Sales for appliances and electronics specialist retailers are expected to record a current value CAGR of 0% (2024 constant value CAGR of -2%) over the forecast period. Consumers are increasingly shifting to retail e-commerce to compare prices and seek out better deals and promotions, contributing to the downturn in traditional retail for appliances and electronics.
In January 2024, Australian retail giant Harvey Norman (Harvey Norman Trading (Ireland) Ltd), which is the leading brand in appliances and electronics specialists in Ireland, announced plans to open a store in England as part of its UK expansion strategy. The opening of the Merry Hill store, in the West Midlands in the UK, is set to mark the beginning of expected further investments in the region, with plans for additional expansions in the coming months.
Electronic devices and appliances are heavily reliant on imports, most of which are manufactured in Asian countries. Growing concerns have emerged about the possibility of a trade conflict between the European Union and China, which could have significant ramifications for the sector.
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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 definitionsThis report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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