Appliances and electronics specialists will likely face severe competition from e-commerce pure players like Amazon and hypermarkets like Walmart over the forecast period, which are expected to invest heavily to gain a larger share of sales. These retail giants are able to compete fiercely on price and often run attractive sales and discounts to win over shoppers.
There could be further disruptions in the supply chain for some electronics products with this being linked to factors such as Russia’s ongoing war in Ukraine and the China-US trade war. Moreover, some industry experts expect the semiconductor chip shortage that has affected the manufacture of a whole range of product types, from cars and computers to appliances and toothbrushes, to be extended into 2023, and possibly longer.
Small independent appliances and electronics specialists are expected to come under greater pressure in the short to medium term. Large retailers, such as Best Buy, are expected to leverage their strong competitive positions, strengthened by greater financial health during and after the pandemic.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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