Value sales of appliances and electronics specialists (at constant 2024 prices) are expected to marginally decline over the forecast period, driven by economic pressures and intensified competition from retail e-commerce platforms. Persistently high inflation and reduced disposable incomes have led to cautious consumer spending, with shoppers becoming increasingly reluctant to invest in large household appliances and high-cost electronics.
Smart technology and home automation will continue to drive future opportunities within appliances and electronics specialists in the UK over the forecast period. As local consumers increasingly adopt connected devices, retailers that offer a wide selection of smart home products will be better positioned to capitalise on this growing interest.
With appliances and electronics specialists facing declines in both sales terms and outlet numbers over the forecast period, optimising product selection will be essential for retailers to drive in-store sales. Unlike retail e-commerce platforms that offer virtually unlimited product ranges, physical stores operate with space constraints.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in United Kingdom 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 United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 definitionsThis report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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