Electrical Wholesale Market Report - UK 2021-2025 - AMA Research

Electrical Wholesale Market Report - UK 2021-2025

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The 17th edition of the ‘Electrical Wholesalers Market Report UK 2021-2025’ has been published by AMA Research. The report represents an informed and up to date review of the overall electrical wholesalers market, major product sectors, market trends, strengths and weaknesses and major wholesalers. The report analyses the current state of the electrical wholesalers’ market and provides an assessment of market prospects.

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The 17th edition of the ‘Electrical Wholesalers Market Report UK 2021-2025’ has been published by AMA Research. The report represents an informed and up to date review of the overall electrical wholesalers market, major product sectors, market trends, strengths and weaknesses and major wholesalers. The report analyses the current state of the electrical wholesalers’ market and provides an assessment of market prospects.

Key Issues Covered

  • The effects of Covid-19 pandemic and the UK exit from the EU on the electrical wholesalers market. Impact on the market going forward.
  • The increase in raw material costs and its impacts on the market.
  • Market expansion in new and emerging product areas, particularly in the development of integration and greater connectivity between devices through the Internet of Things and Industrial Internet of Things.
  • Changing legislation regarding energy efficiency is driving moves towards higher specification products, particularly in heating, ventilation, and lighting control
  • Key market influences and analysis of the construction industry and its impacts on the electrical wholesalers market.
  • Trends in online trading and its impacts on the distribution channels as well as wholesalers market shares.

Some of the companies featured:

Screwfix, YESSS, CEF, Edmundson, Rexel, KEW, Eyre & Elliston, Medlock Electrical Distributors, TLC Electrical Supplies, BEW Electrical Distributors, Stearn Electric, Routeco, McLean, R&M Electrical Group Ltd, Parmley Graham Ltd, ERF Electrical Wholesalers Ltd, Holland House Electrical Co Ltd, Moss Electrical Co Ltd, Express Electrical Distributors Ltd, Lincs Electrical Wholesalers Ltd, R&B Star Electrical Wholesalers Ltd, Wilson Electrical Distributors Limited, 3 Line Electrical Wholesale, AT&T (GB), Bonus Electrical, British Electrical and Manufacturing Company (Bemco), Cable & Accessories (NI), Century Electrical Wholesale, Countrywide Electrical Distributors, Devondale Electrical Distributors, Edwardes Bros, Hedley & Ellis, Jack Pennington, LED Electrical, LH Evans, Oldfield Electrical Supplies, Park Electrical Distributors, Phase Electrical Distributors, Rapid Electrical, Switch Electrical Wholesale, T.N. Robinson, Templegate Electrical Supplies and Worcester Electrical Distributors.

Areas of Particular Interest

  • Factors supporting growth in market value such as product development etc.
  • Direct sales and specialist distributor channels.
  • The five largest national companies account for 73% of the market, down from 75% in 2016.
  • Electrical Wholesalers are the main source of supply for electrical contractors and installers, especially smaller ones, and distributes to panel builders and OEMs.

KEY AREAS COVERED IN THE REPORT

Market Overview

  • Overall market size by value 2016 to 2020, rates of change, key trends and factors of influence, forecasts through to 2025.
  • Distribution structure for electrical products.
  • Advantages and limitation of online trading growth.
  • Covid-19 impacts and key market influences.
  • Profile of electrical wholesalers and a breakdown of the product mix.
  • Overview of the electrical wholesalers’ customers and end-use sectors.
  • Overall product mix by value.
  • Factors influencing the market such as – product development, price competition, imports and changing legislation.

Product Sectors

  • Electrical Accessories – Covers wiring accessories, Cable Systems and Circuit Protection product mix, trends etc.
  • Lighting – Includes Lamps, Luminaires and Controls (including ballasts, control gear and lighting control management systems) product mix, trends etc.
  • Security and Fire Protection Systems – covers Intruder Alarm Systems, CCTV Equipment, Access Control Systems and Fire Alarm Systems & Detectors products and trends in the market.
  • Built-in-Appliances – market breakdown and trends in sectors including Cooking Appliances, Refrigeration Appliances, Laundry Appliances and Dishwashers.
  • Electric Heating Products – market breakdown and trends in the electric heating products including Central Heating, Space Heating Equipment, Heating Control Products, Underfloor Heating and Water Heating products.
  • Other Products – Include, Data Networking, Ventilation, Automation & Control, Tools & Test Equipment as well as other products such as renewable energy products, electric vehicle charging smart meters etc.

Market Prospects

  • Electrical wholesalers market review from 2016 with forecasts up to 2025.
  • Drivers of growth including digitization of business processes, specialised products etc.
  • Overview of the construction market and its influences on the electrical wholesalers market.

