Table of Contents
Overview
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- What you need to know
- Covered in this Report
Executive Summary
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- The market
- Slow economic growth and intense price pressure restrict market growth
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- Figure 1: The UK electrical wholesalers market, 2015-19
- Demand in construction market becomes more sector specific
- Green energy and low carbon technologies represent key areas for product diversification
- Market set for modest annual growth to 2024 as trading conditions are expected to remain challenging
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- Figure 2: Forecast UK electrical wholesalers market, 2020-24
- Companies and brands
- UK electrical wholesalers industry dominated by three groups
- Digitalisation and online competition intensifies competition but also offers opportunities
- Product portfolio and innovation challenges
- What we think
Issues and Insights
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- Digitalisation presents challenges and opportunities
- The facts
- The implications
- Wholesalers are looking at opportunities to diversify their product portfolio and introduce new and innovative products
- The facts
- The implications
The Market – What You Need to Know
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- Slow economic growth and intense price pressure restrict market growth
- Demand in construction market becomes more sector specific
- Digitalisation and online competitors intensify competition but also offer opportunities
- Green energy and low carbon technologies represent key areas for product diversification
- Market set for modest annual growth to 2024 as trading conditions are expected to remain challenging
Market Size
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- Market overview
- Brexit uncertainty and stalling UK economy impact market growth
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- Figure 3: The UK electrical wholesalers market, 2015-19
- Continued price competition
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- Figure 4: The UK electrical wholesalers market, 2015-19
- Market segmentation
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- Figure 5: The UK electrical wholesalers market, by sector, 2019
- Figure 6: Product segmentation for UK electrical wholesalers market, 2019 (% of total market value)
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- Figure 7: The UK electrical wholesalers’ sales of wiring accessories, by product type, 2019
Market Forecast
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- Electrical contracting
- Housing construction, infrastructure projects and data centres represent key drivers for electrical contracting demand
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- Figure 8: Forecast electrical contracting output in Great Britain, 2020-24
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- Figure 9: Forecast analysis of electrical contracting output in Great Britain, by type of work, 2020-24
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- Figure 10: Forecast segmentation of electrical contracting output for new construction projects (excl. infrastructure) in Great Britain, by type, 2020-24
- Profit margins to remain squeezed
- The wholesale market
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- Figure 11: Forecast UK electrical wholesalers market, 2020-24
- Figure 12: Forecast UK electrical wholesalers market, 2020-24
The Impact of the Economy
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- Annual GDP growth remains sluggish in 2019
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- Figure 13: Annual GDP growth rate, 2015-2019, (% change)
Market Trends
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- Market remains highly price competitive
- Digitalisation and online competitors intensify competition but also offer opportunities
- Wholesalers can offer value-added services to distinguish themselves from online competitors
- New areas/diversification
- Product portfolio and innovation challenges
- Rise in unfamiliar brands causes concerns among customers regarding product quality and reliability
Regional Demand
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- Figure 14: Regional private housing construction output, 2015-19
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- Figure 15: Regional public housing construction output, 2015-19
- Figure 16: Regional public non-residential construction output, 2015-19
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- Figure 17: Regional private commercial construction output, 2015-19
- Figure 18: Regional private industrial construction output, 2015-19
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- Figure 19: Regional housing repair & maintenance output, 2015-19
- Figure 20: Regional private non-residential repair & maintenance output, 2015-19
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- Figure 21: Regional public non-residential repair & maintenance output, 2015-19
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Market Drivers
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- Electrical contracting
- New construction remains most important sector for electrical contracting
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- Figure 22: Segmentation of the electrical contracting market, 2015-19
- New construction demand
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- Figure 23: Segmentation of the electrical contracting market for new construction, 2019
- R&M demand
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- Figure 24: Segmentation of electrical contracting from R&M activity, 2019 (£ million)
- Housebuilding
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- Figure 25: UK private sector housing completions, 1980-18
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- Figure 26: Analysis of private housing construction output in Great Britain, 2015-19
- Figure 27: UK public sector housing completions, by sector, 1980-18
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- Figure 28: Analysis of new public housing construction output in Great Britain, 2015-19
- Public non-residential construction
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- Figure 29: Long-term trend in public non-residential construction activity in Great Britain, 1970-19
- Figure 30: Analysis of public sector non-residential construction output in Great Britain, 2015-19
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- Figure 31: Analysis of public sector non-residential construction in Great Britain, by type, 2015-19
- Private industrial construction
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- Figure 32: Long-term trend in private industrial construction output in Great Britain, 1970-19
- Figure 33: Analysis of private industrial new construction work in Great Britain, by sector 2015-19
- Private commercial construction
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- Figure 34: Long-term trend in private commercial construction output in Great Britain, 1970-19
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- Figure 35: Analysis of private commercial construction in Great Britain, by type, 2015-19
- Repair and maintenance
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- Figure 36: Segmentation of the R&M activity in Great Britain, 2019 (% by value)
- Private housing
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- Figure 37: Analysis of repair and maintenance output in the private housing sector in Great Britain, 2015-19
- Public housing
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- Figure 38: Analysis of repair & maintenance output in the public housing sector in Great Britain, 2015-19
- Public non-residential
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- Figure 39: Analysis of repair and maintenance output in the public non-residential sector in Great Britain, 2015-19
- Private non-residential
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- Figure 40: Analysis of repair and maintenance output in the private non-residential sector in Great Britain, 2015-19
Companies and Brands – What You Need to Know
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- UK electrical wholesalers industry dominated by three groups
- Threat from online competition
- Rexel UK restructures to bring its portfolio of brands together under the Rexel name
Industry Structure
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- Industry overview
- Industry development
Company Profiles
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- CEF Holdings
- Financial performance
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- Figure 41: Financial analysis of CEF Holdings, 2015-19
- Company strategy
- Cleveland Cable Co.
- Financial performance
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- Figure 42: Financial analysis of Cleveland Cable Company, 2015-19
- Company strategy
- Edmundson Electrical
- Financial performance
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- Figure 43: Financial analysis of Edmundson electrical, 2014-18
- Company strategy
- Eyre & Elliston Holdings
- Financial performance
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- Figure 44: Financial analysis of Eyre & Elliston Holdings, 2014-18
- Company strategy
- Rexel UK
- Rexel UK restructures to bring the company’s portfolio of brands together under a single brand
- Rexel launches new smart home offer to support the growing demand for smart technology
- Financial performance
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- Figure 45: Financial analysis of Rexel UK, 2014-18
- Company strategy
- Stearn Electric Co.
- Financial performance
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- Figure 46: Financial analysis of Stearn Electric Company, 2014-18
- Company strategy
Appendix – Data Sources, Abbreviations and Supporting Information
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- Abbreviations
- Methodology
Further Sources and Contacts
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- Trade associations
- British Cables Association (BCA)
- BEAMA
- Building Engineering Services Association
- Electrical Contractors’ Association
- Electrical Distributors’ Association
- The Institution of Engineering and Technology
- The Lighting Association
- SELECT (formerly Electrical Contractors Association of Scotland)
- Trade magazines
- CABLEtalk magazine
- ECN Electrical Contracting News
- Electrical Products
- Electrical Review
- Electrical Times
- Trade events
- MACH
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