PROSPECTS AND OPPORTUNITIES
Import reforms push up air conditioner prices
Although Israel’s Imports Reform in June 2023 eliminated the 12% customs duties on air conditioners and heaters imported from Eastern countries, a combination of import challenges and strained relations with Turkey has led to higher prices. As importers turn to more expensive markets and grapple with rising transportation costs, retail prices are expected to climb further throughout the early forecast period.
Euronics to enter local market
Euronics, an international electronics retailer, has officially announced plans to enter the Israeli market, signalling confidence in the country’s long-term growth prospects. The franchising rights have been secured by New Star Electric, which aims to open 38 Euronics-branded stores over the next five years, beginning in 2025.
Return of overseas travel could impact domestic electronics sales
Once the Israel-Hamas war subsides, outbound travel is expected to rebound sharply, which could negatively affect domestic sales of small electronics such as mobile phones. Historically, many Israelis have opted to purchase these items abroad, where prices can be lower and product selections more diverse.
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Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Israel 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 Israel, 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 Israel 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 Israel?
- Which are the leading retailers in Appliances and Electronics Specialists in Israel?
- 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 Israel - Category analysis
KEY DATA FINDINGS
Ongoing war impacts consumer spending
Issues with Turkish imports
Worker shortages and construction delays impact the market
Import reforms push up air conditioner prices
Euronics to enter local market
Return of overseas travel could impact domestic electronics sales
Retail in Israel - Industry Overview
Retail in 2024: The big picture
Grocery retailers thrive amid Israel-Hamas war
Polarised spending reshapes the market
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Jewish New Year
Passover
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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