The UK Electricals Market 2017-2022

2017-05-04
Price :
Published : May-2017
No. of Pages : 87

The UK Electricals Market 2017-2022

Summary

“The UK Electricals Market 2017-2022”, is part of GlobalData Retail’s sector analysis series, providing a detailed analysis of the electricals market, with value and volume forecast up to 2022. The report provides quantitative and qualitative analysis of the UK market, evaluating major trends, consumer attitudes and an in-depth analysis of key market players.

The UK electricals market will experience limited growth over the next five years. Price inflation coupled with an uncertain economic climate will dampen demand for electrical goods, particularly for discretionary purchases and upgrades. As a result electrical purchases will become more considered and consumers will be more likely to wait for promotional periods such as Black Friday in order to make their purchases.

The report provides a comprehensive analysis of the following –
– Key issues in the market and success strategies
– Market sizing by category and growth forecasts
– In-depth profiling of major retailers including market share and outlooks
– Thorough analysis of five key electrical brands
– Consumer analysis detailing how, where and why consumers are buying electrical products.

Scope

– Online electrical sales growth continues to outperform offline growth, in part as a result of major online pureplays AO.com and Amazon outperforming the market therefore shifting more sales away from stores. Both retailers have succeeded due to their highly competitive delivery propositions making them the go-to choice for distress electrical purchases. As offline sales continue to decline retailers will need to further incentivise consumers back into stores for example through in-store events and highly knowledgeable staff.
– In the next five years the brown goods market will gain some incremental growth from smart home products, in particular smart speakers such as the Amazon Echo and Google Home. These products have made smart home technology more affordable and accessible to consumers. In contrast, the TV market is forecast to decline over the next five years as innovation in the market such as OLED and 4K technology is failing to encourage consumers to upgrade, viewing less expensive HD TVs as an acceptable alternative. The challenging TV market, along with other poor performing categories such as optical equipment and visual players, will result in an overall decline in the brown goods market out to 2022.
– Overall penetration for consumers who shopped for electrical goods in the past 12 months increased, including among less affluent shoppers. This increase was in part due to the success of the 2016 Black Friday event, with widespread discounting tempting consumers to make electrical purchases. The Black Friday event was even stronger last year as shoppers were aware of impending price increases and saw Black Friday as the last chance to purchase these goods at the lowest prices.

Reasons to buy

– Utilise our five-year forecasts to 2022 for individual product categories to refocus your strategy on key areas of high growth.
– Review our analysis on key market issues and use our strategies to better compete in the current climate of economic uncertainty.
– Compare our analysis on major electrical brands and retailers; enhance your understanding of their strengths and weaknesses and retailers’ market share growth prospects.
– Recognise which consumers to target and how to attract them by utilising our shopper penetration data and understanding what influences their retailer selection and spending motivations.
– Realise the strength of the electricals online market, reviewing retailers who are growing online market share and using their tactics to develop your own online strategy.

Filed in: Consumer Goods, Retail
Publisher : GlobalData
More Reports
Title Price Buy Now

Best Buy: Coronavirus (COVID-19) Company impact

Best Buy: Coronavirus (COVID-19) Company impact Summary The coronavirus (COVID-19) company impact report analyses how the pandemic will impact Best Buy's performance. Best Buy's group sales are forecast to decline by 2.7% in 2020, driven by the closure of its store portfolio in the height of the COVID 19 pandemic. Best Buy's response to the pandemic has been strong, with the retailer placing a focus not just on sales but on its customers and staff. Scope - Geographically , Best Buy is exposed to the difficulties caused by the COVID-19 pandemic due to its reliance on North America which has been the region most affected by the virus. - With Best Buy now beginning to open some of its stores, with an online scheduling process in place and strict guidelines, Best Buy will be able to enti......
$1495

TJX Companies: Coronavirus (COVID-19) Company impact

TJX Companies: Coronavirus (COVID-19) Company impact Summary Reliance on severely impacted regions will harm TJX in the short run, but its future prospects look brighter than most. TJX has been striving to protect its workers' safety and financial security amid the pandemic, which will help to ensure greater commitment in the long term. The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact TJX's performance. Scope - Despite the severe immediate effects of the coronavirus on its sales, TJX is better placed than other clothing and home fashion retailers to recovery quickly and return to growth due to its market positioninga s a major off-price retailer. - Geographically, TJX is extremely exposed to the woes of COVID-19 due to its reliance on North Ameri......
$1495

FMCG Industry Business Confidence Report 2020

FMCG Industry Business Confidence Report 2020 Summary Globally, the existing economic environment is stable for the FMCG industry, as stated by 49% of respondents. Meanwhile, 22% felt that current economic conditions were favorable for the FMCG industry. The recent global COVID-19 pandemic has affected the entire global economy, including the FMCG sector. The government move towards partial/ complete lockdown in most of the regions has affected supply chains, thereby, significantly impacting the business growth of FMCG companies. The current global uncertainty coupled with restricted consumer spending has halted the growth of FMCG companies. Furthermore, 41% of respondents expect a positive change in consumer confidence over the next 12 months (March 2020-February 2021). Globally, survey......
$1950

Chile Hotels Market Analytics to 2023: Rooms and Revenue Analytics

Chile Hotels Market Analytics to 2023: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report Chile Hotels Market Analytics to 2023: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2014 to 2018 and forecast to 2023. Furthermore, the report also details out Room Occupancy Rate (percentage of av......
$750

India Hotels Market Analytics to 2023: Rooms and Revenue Analytics

India Hotels Market Analytics to 2023: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report India Hotels Market Analytics to 2023: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2014 to 2018 and forecast to 2023. Furthermore, the report also details out Room Occupancy Rate (percentage of av......
$750

Portugal Hotels Market Analytics to 2023: Rooms and Revenue Analytics

Portugal Hotels Market Analytics to 2023: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report Portugal Hotels Market Analytics to 2023: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2014 to 2018 and forecast to 2023. Furthermore, the report also details out Room Occupancy Rate (percentage......
$750

United Arab Emirates Hotels Market Analytics to 2023: Rooms and Revenue Analytics

United Arab Emirates Hotels Market Analytics to 2023: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report United Arab Emirates Hotels Market Analytics to 2023: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2014 to 2018 and forecast to 2023. Furthermore, the report also details out Room Oc......
$750

Colombia Hotels Market Analytics to 2023: Rooms and Revenue Analytics

Colombia Hotels Market Analytics to 2023: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report Colombia Hotels Market Analytics to 2023: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2014 to 2018 and forecast to 2023. Furthermore, the report also details out Room Occupancy Rate (percentage......
$750

Ireland Hotels Market Analytics to 2023: Rooms and Revenue Analytics

Ireland Hotels Market Analytics to 2023: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report Ireland Hotels Market Analytics to 2023: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2014 to 2018 and forecast to 2023. Furthermore, the report also details out Room Occupancy Rate (percentage o......
$750

Russia Hotels Market Analytics to 2023: Rooms and Revenue Analytics

Russia Hotels Market Analytics to 2023: Rooms and Revenue Analytics Summary Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future. The report Russia Hotels Market Analytics to 2023: Rooms and Revenue Analytics provides deep dive data analytics on wide ranging Hotels business aspects including overall revenue by customer type - Business and Leisure, by type of hotel - Budget, Midscale, Upscale & Luxury, Room & Non-Room Revenues, Number of Establishments & Rooms and Guest In-Flow's for the period 2014 to 2018 and forecast to 2023. Furthermore, the report also details out Room Occupancy Rate (percentage of ......
$750
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy