Appliances and electronics specialists will likely see accelerated growth in current value terms over the forecast period. Alongside the country’s anticipated economic recovery, this will be driven by a rise in financial inclusion in the Philippines, with consumers without access to credit cards being able to explore avenues such as buy now, pay later options, which will help them purchase items in instalments and avoid large initial cash outlays.
Sustainability will be an emerging trend over the forecast period, as appliances and electronics retailers increase the availability of big-ticket environmentally-friendly items, such as inverter air conditioning units and washing machines. These appliances are more energy efficient than their standard counterparts, as well as being cheaper to run.
Despite the dominance of larger players such as Abenson and SM Appliance, among others, the forecast period will see the arrival of more independent retailers offering appliances and electronics. This will be driven by the widening operations of financial services providers, such as AEON and Home Credit, which will tie in with partner stores to offer customers instalment deals on a wide range of products.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Philippines 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 Philippines, 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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