The early part of the forecast period is set to see consumer confidence in purchasing consumer electronics and appliances hampered by inflationary pressure. Uncertainty surrounding mortgage lending prices and consumer finances is already contributing to a slowdown of house transactions, a key channel that is often accredited with stimulating new electronics and appliances purchases upon completion.
Retailers will need to establish new strategies to strengthen their e-commerce presence. Appliances and electronics specialists witnessed only a partial recovery in terms of value sales in 2022 when compared to the historical high of 2019, and there are expectations that the channel will struggle to fully recover to pre-pandemic levels by 2027.
Store closures are expected to continue over the forecast period for appliances and electronics specialists. This will be driven by the continued shift from in-store to online purchases, with players investing in developing their online capabilities, and consumers continuing to build confidence by buying products such as mobile phones, televisions and household appliances through online channels.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Ireland 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 Ireland, 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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