- Language: English
- 448 Pages
- Published: March 2012
- Region: Global
Electrical Wholesale Market Report - UK 2013-2017 Analysis
- Published: February 2013
- Region: United Kingdom
- 86 Pages
- AMA Research
AMA Research are pleased to announce the publication of the thirteenth edition of AMA Research's report ‘Electrical Wholesale Market Report – UK 2013 – 2017 Analysis'. The report incorporates original input and primary research, and represents an up-to-date and perceptive review of the market and its development.
This unique report answers the need for both a quantitative and qualitative analysis of the electrical wholesalers' market focusing on market size and trends, product mix, supply, distribution and future prospects. It is comprehensive, informative and will facilitate operational and strategic decision-making processes.
Product sectors reviewed include:
- Cable Systems
- Test Equipment
- Circuit Protection Equipment
- Security & Fire Systems
- Wiring Accessories
- Electric Space Heating
Key issues analysed include:
- Market activity levels with forecasts to 2017.
- Key influences including analysis of construction and housing trends.
- Market structure and the leading electrical wholesaler groups.
- Competitive channels.
- Customers and key end-use sectors for electrical wholesalers.
- Markets for products sold by electrical wholesalers.
The electrical wholesale market is estimated to be worth around £3bn in 2012. This market has seen its market value grow during 2011-2012 following a period of poor performance in the domestic and commercial construction sectors, with conditions expected to remain stable throughout 2013. However, the market is expected to return to growth from 2015, driven by improved construction, wider use of electrical and electronic products, a growing requirement for more sophisticated technology and trends towards the use of energy efficient products and renewables.
Areas of particular interest include:
- Review of product opportunities and growth sectors.
- Strengths and weaknesses of electrical wholesalers and competing channels.
- Key trends in the sector, with a focus on energy efficiency.
- The impact of legislation and standards on the market.
- Recent acquisition activity and impact of raw material prices on the market.
Key areas covered in the report include:
THE ELECTRICAL WHOLESALERS' MARKET
- Review of electrical products distribution structure.
- Market size in value terms from 2007 with forecasts through to 2017.
- Market trends, opportunities and threats.
- Review of key market influences – economic factors, construction and housebuilding, renewable energy products, trends in the use of electrical appliances, raw material prices and international trade etc.
- Review of the impact of legislation and standards, with a focus on energy efficiency.
- Future prospects for the market with implications for suppliers and distributors.
- Review of characteristics and trends among electrical wholesale companies.
- Review of major electrical wholesaler groups – number of outlets, key characteristics, regional strengths, market positioning etc.
- Analysis of profitability for electrical wholesalers over time.
- Wholesalers' strengths, weaknesses, opportunities and threats, compared with other channels of distribution.
- Analysis of wholesalers' environment – key competitive channels, buying groups, super distributors and other influencing sectors.
- Review of issues such as own label products, e-commerce, sustainability etc.
- Market size, growth and trends for each major product area – cables, lighting, wiring accessories, circuit protection and switchgear, heating and ventilation, fire and security systems etc.
- Product mix for electrical wholesalers.
- Electrical wholesalers' share of each major product area.
- Key competitive channels and major suppliers for each product area.
- Review of growth sectors, product development and new opportunities for wholesalers.
CUSTOMERS AND END USE SEGMENTS
- Customer mix of electrical wholesalers.
- Review of the electrical contracting market – market size, leading M&E contractors.
- Review of other key customer segments such as panel builders, OEMs etc.
- Review of key end-use sectors – including oil & gas, marine, power, water & sewerage, transport etc. SHOW LESS READ MORE >
1.2 SOURCES OF INFORMATION