Supply and Distribution

  • Distribution structure for electrical products.
  • Review of Industrial product distributors and specialist distributors.
  • Covid-19 impact on supply and increasing raw material costs.
  • Company profile of key wholesalers and leading electrical contractors.
  • Analysis of the electrical wholesaler’s market.

The electrical wholesalers’ market contracted significantly in 2020 due to the impact of the Covid-19 pandemic on construction activity and on the economy more generally, with only modest recovery expected in 2021.  However, the market is expected to return to robust growth in 2022, as the economic situation improves and the construction sector revives, and market value will exceed pre-pandemic levels by 2025.  Market value and profitability remain constrained by intense price competition, especially from online distribution channels, but opportunities for growth remain through wider use of high value, advanced technology products and ancillary services.

Covid-19 led to a significant curtailment of construction activity and electrical wholesalers’ business operation. As trading gradually returned to more normal conditions in the latter part of 2020, supply shortages were experienced in many key product areas, leading to price rises. Lighting, and cable systems remain the largest product sectors within the electrical wholesale market, accounting for around 46% of market value, though lighting’s share of total sales has declined significantly in the last two years.

Direct sales and specialist distributor channels are the most notable competitors to the electrical wholesalers with electronic component distributors, trade catalogue operations, internet retailers and merchants also significant.

CONTENTS

RESEARCH SERVICES OFFERED BY AMA RESEARCH 3
1. INTRODUCTION 9
1.1 BACKGROUND 9
1.2 SOURCES OF INFORMATION 9
2. EXECUTIVE SUMMARY & MARKET PROSPECTS 11
2.1 SUMMARY 11
2.2 MARKET PROSPECTS 12
3. THE MARKET 14
3.1 MARKET DEFINITION & STRUCTURE 14
3.1.1 Growth in Online Trading 17
3.1.2 Impact of Covid-19 19
3.2 MARKET SIZE & TRENDS 20
3.2.1 Current Market 20
3.2.2 Market Prospects 21
3.3 KEY MARKET INFLUENCES 23
3.3.1 Construction Output 23
3.3.2 Product Development 26
3.3.3 Demand for Electricity 28
3.3.4 Imports and Pricing 29
3.3.5 Legislation and Standards 30
4. ELECTRICAL WHOLESALERS 33
4.1 CHARACTERISTICS & TRENDS 33
4.2 MARKET SHARES 36
4.3 ELECTRICAL WHOLESALE COMPANIES 37
4.4 STRENGTHS, WEAKNESSES, OPPORTUNITIES & THREATS 50
5. PRODUCTS 52
5.1 PRODUCT MIX 52
5.2 PRODUCT SECTORS 53
5.2.1 Electrical Accessories 53
5.2.2 Lighting 56
5.2.3 Security and Fire Protection Systems 59
5.2.4 Built-In-Appliances 61
5.2.5 Electric Heating Products 62
5.2.6 Other Products 64
6. CUSTOMERS & END USE SECTORS 69
6.1 OVERVIEW OF ELECTRICAL WHOLESALERS’ CUSTOMERS 69
6.2 ELECTRICAL CONTRACTORS 69
6.3 FACILITIES MANAGEMENT COMPANIES 73
6.4 PANEL BUILDERS/OEMS 75
6.5 IN-HOUSE ELECTRICAL ENGINEERS 76
6.6 OTHER SECTORS 76
APPENDICES 78
APPENDIX A: ECONOMIC ENVIRONMENT 78
A.1 OVERVIEW AND OUTLOOK 78
A.2 GDP 78
A.3 INFLATION & INTEREST RATES 80
A.4 EMPLOYMENT & WAGES 81
A.5 HOUSEHOLD CONSUMPTION 81
A.6 STERLING 82

 

