PUBLISHER: GlobalData | PRODUCT CODE: 1369487
PUBLISHER: GlobalData | PRODUCT CODE: 1369487
The UK Electricals report offers a comprehensive insight into the Electricals market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes, as well as providing market forecasts out to 2027.
After experiencing a normalisation of the market in 2022 after two years of pandemic-induced stronger growth, the electricals market is forecast to decline by 0.7% in 2023. Many consumers are cutting back on their non-essential spending, including electricals items, due to their constrained discretionary incomes; and the weak housing market has reduced the need for consumers to purchase items such as major and small kitchen appliances as they are less able to move into a new home.