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.
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.
Table of Contents
- Executive summary
- The electricals market is forecast to decline by 0.7% in 2023 as consumers deprioritise electricals purchases
- Omnichannel propositions boost 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
- KEY TRENDS
- Market drivers
- Market inhibitors
- Key Trends: Focus on sustainability
- Key Trends: Push towards own-brand and low priced brands
- Key Trends: Omnichannel shopping journeys
- Key Trends: Rise of retailer and third-party finance options
- Strategies for success
- MARKET SIZE AND FORECASTS
- Five year growth 2017-2027
- Market size, 2017-2027
- CATEGORY PERFORMANCE AND FORECASTS
- Key category trends
- Top electricals categories
- Market by category %, 2017-2027
- Category segment value and forecast, 2022 & 2027
- CHANNEL PERFORMANCE AND FORECASTS
- Online market, 2017-2027
- Channel growth, 2017-2027
- Market by channel, 2022 and 2027
- Channel value and forecast, 2022 and 2027
- REVENUE AND MARKET SHARES OF TOP 10 PLAYERS
- Top 10 retailers, 2022
- Market shares of the top 10 retailers
- Top 20 most visited and purchased from retailers for Electricals, 2023
- Electricals competitor overlap, 2023
- COMPETITIVE LANDSCAPE: PROFILES OF LEADING PLAYERS
- Currys
- Amazon
- Argos
- ASDA
- 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
- Changes to shopping habits
- METHODOLOGY, DEFINITIONS AND CONTACTS
- UK Electricals Category Segment Value and Forecast, 2022 & 2027
- UK Electricals Channel Value & Forecast, 2022 & 2027
- Top 10 UK Electricals Retailers, 2022
- UK Electricals Competitor Overlap, 2023
- UK Electricals Category Penetration, 2023
- UK Electricals Channel Usage, 2023
- UK Electricals Fulfilment Methods, 2023
- UK Electricals Consumer Drivers, 2023
- UK Electricals Market GBP m, 2017, 2022, 2027 & CAGR %
- UK Electricals Market Value GBP bn, 2017-2027
- UK Electricals Market Annual Growth %, 2017-2027
- UK Electricals Categories by Value GBP bn, 2022 & 2027
- UK Electricals Categories by Value Growth %, CAGR, 2022-2027
- UK Electricals Market by Category %, 2017-2027
- UK Electricals Online Market Size GBP bn and Online Penetration %, 2017-2027
- UK Electricals Channel Growth, 2017-2027
- UK Electricals Market by Channel, 2022 and 2027
- Market Shares of Top 10 UK Electricals Retailers, 2021-2023e
- Top 20 Most Visited Retailers for Electricals %, 2023
- Top 20 Most Purchased from Retailers for Electricals %, 2023
- Currys' UK Electricals market share % 2017-2023e
- Amazon's UK Electricals market share % 2017-2023e
- Argos' UK Electricals market share % 2017-2023e
- ASDA's UK Electricals market share % 2017-2023e
- UK Electricals Penetration %, 2023
- UK Electricals Profile %, 2023
- UK Electricals Category Penetration %, 2023
- UK Electricals Channel Usage %, 2023
- UK Electricals Fulfilment Methods %, 2023
- UK Homewares Purchase Frequency, 2023
- UK Homewares Consumer Drivers %, 2023
- How UK consumers intend to change their shopping habits due to rising prices, 2023
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aldi
- Amazon
- AO
- Apple
- Appliances Direct
- Argos
- ASDA
- B&M
- B&Q
- Back Market
- Boots
- Box.co.uk
- Clearpay
- Currys
- Dunelm
- eBay
- EE
- eFones
- Exertis
- Home Bargains
- IKEA
- John Lewis & Partners
- Klarna
- Lidl
- Marks Electricals
- Morrisons
- musicMagpie
- Richer Sounds
- Ring
- Sainsbury's
- Samsung
- Sony
- Tesco
- The Range
- The Very Group
- TikTok
- TK Maxx
- Wilko
- Yoltso
