances and electronics specialists
  • Appliances and electronics specialists become a standard feature of mid-range to high-end shopping centres
  • The competitive landscape is set to see a reshuffle
CHANNEL DATA
  • Table 1 Appliances and Electronics Specialists: Value Sales, Outlets and Selling Space 2018-2023
  • Table 2 Appliances and Electronics Specialists: Value Sales, Outlets and Selling Space: % Growth 2018-2023
  • Table 3 Appliances and Electronics Specialists GBO Company Shares: % Value 2019-2023
  • Table 4 Appliances and Electronics Specialists GBN Brand Shares: % Value 2020-2023
  • Table 5 Appliances and Electronics Specialists LBN Brand Shares: Outlets 2020-2023
  • Table 6 Appliances and Electronics Specialists Forecasts: Value Sales, Outlets and Selling Space 2023-2028
  • Table 7 Appliances and Electronics Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2023-2028
RETAIL IN CHINA
EXECUTIVE SUMMARY
  • Retail in 2023: The big picture
  • Boosting consumption remains a major challenge
  • No clear boundary between online retailers and offline retailers
  • What next for retail?
OPERATING ENVIRONMENT
  • Informal retail
  • Opening hours for physical retail
  • Summary 1 Standard Opening Hours by Channel Type 2023
  • Seasonality
  • 618 Shopping Festival and Double 11 Shopping Festival
  • Shanghai May 5th Shopping Festival
MARKET DATA
  • Table 8 Sales in Retail by Retail Offline vs Retail E-Commerce: Value 2018-2023
  • Table 9 Sales in Retail by Retail Offline vs Retail E-Commerce: % Value Growth 2018-2023
  • Table 10 Sales in Retail Offline by Channel: Value 2018-2023
  • Table 11 Sales in Retail Offline by Channel: % Value Growth 2018-2023
  • Table 12 Retail Offline Outlets by Channel: Units 2018-2023
  • Table 13 Retail Offline Outlets by Channel: % Unit Growth 2018-2023
  • Table 14 Sales in Retail E-Commerce by Product: Value 2018-2023
  • Table 15 Sales in Retail E-Commerce by Product: % Value Growth 2018-2023
  • Table 16 Grocery Retailers: Value Sales, Outlets and Selling Space 2018-2023
  • Table 17 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2018-2023
  • Table 18 Sales in Grocery Retailers by Channel: Value 2018-2023
  • Table 19 Sales in Grocery Retailers by Channel: % Value Growth 2018-2023
  • Table 20 Grocery Retailers Outlets by Channel: Units 2018-2023
  • Table 21 Grocery Retailers Outlets by Channel: % Unit Growth 2018-2023
  • Table 22 Non-Grocery Retailers: Value Sales, Outlets and Selling Space 2018-2023
  • Table 23 Non-Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2018-2023
  • Table 24 Sales in Non-Grocery Retailers by Channel: Value 2018-2023
  • Table 25 Sales in Non-Grocery Retailers by Channel: % Value Growth 2018-2023
  • Table 26 Non-Grocery Retailers Outlets by Channel: Units 2018-2023
  • Table 27 Non-Grocery Retailers Outlets by Channel: % Unit Growth 2018-2023
  • Table 28 Retail GBO Company Shares: % Value 2019-2023
  • Table 29 Retail GBN Brand Shares: % Value 2020-2023
  • Table 30 Retail Offline GBO Company Shares: % Value 2019-2023
  • Table 31 Retail Offline GBN Brand Shares: % Value 2020-2023
  • Table 32 Retail Offline LBN Brand Shares: Outlets 2020-2023
  • Table 33 Retail E-Commerce GBO Company Shares: % Value 2019-2023
  • Table 34 Retail E-Commerce GBN Brand Shares: % Value 2020-2023
  • Table 35 Grocery Retailers GBO Company Shares: % Value 2019-2023
  • Table 36 Grocery Retailers GBN Brand Shares: % Value 2020-2023
  • Table 37 Grocery Retailers LBN Brand Shares: Outlets 2020-2023
  • Table 38 Non-Grocery Retailers GBO Company Shares: % Value 2019-2023
  • Table 39 Non-Grocery Retailers GBN Brand Shares: % Value 2020-2023
  • Table 40 Non-Grocery Retailers LBN Brand Shares: Outlets 2020-2023
  • Table 41 Forecast Sales in Retail by Retail Offline vs Retail E-Commerce: Value 2023-2028
  • Table 42 Forecast Sales in Retail by Retail Offline vs Retail E-Commerce: % Value Growth 2023-2028
  • Table 43 Forecast Sales in Retail Offline by Channel: Value 2023-2028
  • Table 44 Forecast Sales in Retail Offline by Channel: % Value Growth 2023-2028
  • Table 45 Forecast Retail Offline Outlets by Channel: Units 2023-2028
  • Table 46 Forecast Retail Offline Outlets by Channel: % Unit Growth 2023-2028
  • Table 47 Forecast Sales in Retail E-Commerce by Product: Value 2023-2028
  • Table 48 Forecast Sales in Retail E-Commerce by Product: % Value Growth 2023-2028
  • Table 49 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2023-2028
  • Table 50 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2023-2028
  • Table 51 Forecast Sales in Grocery Retailers by Channel: Value 2023-2028
  • Table 52 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2023-2028
  • Table 53 Forecast Grocery Retailers Outlets by Channel: Units 2023-2028
  • Table 54 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2023-2028
  • Table 55 Non-Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2023-2028
  • Table 56 Non-Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2023-2028
  • Table 57 Forecast Sales in Non-Grocery Retailers by Channel: Value 2023-2028
  • Table 58 Forecast Sales in Non-Grocery Retailers by Channel: % Value Growth 2023-2028
  • Table 59 Forecast Non-Grocery Retailers Outlets by Channel: Units 2023-2028
  • Table 60 Forecast Non-Grocery Retailers Outlets by Channel: % Unit Growth 2023-2028
SOURCES

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Apple
  • Huawei
  • JD
  • Suning
  • Jiangsu Five Star Appliance
  • Gome Group