2. EXECUTIVE SUMMARY & FUTURE PROSPECTS
2.2 FUTURE PROSPECTS
3. ECONOMIC ENVIRONMENT
3.2 INFLATION & INTEREST RATES
3.4 HOUSEHOLD CONSUMPTION
3.5 HOUSING & CONSTRUCTION
3.7 POPULATION PROFILE
4. THE MARKET
4.1 MARKET DEFINITION & STRUCTURE
4.2 MARKET SIZE AND TRENDS
4.3 KEY MARKET INFLUENCES
4.3.1 Construction Output
4.3.2 Demand for Electricity
4.3.3 Imports and Pricing
4.3.4 Legislation and Standards
5. ELECTRICAL WHOLESALERS
5.1 CHARACTERISTICS & TRENDS
5.2 MARKET SHARES
5.3 ELECTRICAL WHOLESALE COMPANIES
5.4 STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS
6.1 PRODUCTS MIX
6.2 PRODUCT SECTORS
6.2.1 Low Voltage Cable Systems
6.2.2 Wiring Accessories
6.2.3 LV Circuit Protection and Switchgear
6.2.5 Security Systems and Fire Protection Systems
6.2.6 Electric Heating Products
6.2.8 Test Equipment
6.2.9 Other Products
7. CUSTOMERS & END USE SECTORS
7.1 OVERVIEW OF ELECTRICAL WHOLESALERS' CUSTOMERS
7.2 ELECTRICAL CONTRACTORS
7.3 FACILITIES MANAGEMENT COMPANIES
7.4 LARGE END-USER SECTORS
7.4.1 Power & Electricity Distribution
7.4.2 Water and Sewerage
7.4.3 Oil, Gas and Marine
7.5 PANEL BUILDERS/OEMS
7.6 IN-HOUSE ELECTRICAL ENGINEERS
7.7 OTHER SECTORS
List of Tables and Charts
CHART 1: UK ELECTRICAL WHOLESALE MARKET 2007-2017 BY VALUE (£M WSP)
TABLE 2: GDP DATA – 2010-2012 – KEY CONSTITUENT ELEMENTS
CHART 3: INTEREST RATES AND INFLATION (CPI) FROM 1992-2017
CHART 4: PDI & SAVINGS RATIO AT CURRENT PRICES 1995-2017
TABLE 5: EXCHANGE RATE FLUCTUATIONS 2008-2014 - STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES
CHART 6: DISTRIBUTION CHANNEL STRUCTURE FOR ELECTRICAL PRODUCTS
TABLE 7: THE ELECTRICAL WHOLESALE MARKET BY VALUE 2007-2017 (£M WSP)
CHART 8: CONSTRUCTION OUTPUT (GREAT BRITAIN) NEW WORK & RMI –CURRENT PRICES (£BN) 2008 -2015
CHART 9: CONSTRUCTION NEW WORK BY END-USE SECTOR BY VALUE 2011
CHART 10: HOUSING COMPLETIONS 2007 TO 2017 – UNITED KINGDOM (‘000)
TABLE 11: ENERGY CONSUMPTION BY USER – ELECTRICITY 2006-2010 (M TONNES OIL EQUIVALENT)
CHART 12: ELECTRICITY CONSUMPTION BY END USER – INDUSTRY, DOMESTIC ETC 2010
TABLE 13: IMPORTS OF SELECTED ELECTRICAL PRODUCTS FOR CONSTRUCTION USE 2006-2011 BY VALUE (£M)
TABLE 14: PHASE-OUT SCHEDULE FOR NON-DIRECTIONAL HOUSEHOLD LAMPS
CHART 15: ELECTRICAL WHOLESALERS' % PBT ON TURNOVER 2007-2012
CHART 16: ELECTRICAL WHOLESALE MIX: NATIONALS VERSUS LOCALS & REGIONALS - BY VALUE 2000-2012
TABLE 17: OVERVIEW LEADING COMPANIES 2012 BRANCHES & TURNOVERS
CHART 18: ELECTRICAL WHOLESALE MARKET SHARES 2012 BY VALUE % (REXEL, EDMUNDSON, CEF ETC)
TABLE 19: SWOT ANALYSIS OF THE ELECTRICAL WHOLESALERS' MARKET
TABLE 20: MIX OF CORE PRODUCT SALES THROUGH ELECTRICAL WHOLESALERS (CABLES, WIRING ACCESSORIES, CIRCUIT PROTECTION, LIGHTING, HEATING, SECURITY, VENTILATION ETC) 2012 (£M WSP)
TABLE 21: ELECTRICAL WHOLESALERS' SHARE BY CORE PRODUCT MARKETS (CABLES, WIRING ACCESSORIES, CIRCUIT PROTECTION, LIGHTING, HEATING, SECURITY, VENTILATION ETC) 2012 (£M WSP)
CHART 22: LV CABLE SYSTEMS PRODUCT MIX - % BY VALUE 2012 (BUSBARS, CABLE MANAGEMENT, ACCESSORIES, LV CABLES ETC)
CHART 23: WIRING ACCESSORIES PRODUCT MIX 2012 - % BY VALUE (SWITCHES, ACCESSORIES, INDUSTRIAL PLUGS, GRID SWITCHES ETC)
CHART 24: CIRCUIT PROTECTION & SWITCHGEAR PRODUCT MIX 2012 - % BY VALUE (CIRCUIT PROTECTION, LV DISTRIBUTION BOARDS, LV CUBICLE BOARDS ETC)
CHART 25: LIGHTING MARKET PRODUCT MIX 2011 - % BY VALUE (LUMINAIRES, LAMPS, CONTROLS)
CHART 26: SECURITY & FIRE ALARM SYSTEMS PRODUCT MIX 2012 - % BY VALUE (ACCESS CONTROL, CCTV, INTRUDER ALARMS ETC)
CHART 27: ELECTRIC HEATING PRODUCT MIX 2012 - % BY VALUE (SPACE HEATING, CONTROLS, CENTRAL, WATER)
CHART 28: VENTILATION PRODUCT MIX 2012 % BY VALUE (AXIAL, CENTRIFUGAL, NON DOMESTIC, TANGENTIAL ETC)
CHART 29: SALES BY CUSTOMER TYPE BY VALUE 2012 (%) (CONTRACTORS, FM, PANEL BUILDERS, IN HOUSE ENGINEERS ETC)
TABLE 30: ELECTRICAL CONTRACTORS REGISTERED FOR VAT BY TURNOVER BAND 2010 & 2012
CHART 31: ELECTRICAL CONTRACTORS BY TURNOVER SIZE-BAND 2010-2012
TABLE 32: LEADING M&E CONTRACTORS IN THE UK
TABLE 33: REPAIR AND MAINTENANCE SERVICE PROVISION – MIX OF IN-HOUSE AND OUTSOURCED PROVISION 2010 (GAS, VOIDS, EMERGENCY ETC)
CHART 34: ELECTRICITY SECTOR CONSTRUCTION OUTPUT (GB) 2006 TO 2016– BY VALUE (£ BILLION AT CURRENT PRICES)
CHART 35: WATER & SEWERAGE SECTOR CONSTRUCTION OUTPUT (GB) 2006 TO 2016 – BY VALUE (£M AT CURRENT PRICES)
