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 2029.
The electricals sector is forecast to grow at compound annual growth rate (CAGR) of 2.1% between 2024 and 2029, reaching £51.5bn by the end of the period. Growth will be strongest for phones & software, which will grow at a CAGR of 4.9% as consumers seek to upgrade their smarphones for ones with AI capabilities.
Key Highlights
- The electricals sector is forecast to grow at compound annual growth rate (CAGR) of 2.1% between 2024 and 2029, reaching £51.5bn by the end of the period.
Scope
- Currys and Amazon were the biggest winners in 2024
- Secondhand electricals will outpace retail out to 2029
- Retailers are diversifying revenue streams with supplemental services
Reasons to Buy
- Using our five year forecasts to 2029, learn which categories in the Electricals market will be the fastest performing to enable focus and investment in these winning product areas.
- Understand how drivers of Electricals purchases, such as range, price and quality, vary in importance among different demographics to maximise sales potential.
- Use our in-depth analysis and forecasts to understand the current and future performances of the different channels, including online and offline.