Demand for electronics and appliances will likely benefit from reduced inflationary pressure during the forecast period. However, as shoppers readjust their spending habits, the competitive landscape might continue to be led by companies providing diversified offerings like affordable second-hand goods or added-value services like rentals and repairs.
Having a solid omnichannel presence is expected to determine the success of appliances and electronics specialists over the forecast period. Although all of the major retailers already have e-commerce channels, further investments will need to be made in order to integrate different channels into the digital environment, such as their own e-commerce site, social networks, and marketplaces to deliver a smooth experience for the customer.
Younger consumers are showing a growing preference convenience when shopping and they do not like spending long hours travelling to get to a store, such as those located in suburban and out-of-town areas. This could encourage more appliances and electronics specialists to open smaller neighbourhood stores from which consumers can buy products and which could also act as collection points for online orders.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Spain 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 Spain, 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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