The market for electrical products purchased online is estimated to have quadrupled over the past decade, achieving a compound annual growth rate of around 15%. Online sales have thereby increased their share of the total electrical products market, from 3% in 2012 to around 12% in 2020. Trade sources indicate that the majority of electrical … Read more
Forecasters have had a tough gig in recent times. The word “unprecedented” gets banded about a lot, but 16 months into a global pandemic we have, and continue to experience an economic and social environment with no comparison in living memory. Nevertheless, we all still need to make plans, which means making a stab at … Read more
Could millennials be the ones behind the growth in home automation? As it stands there are approximately 2.2 million smart homes in the UK, a number that is expected to grow as consumer interest in efficiently operated household grows. Ownership of smart home devices tends to be higher amongst those aged 35-49. This is currently … Read more
With shafts of restriction-easing light starting to spear through the gloom of the third national lockdown, the 2021 budget focused on maintaining much-needed emergency support measures to lessen the damage wrought by Covid-19. The chancellor, a fiscal conservative, again made it clear that support measures are time limited and will be withdrawn in the autumn. … Read more
Considered to be relatively resilient to economic slowdowns, the UK Pet Accessories Market is estimated to be worth around £1bn at retail selling prices in 2019 according to Barbour ABI. The market remains highly fragmented and competitive and covers a wide range of product groups including care products, toys, housing, bedding & feeding products, collars, … Read more
Tom Hall, Chief Economist at Barbour ABI, is speaking on the main stage at UK Construction Week on Wednesday 9th October starting at 10.25am. The panel, chaired by BBC’s Steph McGovern, will debate the current economic situation in a session titled ‘Brexit – Boom or Bust? Industry economic forecast 2020’. Together with Tom, the panel … Read more
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