;
COVID-19 SERVICE: We are heightening our efforts to assist the UK retail & leisure industry through this challenging period. Explore this service now… COVID-19 SERVICE

UK Electricals Sector Report | Data & Forecasts

December 2022

What's included in this report?

  • Electricals Market Share - top 10 Electricals retailers
  • Electricals Market Size estimates (£m)
  • Electricals Sales Growth by category
  • Total Spending by category (£m)
  • Online Electricals Sales (y-o-y)
  • Forecasts for 2021 - 2025
  • Footfall by channel and region
  • Regional Weather data and more…

UK Electricals Sector Report : December 2022

Access report with a free trial subscription

No payment required. Free for 30 days. Cancel anytime

Report Summary

Period covered: 01 May – 28 May 2022

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.

Electricals sales 00 00% YoY in May, according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted) against a 00% rise a year ago.

Despite the double digit rise a year ago, growth was relatively underwhelming during the first full month of non-essential stores being open, following the third national lockdown. At the time, Furniture and Clothing sales were boosted by pent up demand, transferring demand away from the sector.

Tough backdrop

The cost of living crisis continued to dominate in May with affordability concerns at the forefront of consumers minds.

Around 9 in 10 adults reported a rise in their cost of living over the last month as inflation surged to 9.1%, a 40-year high.

Further pressure was piled on household budgets with a 10p per litre uplift in petrol prices at the pump to £1.70. A further uplift has been witnessed in June.

00-00 (00%) of consumers are cutting back on non-essentials due to their cost of living rising.

Confidence fell further, with GfK’s headline consumer confidence measure declining two points to the record low rate of -40 in May.

Worryingly, consumers’ willingness to make large purchases, plummeted 00 00 00 00 00 00, according to the GfK Major Purchases Index, a staggering 00 points lower than year earlier.

Big ticket items suffered as a result, with weak demand for white goods and computing during the month.

Anecdotal evidence suggests there was a notable shift in buying behaviour during the month with consumers trading down to cheaper alternatives, particularly for household appliances.

Take out a FREE 30 day membership trial to read the full report.

 

Willingness to make major purchases deteriorates

Source: GfK

Latest monthly UK Electricals Sector Report

Report: May 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
Report: April 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
Report: March 2022 Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or... read more
View Archive

Need more insight on UK retail?

Try a FREE 30 day trial subscription

How it works
  • Free for 30 days, no payment details, cancel anytime
  • Create account and log into your retail insight dashboard
  • Download free retail economic and sector reports
  • Download thought leadership reports and presentations
  • Access time series data and much more…
Get insight with a FREE trial subscription

Trusted by

    Sainsburys Argos O2 Barclays Warner Bros Akznobel Sky British Land

Report Contents

UK Electricals Sector Report Report
  • Executive Summary
  • Sector analysis
  • Electricals – Retail Economics Index
  • Macro Factors
  • Consumers
  • Labour market
  • Earnings
  • Costs, Prices and Margins
  • Weather Watch
  • Average Temperature
  • Average sunshine hours
  • Average Rainfall

3 reasons to use us


Quickly learn from easy & digestible reports

Our concise and jargon-free content enables you to get to the heart of key developments and trends quickly – underlined by the latest data and expert analysis 


We do the 'heavy lifting' & insight mining

We collate and analyse proprietary data as well as third party statistics from leading industry sources so you get a comprehensive and balanced view of the sector


We help you with client engagement 

Have better client conversations from using our proprietary data and insights to help you understand the changes and challenges currently shaping the industry

About our reports and subscriptions

Retail Economics publishes monthly Retail Reports for the UK Electricals sector giving you actionable insights for your business.

It provides in-depth analysis of the latest macroeconomic and consumer trends affecting the UK Electricals sector including market size estimates for: Audio & Visual Electricals, PC and Tablets, Large Household Appliances, Small Household Appliances, Computer Software, Games Consoles, Telephone, Fax, Small Domestic Appliances, Personal Care and more.

Other popular retail reports

Top