Appliances and electronics specialists saw retail value sales stagnate in current terms in South Africa in 2024. Demand in this channel was subject to challenging market conditions towards the end of the review period, including a rising cost of living, delays in supplies due to port congestion and persistent currency depreciation. In addition, increased price sensitivity led to a rising demand for second-hand products, a trend providing room for the expansion of operators such as cash converter

In 2024, value sales of appliances and electronics specialists in Germany continued to decline as consumers persisted with their tendency to limit their purchases to essentials because of ongoing unstable economic circumstances, especially regarding consumer appliances and electronics. Sales tend to be driven by replacement purchases but when consumers do buy a product, they want to invest in high quality and durability to save money in the long term. This motivates them to thoroughly investigat

Appliances and electronics specialist retailers in Morocco experienced steady growth in 2024, supported by continued economic stability, rising urbanisation and expanding retail footprints. Demand was bolstered by increasing access to affordable imported goods from countries such as China and Turkey, as well as strong interest in connected devices among middle- and high-income households. As internet penetration improves, digitally connected lifestyles are becoming more widespread, particularly

Appliances and electronics specialists in Mexico continued to see current value growth in 2024, thanks mainly to a large part of the workforce still working from home and still spending to renovate their at-home workspaces. Although inflationary pressures may prevent Mexican buyers from spend most of their disposable income on non-grocery shopping, appliances and electronics are among the most-bought products during promotional seasons such as Buen Fin and Hot Sale, aided by direct discounts and

When it comes to appliances and electronics consumers in Switzerland tend to favour quality products with a long lifespan. However, many people chose to investment in new and replacement appliances and electronics in 2023 following the end of the pandemic and as a result there was less call for replacement purchases in 2024. Due to global insecurity and the uncertain economic situation, some Swiss people chose to prioritise their mental health, pursuing trends like going on a digital detox and s

Despite Nigeria’s economic difficulties, appliances and electronics specialists remained the preferred purchasing channel for tech products. Inflation and a sharp depreciation of the Naira significantly raised import costs, making appliances and electronics increasingly expensive. In addition, the sharp increase in electricity tariffs – up to 200% – has dampened demand for energy-intensive products. To boost sales despite these pressures, specialist retailers are expanding Buy Now Pay Later (BNP

Appliances and electronics specialists maintained slow and stable growth in outlet numbers in India in 2024, mostly because store-based retailers have been expanding into underserved areas, such as Croma into East India, as well as tier-2 cities, such as Reliance Digital expanding its network of Jio stores. This also contributed to the dynamic current value increase in 2024, despite the competition from online retailers of such products. Reliance Digital and Croma both operate multi-brand outlet

Value sales of appliances and electronics specialists in the United Arab Emirates continued to rise in 2024, supported by favourable operating conditions, including rising urbanisation rates, increased demand for smart appliances, and the growth of digital natives. The channel also benefited from a more diversified value proposition, driven by new players entering the local market through strategic partnerships, alongside innovation by local players. For example, Jumbo Electronics has partnered

Demand for appliances and electronics continued to rise in 2024, underpinned by an expanding base of tech-savvy shoppers, increasingly diversified product assortments, and the rollout of new retail outlets. Local manufacturing initiatives and distribution agreements also contributed to growth. For instance, Hyundai for Household Appliances partnered with Eleven Trade Corp. (ETC) to strengthen its market presence. Smartphone sales were notably buoyant, driven by improved internet access and an in

In 2024, appliances and electronics specialists in the UK recorded flat growth, following several years of decline. Consumer spending remained cautious and selective during the cost-of-living crisis towards the end of the review period, and this trend was particularly evident in the reduced demand for high-value electronics items, leading to a prolonged replacement cycle. With a focus on reducing discretionary spending, consumers were more hesitant about purchasing new or upgraded electronics, p

The number of appliances and electronics specialists in Denmark continues to decline, reflecting the ongoing challenges facing the market. Economic uncertainty has made Danish consumers more cautious with their spending, with people increasingly focusing on essential purchases. Increase energy prices, high interest rates, and inflation have left people with less disposable income to spend on appliances and electronics, with sales increasingly limited to necessities such as replacing broken appli

Appliances and electronics specialists saw slight current value growth in Ukraine in 2024. The channel demonstrated active development during the year despite macroeconomic challenges. Key players, such as Comfy, expanded their presence by opening new stores in different regions, including frontline areas, and renovating existing outlets to adapt to changes in consumer demand. Significant attention was paid to the integration of online and offline channels, reflecting the growing popularity of o