TABLES & CHARTS

CHART 1: UK ELECTRICAL WHOLESALERS MARKET BY VALUE 2016-2025 (£M WSP) 11
CHART 2: DISTRIBUTION STRUCTURE FOR ELECTRICAL PRODUCTS 14
CHART 3: THE ELECTRICAL WHOLESALERS MARKET BY VALUE 2016-2025 (£M WSP) 20
CHART 4: CONSTRUCTION OUTPUT (GREAT BRITAIN) NEW WORK & RMI –CURRENT PRICES (£BN) 2015-2024 23
TABLE 5: HOUSE BUILDING STARTS AND COMPLETIONS (GREAT BRITAIN) 2015 TO 2024 – BY VOLUME (‘000 DWELLINGS) 24
CHART 6: NON-RESIDENTIAL CONSTRUCTION OUTPUT NEW WORK ANALYSIS BY SECTOR 2020 AND 2024 – % BY VALUE GB 25
TABLE 7: CONSUMPTION OF ELECTRICITY IN THE UK 2014-2019 (TWH) 28
CHART 8: DEMAND FOR ELECTRICITY BY END USER 2019 28
TABLE 9: IMPORTS OF SELECTED ELECTRICAL PRODUCTS FOR CONSTRUCTION USE 2017-2020 BY VALUE (£M) 30
CHART 10: ELECTRICAL WHOLESALE % MIX: NATIONALS VERSUS LOCALS & REGIONALS – BY VALUE 2016-2020 33
TABLE 11: OVERVIEW LEADING COMPANIES BRANCHES 2019 AND 2021 34
CHART 12: ELECTRICAL WHOLESALERS’ % PBT ON TURNOVER 2014-2020 35
CHART 13: ELECTRICAL WHOLESALE MARKET SHARES 2020 BY VALUE % 36
TABLE 14: EDMUNDSON ELECTRICAL LTD 37
TABLE 15: REXEL UK LTD 38
TABLE 16: CITY ELECTRICAL FACTORS LTD (CEF) 39
TABLE 17: SCREWFIX DIRECT LIMITED 39
TABLE 18: YESSS ELECTRICAL LTD (YOUR ELECTRICAL SUPPLIES, SERVICE AND SOLUTIONS) 40
TABLE 19: MACLEAN ELECTRICAL GROUP 40
TABLE 20: STEARN ELECTRIC CO LTD 41
TABLE 21: ROUTECO LTD 41
TABLE 22: MEDLOCK ELECTRICAL DISTRIBUTORS LTD 42
TABLE 23: EYRE & ELLISTON LTD 42
TABLE 24: R&M ELECTRICAL GROUP LTD 43
TABLE 25: TLC ELECTRICAL SUPPLIES 43
TABLE 26: PARMLEY GRAHAM LTD 44
TABLE 27: BEW ELECTRICAL DISTRIBUTORS LTD 44
TABLE 28: KEW (ELECTRICAL DISTRIBUTORS) LTD 45
TABLE 29: ERF ELECTRICAL WHOLESALERS LTD 45
TABLE 30: HOLLAND HOUSE ELECTRICAL CO LTD 46
TABLE 31: MOSS ELECTRICAL CO LTD 46
TABLE 32: EXPRESS ELECTRICAL DISTRIBUTORS LTD 47
TABLE 33: LINCS ELECTRICAL WHOLESALERS LTD 47
TABLE 34: R&B STAR ELECTRICAL WHOLESALERS LTD 48
TABLE 35: WILSON ELECTRICAL DISTRIBUTORS LIMITED 48
TABLE 36: SWOT ANALYSIS OF THE ELECTRICAL WHOLESALERS’ MARKET 50
TABLE 37: MIX OF CORE PRODUCT SALES THROUGH ELECTRICAL WHOLESALERS 2020 (£M WSP) 52
TABLE 38: ELECTRICAL WHOLESALERS’ SHARE BY CORE PRODUCT MARKETS 2020 (£M WSP) 53
CHART 39: ELECTRICAL ACCESSORIES PRODUCT MIX 2020 –% BY VALUE 54
CHART 40: UK LIGHTING MARKET PRODUCT MIX 2020 – % BY VALUE 58
CHART 41: PRODUCT MIX OF SECURITY & FIRE ALARM SYSTEMS (%) BY VALUE 2020 59
CHART 42: PRODUCT MIX OF BUILT-IN APPLIANCES (%) BY VALUE 2020 62
CHART 43: ELECTRIC HEATING PRODUCT MIX 2020 – % BY VALUE (SPACE HEATING, CONTROLS, CENTRAL, WATER) 63
CHART 44: SALES BY CUSTOMER TYPE BY VALUE 2020 (%) 69
TABLE 45: ELECTRICAL CONTRACTORS REGISTERED FOR VAT BY TURNOVER BAND 2018 & 2020 70
TABLE 46: LEADING ELECTRICAL CONTRACTORS IN THE UK – BY ESTIMATED TURNOVER FROM ELECTRICAL WORK 2019 72
TABLE 47: TOP 10 FM SUPPORT SERVICES COMPANIES IN THE UK 74
CHART 48: NUMBER OF UK MANUFACTURERS OF ELECTRICITY DISTRIBUTION & CONTROL APPARATUS BY TURNOVER (£’000) 2020 75
CHART A1: GVA CHAINED VOLUME MEASURES KEY CONSTITUENT ELEMENTS – 2015-2020 79
CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE – 2008 TO 2023 80
CHART A3: AVERAGE WEEKLY EARNINGS DATA (GB) TOTAL PAY – 2014-2019 (SEASONALLY ADJUSTED) 81
CHART A4: DISPOSABLE INCOME PER CAPITA AND THE SAVINGS RATIO AT CURRENT PRICES – 2008-2023 82
CHART A5: EXCHANGE RATE FLUCTUATIONS – STERLING TO DOLLAR AND THE EURO SPOT RATES – 2015-2019 83

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