Electricals Retailing in the UK | Verdict Market Report

NEW YORK, Aug. 13, 2012  /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Electricals Retailing in the UK | Verdict Market Report

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Low consumer confidence alongside deflation in the market has resulted in the electricals market shrinking in 2012. However, new products in the market are partially offsetting this. Learn where the opportunities and threats are in the market and how to manage these most effectively for your business.Take advantage of new high growth products on the market to ensure correct product mix can maximise growth potential.Manage declining margins in a deflationary market and reduce costs in your business.Identify the opportunities to grow business in this sector by comparing strategies of the key players in the market and their performance metrics.Use forecasting data to plan future strategies as the market changes over the next five years.The electricals market has continued to slide since its last peak in 2008 with a fall in value of 3.7% in 2011 to be followed, we predict, by a decline of 1.4% for 2012 to £21.0bn. The sector has suffered in an economy which has slipped back into recession across the end of 2011 and start of 2012.Showrooming, where consumers use shops to choose a product before buying at the lowest price from an online retailer, is becoming an increasing problem as people aim to keep purchase costs down. The increased take up of smartphones and use of price comparison websites allows consumers to check for the best deals anytime anywhere.Electricals manufacturers are starting to give more favourable terms to stores which showcase their products. This is especially the case with premium brands that need physical retailers to demonstrate why consumers should pay more.How are the major players adapting to changing market channels, such as the increasing importance of online?How are online pureplays threatening high street specialists and how can retailers deal with these threats?Which retailers will gain market share in 2012, which are expected to be the greatest share losers and why? What can competitors learn from this?What are the factors that will impede or maximise future growth opportunities and sales in electricals retailing?

EXECUTIVE SUMMARY

Key findings

(Untitled sub-section)

Main conclusions

Electricals suffer in a weak economy …

… but there are grounds for optimism

Reduced deflation

Slow housing market impedes growth

Technology and lifestyles reduce spend

Retailers focused on customer service outperform the market

Showrooming continues to be a major threat to physical stores …

… but suppliers give favourable terms in return for showcasing

KEY ISSUES

Electricals market still in turmoil

Service and range separates retail winners from losers

Margins continue to suffer

Customer service crucial to increase revenue

The changing relationship between manufacturers and retailers

Terms improve for retailers who showcase manufacturers products

Supplier power rises

TV's central role challenged

New technology slow to impact

Retailers promote SmartTVs more than 3D

Microsoft, Sony and Nintendo make retailers play a waiting game

iPad proves big winner of tablet revolution

Changes by regulator radically alters mobile phone market

Changing product mix through evolving channels

Weak housing market …

… leads to weak white goods sales

Online sales overwhelm electricals sector

Last stand of the catalogue

MARKET ANALYSIS

Market definition

Overview

Demand remains subdued

Expenditure analysis by sub sector

Grey goods make large market share gain

Brown goods: audio-visual equipment

Return to growth after poor 2011

Brown goods: games consoles & software

Large decline, but the future is brighter

Brown goods: photographic & optical equipment

Camera phones eat away at revenue

Grey goods: information processing equipment

Tablets lead the way

Grey goods: fixed and mobile phones

Big fall in pay-as-you-go mobile phone market

White goods: major household appliances

Decline begins to slow

White goods: minor household appliances

Strong growth shows resilience

Electricals specialists

Specialists lose ground

Channels of distribution

Online pureplays overtake Argos

Electricals forecast

Growth to return by 2013

Grey goods will prosper from tablet sales

New games consoles key to brown goods growth

White goods need a property market recovery

COMPANY DATA ANALYSIS

Channels of distribution

Apple cuts a dash

APPENDIX

Definitions

Current prices

Inflation

Constant prices

Total growth

Volume growth

Further reading

Ask the analyst

Disclaimer

TABLES

Table: Electricals market definition 2012

Table: Total consumer expenditure on electrical goods 2002–12e

Table: Audio-visual equipment expenditure 2007–12e

Table: Games consoles & software expenditure 2007–12e

Table: Photographic & optical equipment expenditure 2007–12e

Table: Information processing expenditure 2007–12e

Table: Fixed and mobile phones expenditure 2007–12e

Table: Major household appliances expenditure 2007–12e

Table: Minor household appliances expenditure 2007–12e

Table: Electricals specialists sales, space and stores 2007–12e

Table: Electricals channels of distribution 2007 and 2012e

Table: Electricals market size forecast 2012 – 16

Table: UK electricals retailers market shares 2007–12e

Table: Major UK electricals retailers key operating statistics – trading 2010/11

Table: Major UK electricals retailers key operating statistics – space 2010/11

FIGURES

Figure: Dixons KNOWHOW service at a flagship store 2012

Figure: Percentage of loyal main users identifying drivers of loyalty 2008–12

Figure: Ebuyer crowdsourced technical support 2012

Figure: Samsung's latest SmartTV 2012

Figure: Nintendo's Wii U console 2012

Figure: Google's Nexus 7 tablet 2012

Figure: Huawei's Ascend G300 budget smartphone 2012

Figure: Instore vs online in electricals 2012

Figure: Price inflation/deflation in total retail and electricals 2002–12e

Figure: Electricals market composition 2012e

Figure: Electricals sub sector shares 2007 and 2012e

Figure: Audio-visual goods share of electricals market 2010–12e

Figure: Games consoles & software share of electricals market 2010–12e

Figure: Photographic & optical equipment share of electricals market 2010–12e

Figure: Information processing equipment share of electricals market 2010–12e

Figure: Fixed and mobile phones share of electricals market 2010–12e

Figure: Major household appliances share of electricals market 2010–12e

Figure: Minor household appliances share of electricals market 2010–12e

Figure: Electricals specialists sales, space and stores 2010–12e

Figure: Electricals forecast y-o-y sales growth 2012 – 16

Figure: Grey goods forecast y-o-y sales growth 2012 – 16

Figure: Brown goods forecast y-o-y sales growth 2012 – 16

Figure: White goods forecast y-o-y sales growth 2012 – 16

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Hardware, Home Improvement & Furnishing Stores Industry: Electricals Retailing in the UK | Verdict Market Report

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