Appliances and electronics specialists in the Czech Republic witnessed a marginal drop in retail current value sales in 2024. However, this followed strong rebounds from the COVID-19 slump, and retail current value sales, supported by inflationary pressure, remained higher than at the beginning of the review period. Meanwhile, the number outlets continued to rebound from the COVID-19 slump in 2024, albeit remaining below the 2019 pre-pandemic level. The improvement in the economic situation of C

Appliances and electronics specialists in Japan maintained current value growth in 2024, despite seeing a slight decline in outlet numbers. In Japan, appliances and electronics specialists is a significant channel, with over 60% of overall sales of consumer appliances and consumer electronics remaining via this channel in 2024, according to Euromonitor International. This strong position can be traced back to Japan’s rapid economic growth from the 1950s to the 1970s, a period during which househ

In 2024, appliances and electronics specialists in Slovakia recorded a double-digit retail value uplift. However, in 2024, Slovak consumers reduced spending on non-essential items, which negatively impacted specialists in appliances and electronics, and dampened overall sales. Consequently, the growth in unit prices heavily contributed to the overall increase in retail value sales. This trend of frugal shopping habits, combined with negative consumer sentiment stemming from concerns about the fu

Appliances and electronics specialists in South Korea continued to decline in terms of both outlet numbers and current value sales in 2024, maintaining a long-standing trend. The decline in sales during 2024 was influenced by external factors such as prolonged domestic economic sluggishness, growth in sales of premium appliances in department stores, and the expansion of subscription services by appliances manufacturers. A movement towards e-commerce was also apparent, with appliances and electr

Despite an overall positive performance in 2024, value sales growth of appliances and electronics specialists in Australia continued to slow during the year as many local consumers delayed big-ticket purchases as a result of the ongoing cost-of-living crisis. Declining residential construction in Australia due to rising building costs and downturns in the economy also restricted spending in this channel, as there were fewer tenants of new properties to furnish their living spaces with appliances

Appliances and electronics specialists in Saudi Arabia experienced steady growth in current value terms in 2024, buoyed by rising purchasing power, population growth and urbanisation. The channel is also benefiting from the growing number of tech-savvy consumers and the trend towards smart appliances as households seek to modernise. Indeed, with inflation stabilising there was an increase in the number of replacement sales with most of the population willing to replace existing appliances with s

Appliances and electronics specialists in Singapore saw slowed value sales fall in 2024. During the pandemic, consumers in Singapore spent considerable amounts on various appliances and electronics as they adapted to stay-at-home lifestyles. With remote working arrangements and an emphasis on home-based entertainment, many households acquired items such as computer monitors, televisions, gaming accessories, ovens and other electronics to facilitate their daily routines. These purchases helped im

Appliances and electronics specialists registered current value growth in Indonesia in 2024, albeit at a slightly slower rate than in the previous year. Sales of electronic products, especially smartphone products, are still amongst the biggest contributors to value sales in this category. Players in smartphones continue to offer various innovative features and models, which have succeeded in driving demand for these products in appliances and electronics specialists. Upper-income consumers cont

Value sales of appliances and electronics specialists in Hong Kong recorded a second consecutive year of decline in 2024, as consumers, having already made significant investments in these items during the pandemic and home seclusion, continued to prioritise their budgets in an unstable economy rather than invest in non-essential purchases. The replacement cycle of various appliances and electronics had also not been reached from investments made earlier in the review period, further reducing th

Appliances and electronics specialists saw falling value sales in Taiwan in 2024. Traditional retailers like Tsann Kuen and E-Life Mall are facing increasing competition, as consumers become more accustomed to online shopping. Platforms such as PChome and Momo are gaining popularity, enabling shoppers to easily purchase electronic products from the comfort of their homes, which reflects a significant shift in consumer behaviour towards digital retail channels.

In 2024, appliances and electronics specialists in Vietnam began to experience a modest recovery, following a challenging period marked by shifting economic conditions. The economy’s gradual upturn provided a platform for slight growth in both retail value sales and number of outlets. Although this recovery does not match the highs of previous years, it indicates that consumers are tentatively starting to spend again on products deemed essential or helpful in improving daily life. Even so, the g

Appliances and electronics specialists managed to achieve only marginal value growth in Portugal in 2024, which is attributed to several reasons. The rising popularity of retail e-commerce is one factor affecting in-store sales, as consumers are able to access a wide range of products and brands and numerous special offers and discounts online. Added to which, online sale events often specialise in electronics. Also, many consumers purchased new appliances and electronics during the era of the p