Appliances and electronics specialists is predicted to see current value sales increase steadily throughout the forecast period. Together with a more stable inflationary environment and the further recovery of purchasing power among consumers, frequent new launches and the fast pace of technological innovation in appliances and electronics categories should help to boost overall demand in the channel.
Store-based appliances and electronics specialists will continue to update their financing options over the forecast period in an effort to bolster trade and mitigate the threat from e-commerce platforms. With the recent spike in inflation having now largely receded, the development of more competitive offers should be aided by further reductions in interest rates.
Strong demand for second-hand and refurbished items is likely to constrain current value growth potential for appliances and electronics specialists over the forecast period. This trend has gained momentum in recent years due to the steep rise in the cost of living, and it will continue to be reinforced by increasing concerns about environmental issues among Hungarians, particularly younger demographics.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Hungary 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 Hungary, 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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