The UK Electricals Market 2016 - 2021; Market size, market forecast and recommendations

Published: May 2016
No. of Pages: 65
    ReportsandReports

Summary

While growth in the electricals market is expected to be relatively slow over the next five years, it will be stronger than the past five - with a lot of delayed white good purchases put off in the recession that are now being made. After facing a tough five years, specialists in the electrical sector are expected to make a comeback and see 11.7% growth between 2016 and 2021, the second fastest-growing channel after department stores. Dixons Carphone is a key element in this story with the success of its merger which has led to a successful new 3-in-1 store format, a wide click and collect network and investment into its service offer. This report provides an overview of the major issues currently affecting the UK electricals market.

Key Findings

  • Computers and tablets to increase share of the electricals market - The computers and tablets market in 2016 represents 23.2% of electricals total sales and this is expected to increase to 24% in 2021 as it continues to outperform the total market. The development of new technology and continued popularity of tablets, as well as the introduction of more value-led products that has opened the market up to the less affluent, has driven this performance and we expect it to continue over the next five years.
  • Keep shoppers interested in new technology - A significant proportion of the electricals market is driven by new technology and while some brands such as Apple have a loyal customer base that means any new product launches have an instant buzz around them, other brands have to work harder to create this.
  • Less affluent shoppers increasingly important - More shoppers from less affluent demographic groups are buying electricals as more affordable products are brought into the market. In 2015, 57% of electricals shoppers fell into the AB and C1 socio-demographic groups, with 43% falling into the C2 and DE groups. This highlights that, while the more affluent shoppers are spending more and more frequently, catering for the less affluent shoppers is still important.
  • Trading conditions within the market will become tougher - Trading conditions are expected to become more difficult from 2017-onwards as household incomes are squeezed from rising inflation, tax credit cuts and fiscal austerity, which will mainly impact middle income earners. Retailers' margins will suffer, caused by deflation and discounting.
  • Games console cycle to see shake up - Unlike phones and laptops that see annual updates and improvements, games consoles are on a much longer cycle. However, in March 2016, Microsoft hinted that its Xbox console will see a major shift with its Xbox One receiving continual hardware upgrades over its lifetime. Given the cost involved, this is unlikely to mean annual, iterative updates in the form of slightly tweaked models, similar to Apple's release of an updated iPhone each year.

Synopsis

"The UK Electricals Market 2016-2021", a Sector Report by Verdict Retail, provides an executive-level overview of the UK electricals market today, with forecasts of values up to 2021. It delivers deep quantitative and qualitative insight into the UK electricals market, analyzing key trends in the market based on proprietary data from Verdict Retail's primary consumer research and contacts throughout the electricals market.

It provides in-depth analysis of the following:

  • Market size and forecast; a look at the total market size and forecast size for the electricals market and sub-sectors in the UK, with an overview of the key trends.
  • Market shares for the 2016 and the previous five years.
  • Summary of main influences; an overview on the factors driving consumer trends within the UK electricals market.

Reasons To Buy

  • This Sector Report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of the UK electricals market based on insights from within Verdict's proprietary, consumer insight from our bespoke surveys and interviews with industry experts.
  • The report is designed for an executive-level audience, boasting presentation quality that allows it to be turned into presentable material immediately.
  • The broad but detailed perspective will help retailers to understand and succeed in the challenging electricals market.

Companies Mentioned

  • MandS
  • Arcadia
  • Topshop
  • Evans
  • Outfit
  • Miss Selfridge
  • Dorothy Perkins
  • Next
  • Primark
  • Debenhams
  • John Lewis
  • Hobbs
  • Mint Velvet
  • Bonmarché
  • New Look
  • Tesco
  • Asda
  • FandF
  • George
  • Tu
  • Sainbury's
  • Shop Direct
  • Very
  • ASOS
  • Zara
  • N Brown
  • French Connection
  • Ted Baker

Published By: GlobalData
Product Code: Verdict674


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • All retailers in Europe, USA and main countries outside

    The data includes data on turnover, numbers of outlets, contact address, website, management etc....

  • All retailers in Germany

    The data includes data on turnover, numbers of outlets, contact address, website, management etc....

  • Fashion & Clothing retailers in Europe and main countries worldwide

    The database contains ranking, profiles and all key information about Fashion&Clothing retail chains in Europe and main countries worldwide. The data includes data on turnover, numbers of outlets and brandnames....

  • 2017-2022 Luxury E-tailing Report on United States and Global Market, Status and Forecast, by Players, Types and Applications

    This report studies the Luxury E-tailing on United States and global market, focuses on the top players in US market and also the market status and outlook by type and application. Geographically, this report is segmented into several key regions,...

  • Retail Market in China 2017-2021

    Retail refers to the business process where a business entity sells its products or offers services to an individual. The transaction can occur through different sales channels such as online or brick-and-mortar storefronts. The key characteristic of...

  • Global Online Grocery Market 2017-2021

    Grocery stores often offer non-perishable food that is packaged in cans, bottles, and boxes, with some also having fresh produce, butchers, delis, and bakeries. Large grocery stores, which stock significant amounts of non-food products, such as beaut...

  • Global Online Electronics Retailing Market 2017-2021

    Electronic devices comprise electric circuits that include components such as transistors, integrated circuits, diodes, and interconnection technologies. Most electronic devices use semiconductors to perform electron controls. The global online elect...

  • Global Electronics Retailing Market Size, Status and Forecast 2022

    This report studies the global Electronics Retailing market, analyzes and researches the Electronics Retailing development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in g...

  • Electricity Retailing Global Industry Almanac_2017

    Electricity Retailing Global Industry Almanac_2017 Summary Global Electricity Retailing industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and fore...

  • Economic & Retail Update Q1 2017

    Economic & Retail Update Q1 2017 Summary As the impact of the shock EU referendum result begins to be realised, the UK economy will feel the brunt with inflation rising and consumer confidence remaining low. This report provides an overview of ...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: