PROSPECTS AND OPPORTUNITIES
Appliances and electronics specialists are set to be challenged by retail e-commerce and second-hand goods
Sales for appliances and electronics specialist retailers are expected to record a current value CAGR of 0% (2024 constant value CAGR of -2%) over the forecast period. Consumers are increasingly shifting to retail e-commerce to compare prices and seek out better deals and promotions, contributing to the downturn in traditional retail for appliances and electronics.
The leading player in Ireland, Harvey Norman, expands into England
In January 2024, Australian retail giant Harvey Norman (Harvey Norman Trading (Ireland) Ltd), which is the leading brand in appliances and electronics specialists in Ireland, announced plans to open a store in England as part of its UK expansion strategy. The opening of the Merry Hill store, in the West Midlands in the UK, is set to mark the beginning of expected further investments in the region, with plans for additional expansions in the coming months.
The uncertain geopolitical situation and an expected increase in customs duties and tariffs
Electronic devices and appliances are heavily reliant on imports, most of which are manufactured in Asian countries. Growing concerns have emerged about the possibility of a trade conflict between the European Union and China, which could have significant ramifications for the sector.
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Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Ireland 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 Ireland, 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 Ireland 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 Ireland?
- Which are the leading retailers in Appliances and Electronics Specialists in Ireland?
- 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 Ireland - Category analysis
KEY DATA FINDINGS
Appliances and electronics specialists maintain retail value sales during 2024
Consumers shift to retail e-commerce to buy smaller electronics at affordable price points
The Irish Government raises awareness about recycling broken and unused appliances
Appliances and electronics specialists are set to be challenged by retail e-commerce and second-hand goods
The leading player in Ireland, Harvey Norman, expands into England
The uncertain geopolitical situation and an expected increase in customs duties and tariffs
Retail in Ireland - Industry Overview
Retail in 2024: The big picture
Retailers focus on sustainability to align with consumer demands
Consumers continue to be cautious of their spending during 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Easter
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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