TABLE 36: AVERAGE ANNUAL CAPITAL INVESTMENT BY WATER COMPANIES (ENGLAND & WALES) 1990-95 TO 2010-15 BY VALUE (£BN)
CHART 37: AMP 5 CAPITAL INVESTMENT PROGRAMME BY APPLICATION BY VALUE (%)
CHART 38: GAS, COMMUNICATIONS & AIR SECTOR CONSTRUCTION OUTPUT (GB) 2006 TO 2016 – BY VALUE (£BN AT CURRENT PRICES)
CHART 39: DEPARTMENT FOR TRANSPORT CAPITAL BUDGET - 2006 – 2015 (£BN)
TABLE 40: DEPARTMENT FOR TRANSPORT CAPITAL BUDGET BY MAJOR PROGRAMME AREA 2010-2015 (£BN)
CHART 41: NETWORK RAIL OPERATING, MAINTENANCE & RENEWALS AND ENHANCEMENT EXPENDITURE 2009/10 - 2013/14 (£BN)
CHART 42: UK MANUFACTURERS OF ELECTRICITY DISTRIBUTION & CONTROL APPARATUS BY TURNOVER GROUP (£'000S) 2011
CHART 43: MIX OF COMPONENTS USED BY PANEL BUILDERS BY VALUE (£M) 2011
TABLE 44: MAJOR SOURCES OF COMPONENT SUPPLY FOR PANEL BUILDERS 2011
The electrical wholesale market experienced difficult trading conditions in 2009 and 2010, reflecting the poor economy and construction environment. However, 2011 saw the market take a more positive turn supported by price rises driven by high raw material costs, development of high value technologies such as LED lighting and expansion into the renewables sector. In 2012, the market was estimated to be worth £3,048m. This represents a growth of 1% on 2011.
Factors supporting the market include growth in specialist markets, product development, demand for additional services and non-core products, and evolving legislation leading to a requirement for higher specification and new types of products.
Factors negatively affecting market growth include wide ranging government spending cuts, continued low levels of construction, poor exchange rates, increased price competition, a growing threat from competitive channels and longer product life-spans reducing the replacement market.
Electrical wholesalers remain market leaders in the distribution of electrical products and are particularly strong in core product areas such as electrical accessories and test equipment. The market is now dominated by three large companies, including Edmundson Electrical, the Rexel Group and City Electrical Factors which together account for 74% of the electrical wholesale market. Following its acquisition of Electric Center from Wolseley, Edmundson Electrical is now the largest electrical wholesaler group in the UK, closely followed by Rexel which recently acquired Wilts Wholesale.
Direct sales and specialist distributor channels are the most significant competitors to the electrical wholesalers with electronic component distributors, trade catalogues operations, internet retailers and merchants also significant.
Electrical wholesalers continue to widen product portfolios, introduce additional value-added services and embrace e-commerce to become more flexible and remain competitive in the difficult trading climate.
Cables, circuit protection & switchgear and lighting remain the largest product sectors within the electrical wholesale market, accounting for an estimated 57% of the value of products sold. Product sectors experiencing relatively good performance in the current market include electrical accessories such as cable systems, circuit protection and wiring accessories. These markets have experienced growth primarily due to higher raw material prices and a higher cost of imports as well as some improvement in construction demand.
The electrical wholesale market is expected to continue to grow in 2012 and 2013, although at a slower rate as public sector cuts begin to impact the market. Nevertheless, current forecasts for construction output and for the economy in general suggest that the private sector will see slow recovery.
From 2015 onwards, the market is expected to return to average growth levels of 4-5% resulting in a market value in 2017 forecast at £3,605m, representing an 18% increase on 2012.
- BEW Electrical Distributors
- City Electrical Factors (CEF)
- Edmundson Electrical
- ERF Electrical Wholesalers
- Express Electrical Distributors
- Eyre & Elliston
- Gibbs & Dandy
- Holland House Electrical Company
- Kew Electrical
- Lockwell Electrical Wholesalers
- MacLean Electrical Group
- Medlock Electrical Distributors
- Newey & Eyre
- Parmley Graham
- R&M Electrical Group
- Rexel Group
- Stearn Electric Company
- TLC Electrical Supplies
- Western Electrical
- WF Senate
- Wilts Wholesale.