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USA Retailing Report

The electricals market will see slower growth in the forecast period of 2018 -2023

As technology continues to be at the forefront of our world, the electricals sector continues to grow steadily. In the forecast period of 2018-2023, this sector of retail looks to grow at a CAGR of 2.9%, reaching a value of $373bn

As our world digitalizes and we rely more and more on technology, new electrical gadgets and home appliances will be introduced to our shelves and purchased by consumers. GlobalData looks to provide an outlook of this sector to help direct your sales and marketing efforts over the next 5 years.

  • What you will discover...
  • Explore an in-depth analysis of the electricals sector and understand trends in consumer shopping. This will cover factors that drive shopping, consumer insights, and market dynamics
  • View retail sales and the fastest-growing product categories in the electrical sector- allowing you to align your products for success
  • Identify the major retailers in this sector such as Amazon and Walmart and gain a competitive insight to allow your company to dominate the industry

Follow the latest electricals trends...

The electricals market in the USA will grow at a slower rate between 2018 and 2023, compared to 2013 and 2018; however, there will still be a steady growth to be seen. Online retail is the preferred channel for consumers in the electricals sector and therefore companies must adapt and digitalize their efforts to keep customers.

Among the top 10 retailers of electrical products, Amazon registered the highest growth, with online sales accounting for 50% of the market by 2023.

Explore novel opportunities in this sector, identifying investment opportunities for maximum success. Use this report to investigate the latest trends in electrical goods and align your products to exploit this.

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