United Kingdom (UK) Electricals Market Analysis by Categories, Revenue Share, Consumer Attitudes, Key Players and Forecast to 2027
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United Kingdom (UK) Electricals Market Report Overview
The UK electricals market size reached GBP22.49 billion in 2022. The market is likely to witness a growth of more than 1% during 2022-2027 as the market is set to return to growth in 2024 post the pandemic as consumer confidence and wage growth rise, and bolstered by the recovery of the housing market .
UK Electricals Market Outlook 2022-2027 (GBP Billion)
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The UK electricals market research report offers comprehensive insight and analysis of the electricals market, the major players, key trends, and consumer attitudes. It provides an in-depth analysis of the hot issues impacting the market (such as inflation), strategies for success, market sizes from 2017 and forecasts to 2027, retailer profiles and market shares, and consumer shopping behavior.
|Market Size (2022)
|· Audio Visual
· Computer & Tablets
· Major Kitchen Appliances
· Phones & Software
· Small Kitchen Appliances
· Small Domestic Appliances
· Personal Care
|· Online Specialists
· Multi-Channel Retail
· Electrical and Electronics Specialists
· Value, Discount, and Variety Stores and General Merchandise Retail
· Hypermarkets, Supermarkets, and Hard Discounters
· Department Stores
· John Lewis & Partners
· The Very Group
· Appliances Direct
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UK Electricals Market Drivers
Easily accessible finance option is one of the key factors driving the UK electricals market. For instance, the rise of buy now, pay later services such as Klarna and Clearpay has enabled consumers to spread the cost of large purchases over a longer time, enabling them to make big-ticket purchases. Additionally, some retailers offer own their flexible finance options, for example, Currys offers multiple buy now, pay later options to suit its shoppers’ needs including the ability to defer payment by up to a year or make smaller payments over a time period of up to three years.
UK Electricals Market Segmentation by Category
The audio-visual category accounted for the largest UK electricals market share in 2022 and is expected to maintain its dominance in the coming years.
The key categories in the UK electricals market are audiovisual, computers & tablets, major kitchen appliances, phones & software, small kitchen appliances, small domestic appliances, and personal care. Relative to other electrical categories, phones & software is forecast to experience the highest CAGR between 2022 and 2027. Within this, growth is expected to be driven by the mobile phones & landlines sub-category.
UK Electricals Market Analysis by Category, 2022 (GBP Billion)
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UK Electricals Market Segmentation by Channel
The key channels in the UK electricals market are multi-channel retail, online specialists, electrical and electronics specialists, value, discount, and variety stores and general merchandise retail, hypermarkets, supermarkets, and hard discounters, department stores, and others. The online specialists’ channel accounted for the highest revenue in the UK electricals market in 2022 and is expected to maintain its dominance in the coming years.
UK Electricals Market Analysis by Channels, 2022 (%)
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UK Electricals Market – Competitive Landscape
Some of the key electrical retailers in the UK are Currys, Amazon, Argos, John Lewis & Partners, Apple, AO, Tesco, The Very Group, and Appliances Direct. Currys dominated the UK electricals market in 2022 in terms of revenue and share.
UK Electricals Market Analysis by Retailers, 2022 (%)
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Key Segments Covered in the UK Electricals Market
UK (United Kingdom) Electricals Market Outlook by Category (Share, %, 2017-2027)
- Audio visual
- Computers & tablets
- Major kitchen appliances
- Phones & software
- Small kitchen appliances
- Small domestic appliances
- Personal care
UK (United Kingdom) Electricals Market Outlook by Channel (Share, %, 2017-2027)
- Multi-channel Retail
- Online Specialists
- Electrical and Electronics Specialists
- Value, Discount, and Variety Stores and General Merchandise Retail
- Hypermarkets, Supermarkets, and Hard Discounters
- Department stores
The electricals market is forecast to decline by 0.7% in 2023 as consumers deprioritise electricals purchases
Omnichannel propositions have boosted the fortunes of Currys and Argos, but cannot offset John Lewis & Partners’ woes
Consumers in lower social grades make fewer electricals purchases and prioritise price
Reasons to Buy
- Using our five-year forecasts to 2027, learn which subcategories in the electricals market will be the fastest performing to enable focus and investment in these winning product areas.
