The early forecast period is expected to be characterised by low consumer confidence, as the recession in Finland continues and consumers limit their expenditure on non-essential goods, such as appliances and electronics. While inflation is expected to fall, purchasing power will remain under strain as households still feel the impact of higher costs of living and unemployment rises.
The higher cost of consumer appliances and electronics in Finland, combined with economic pressures and the growing focus on buying sustainable products, will drive consumers towards serviced and repaired products in this category. Moreover, the European Commission has approved the rules on a new law for repairing consumer electronics in retailers, and this should create new services that repair broken electronics and household appliances in the upcoming years.
The blurring of the boundaries between offline and online is likely to continue, and all the key players in the offline channel are expected to continue to invest in e-commerce. The long-term prospects for appliances and electronics e-commerce are good, although like offline sales, the early forecast period is likely to suffer from the economic situation.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Finland 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 Finland, 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 DefinitionsThis report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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