PROSPECTS AND OPPORTUNITIES
Weakening sales projected for forecast period
During the pandemic and immediately after, Spanish consumers made substantial investments in appliances and electronic devices, particularly in large appliances whose lifecycle typically spans between eight and ten years. As a result, there is likely to be a lower need for replacements in the near future, leading to weaker sales for appliance retailers over the forecast period.
Omnipresence to determine the success of appliances and electronics specialists
Omnichannel strategies and the successful coordination of these channels will likely influence how well appliances and electronics specialists perform in the years ahead. Although major retailers already operate e-commerce sites, further integration across digital platforms - including social networks and marketplaces - is increasingly vital to enhance the customer journey.
Circular economy and convenience to shape progression
Spain’s growing emphasis on sustainability and environmental responsibility is expected to shift consumer interest towards second-hand and refurbished electronics and appliances. Many local consumers find these options not only more cost-effective - particularly in an era of reduced purchasing power - but also in line with broader movements toward locally sourced, organic, recyclable and otherwise eco-friendly products.
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Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Spain 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 Spain, 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 Spain 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 Spain?
- Which are the leading retailers in Appliances and Electronics Specialists in Spain?
- 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 Spain - Category analysis
KEY DATA FINDINGS
Change in TV channels frequency in Spain results in sales increase
Players invest more in sustainability and their omnichannel presence
Independent retailers suffer from increased costs and thinning margins
Weakening sales projected for forecast period
Omnipresence to determine the success of appliances and electronics specialists
Circular economy and convenience to shape progression
Retail in Spain - Industry Overview
Retail in 2024: The big picture
Online sales continue to grow, but consumers still value offline retail
Sustainability-focused development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
January sales
Summer sales
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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