- Understand how drivers of electrical purchases, such as range, price, and quality, vary in importance among different demographics in order to maximize sales potential.
- Use our in-depth analysis of the challenges faced by key retailers in the sector in order to understand how to steal shoppers and market share.
John Lewis & Partners
The Very Group
Table of Contents
- 1. Executive Summary
- 2. Key Trends in the UK Electricals Market
- 2.1 Drivers and inhibitors
- 2.2 Key trends
- 2.3 Strategies for success
- 3. UK Electricals Market 2022-2027
- 3.1 Market size and forecasts
- 3.2 Category performance and forecasts
- 3.3 Channel performance and forecasts
- 3.4 Online performance and forecasts
- 4. Competitive Landscape
- 4.1 Revenue and market shares of Top 10 players
- 4.2 Profiles of leading players
- 4.3 Retailers to watch
- 5. Consumers
- 5.1 Penetration & profile
- 5.2 Channel usage & fulfilment methods
- 5.3 Purchase frequency
- 5.4 Consumer drivers
- 5.5 Shopper preferences
- 6. Methodology, Definitions & Contacts
UK Electricals Category Segment Value and Forecast, 2022 & 2027
UK Electricals Channel Value & Forecast, 2022 & 2027
Top 10 UK Electricals Retailers, 2022
UK Electricals Competitor Overlap, 2023
UK Electricals Category Penetration, 2023
UK Electricals Channel Usage, 2023
UK Electricals Fulfilment Methods, 2023
UK Electricals Consumer Drivers, 2023
UK Electricals Market GBP m, 2017, 2022, 2027 & CAGR %
UK Electricals Market Value GBP bn, 2017-2027
UK Electricals Market Annual Growth %, 2017-2027
UK Electricals Categories by Value GBP bn, 2022 & 2027
UK Electricals Categories by Value Growth %, CAGR, 2022-2027
UK Electricals Market by Category %, 2017-2027
UK Electricals Online Market Size GBP bn and Online Penetration %, 2017-2027
UK Electricals Channel Growth, 2017-2027
UK Electricals Market by Channel, 2022 and 2027
Market Shares of Top 10 UK Electricals Retailers, 2021-2023e
Top 20 Most Visited Retailers for Electricals %, 2023
Top 20 Most Purchased from Retailers for Electricals %, 2023
Currys’ UK Electricals market share % 2017-2023e
Amazon’s UK Electricals market share % 2017-2023e
Argos’ UK Electricals market share % 2017-2023e
ASDA’s UK Electricals market share % 2017-2023e
UK Electricals Penetration %, 2023
UK Electricals Profile %, 2023
UK Electricals Category Penetration %, 2023
UK Electricals Channel Usage %, 2023
UK Electricals Fulfilment Methods %, 2023
UK Homewares Purchase Frequency, 2023
UK Homewares Consumer Drivers %, 2023
How UK consumers intend to change their shopping habits due to rising prices, 2023
Frequently asked questions
What was the United Kingdom electricals market size in 2022?
The electrical market size in the United Kingdom was valued at GBP22.49 billion in 2022.
What is the UK electricals market growth rate?
The market is likely to witness a growth of more than 1% during 2022-2027.
What category accounted for the highest revenue in the UK electricals market during 2022?
The audio visual category accounted for the highest revenue in the UK electricals market in 2022.
Which channel accounted for the highest revenue in the UK electricals market during 2022?
The online specialists’ channel accounted for the highest revenue in the UK electricals market in 2022.
Who are the top retailers in the United Kingdom electricals market?
Some of the top electrical retailers in the United Kingdom are Currys, Amazon, Argos, John Lewis & Partners, Apple, AO, Tesco, The Very Group, and Appliances Direct.
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