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According to the latest research report by AMA, the future of the electrical wholesale market is looking bright. Indications for 2019 are looking positive and the market is forecast to achieve a solid growth rate during the year.
The electrical wholesale market has undergone a period of growth since 2014. This was supported by a strengthening economy and improved construction output.
During 2016, this growth slowed due to the uncertainty around Brexit and the impact that could have, but 2017 saw improved growth especially in the domestic sector. In 2018 the rate of growth slowed again, but throughout this period the market was positive.
There are a number of factors that have contributed to market growth including:
A few areas that have been hindering the growth of the electrical wholesale market include:
Online sales of electrical products are becoming an increasingly important area in the market. Between 2012 and 2017 the electrical products market increased by around 20%, whereas the online sales of electrical products have increased by around 300%.
It’s clear that if electrical wholesalers want to capitalise on the current market growth, investing in their capacity to sell online would be wise.
Bridgewater Professionals specialise in recruitment for jobs within the wholesale, distribution and manufacturing industries, recruiting highly skilled individuals at all levels across the UK and Ireland.
If you’re an electrical wholesale, distribution or manufacturing professional interested in developing your career, get in touch with us today.