Consumer demand for appliances and electronics is set to remain stable over the forecast period. Innovation, convenience and social media influence will be the main driving factors behind the growth of appliances and electronics specialist retailers.
Smart electronics and appliances sales are set to see accelerated growth during the forecast period as younger consumers become even more financially powerful and capable. The smart home trend is set to have an increasingly important impact as younger consumers increasingly demand products which help to automate certain tasks and offer the potential to save on energy and other household bills.
Given the high rates of inflation and uncertainties arising from the conflict following the Russian invasion of Ukraine, current economic conditions are likely going to affect the performance of the channel over the forecast period. The challenging economic conditions will lead to slowdown as consumers become increasingly cautious about spending on less essential products and services.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Bulgaria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in Bulgaria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.See All of Our Definitions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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