PROSPECTS AND OPPORTUNITIES
Gradual recovery and a focus on refurbished products
Over the forecast period, appliances and electronics specialists’ recovery is likely to be gradual. In retail value (constant 2024 prices) terms, sales are projected to drop, alongside further declines in the number of outlets.
Expansion of smart home and connected devices is set to provide dynamism
While the demand for traditional consumer appliances and electronics remains slow, there is strong growth potential through smart home and connected devices. Apple and Best Buy are well positioned to lead this area of the category by expanding their offerings of smart home devices, security systems and energy-efficient appliances.
Sustainability and energy-efficiency remain key sales drivers
Sustainability and energy-efficiency are set to continue to be important selling points over the forecast period. Players will need to promote energy-efficient appliances and eco-friendly electronics to appeal to environmentally-conscious consumers.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Appliances and Electronics Specialists in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Appliances and Electronics Specialists in Canada?
- Which are the leading retailers in Appliances and Electronics Specialists in Canada?
- 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?
Appliances and Electronics Specialists in Canada - Category analysis
KEY DATA FINDINGS
Post-pandemic downturn and shifts in consumer spending
More intense competition increases the pressure on smaller players
Slow recovery for big-ticket consumer appliances hits specialist retailers
Gradual recovery and a focus on refurbished products
Expansion of smart home and connected devices is set to provide dynamism
Sustainability and energy-efficiency remain key sales drivers
Retail in Canada - Industry Overview
Retail in 2024: The big picture
Seamless shopping with the rise of omnichannel experiences in retail in 2024
Health and wellness takes centre stage in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
New Year’s Day
Valentine’s Day
Easter
Mother’s Day
Father’s Day
Canada Day
Back-to-School
Thanksgiving
Halloween
Black Friday
Cyber Monday
Christmas
Boxing Day
DISCLAIMER
Appliances and Electronics Specialists
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!