Electronics and appliance specialists will see slow, yet steady growth in current value sales terms (constant 2022 prices) during the forecast period. Inflationary pressures, coupled with sky-high energy costs, at least in the short term, are likely to put a strain on disposable incomes.
Sales of electronics and appliances are expected to increasingly shift online channel over the forecast period, with the majority of players expected to see higher online than offline, sales. Consumers are becoming increasingly confident about shopping via e-commerce, even for larger, more expensive items.
The number of electronics and appliance specialist retail outlets in the Czech Republic is expected to continue declining over the forecast period and will unlikely return to the 2019 levels. Chained retailers such as Datart, Euronics, Okay, and Planeo Elektro are expected to focus on the optimisation of their existing stores, while independent outlets will find it increasingly challenging to stay profitable in face of the growing competition from e-commerce.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Czech Republic 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 Czech Republic, 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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