PROSPECTS AND OPPORTUNITIES
E-commerce threatens to undermine the recovery of appliances and electronics specialists
With falling interest rates and declining inflation, consumer purchasing power is expected to improve over the forecast period, leading to a more optimistic outlook for appliances and electronics specialists. As financial pressures ease, there should be an uptick in demand for discretionary items, including electronics and appliances.
Elgiganten set to install EV charging stations across its store network
Elgiganten has partnered with energy company OK to establish fast and quick electric vehicle (EV) charging stations at its customer parking lots, thereby providing an additional layer of convenience for electric car owners. By early 2024, the first of 146 charging points across 30 locations will be installed, with further expansion planned.
Focus shifts to sustainable initiatives and the circular economy
Consumers are becoming increasingly conscious of the wider impact of their purchasing decisions, while the government and the EU are placing growing pressure on businesses to become more responsible with regard to sustainability initiatives. In line with this, at the end of 2024, Elgiganten launched a repair-focused campaign to promote sustainability and combat the use-and-throwaway culture.
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Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Denmark 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 Denmark, 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 Denmark 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 Denmark?
- Which are the leading retailers in Appliances and Electronics Specialists in Denmark?
- 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 Denmark - Category analysis
KEY DATA FINDINGS
Economic pressures take their toll on sales in 2024
Elgiganten and Power increase their dominance
Retailers exploring B2B opportunities
E-commerce threatens to undermine the recovery of appliances and electronics specialists
Elgiganten set to install EV charging stations across its store network
Focus shifts to sustainable initiatives and the circular economy
Retail in Denmark - Industry Overview
Retail in 2024: The big picture
Grocery retailers seeing changes as they fight to remain competitive
Retailers focus on domestic sport sponsorship deals to boost sales
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Summer clothing
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.
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