PROSPECTS AND OPPORTUNITIES
Appliances and electronics specialists will benefit from growing customer base
Appliances and electronics specialists is expected to see value sales rise in current terms over the forecast period, while they decline slightly at constant 2024 prices. As the South African population continues to increase, alongside the growing number of digital native shoppers, appliances and electronics specialist retailers will likely benefit from increased demand for affordable smartphones.
Emerging BNPL model could provide room for expansion in premium offerings
Concerns over the sustainability of BNPL offerings have led to the emergence of asset-backed solutions aiming to mitigate operating risks while boosting sales of high-value items. In this context, Float, a BNPL service introduced in November 2021, which links instalments to existing credit cards without incurring extra fees or interest for up to 24 months, emerged as a front runner in 2024.
Sustainable offerings will expand as consumer expectations rise
Rising concerns over the disposal of damaged appliances and electronics encouraged South Africa to introduce an e-waste management programme towards the end of the review period. Dominated by electronics and appliances, the aim was to address the estimated 350,000 tonnes of waste generated annually.
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Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in South Africa 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 South Africa, 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 South Africa 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 South Africa?
- Which are the leading retailers in Appliances and Electronics Specialists in South Africa?
- 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 South Africa - Category analysis
KEY DATA FINDINGS
Appliances and electronics specialists facing challenging market conditions
Pepkor redefines affordability in smartphones
Appliances and electronics are increasingly available on demand
Appliances and electronics specialists will benefit from growing customer base
Emerging BNPL model could provide room for expansion in premium offerings
Sustainable offerings will expand as consumer expectations rise
Retail in South Africa - Industry Overview
Retail in 2024: The big picture
Competition intensifies, leading to a more consolidated market
SARS introduces new regulation for cross-border e-commerce
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
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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