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)

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) GBP22.49 Billion
CAGR (2022-2027) >1%
Historic Period 2017-2022
Forecast Period 2023-2027
Key Category ·        Audio Visual

·        Computer & Tablets

·        Major Kitchen Appliances

·        Phones & Software

·        Small Kitchen Appliances

·        Small Domestic Appliances

·        Personal Care

Key Channel ·        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

·        Others

Key Companies ·        Currys

·        Amazon

·        Argos

·        John Lewis & Partners

·        Apple

·        AO

·        Tesco

·        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)

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 (%)

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 (%)

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
  • Others

Key Highlights

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.

Aldi
Amazon
AO
Apple
Appliances Direct
Argos
ASDA
B&M
B&Q
Back Market
Boots
Box.co.uk
Clearpay
Currys
Dunelm
eBay
EE
eFones
Exertis
Home Bargains
IKEA
John Lewis & Partners
Klarna
Lidl
Marks Electricals
Morrisons
musicMagpie
Richer Sounds
Ring
Sainsbury's
Samsung
Sony
Tesco
The Range
The Very Group
TikTok
TK Maxx
Wilko
Yoltso

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

Table

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

Figures

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

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