Electrical Wholesalers

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Electrical Wholesalers - In 2007, the combined sales of the Electrical Wholesalers identified reached around £4.55 billion, reflecting growth of just over 13% since 2004. The UK electrical wholesalers have experienced reasonably positive performance in recent years, the market performing particularly well in 2006 with sales rising by more than 8%.

The slowdown in the UK economy and the ongoing impact on the housing market and business confidence is now indicated to be impacting the electrical wholesale mrket, as commercial and domestic construction projects in particular are postponed. Whilst there remains some optimism in the market derived from public sector construction spending, our forecasts are for market revenues to decline in 2008 to around £4.3 billion, reflecting a decline of 5%.

Given the recent downgrading of economic forecasts by the Bank of England, our forecasts for the electrical wholesale market reflect the likelihood of a further contraction in sales in 2009 to levels of around £4 billion. By 2010, however, given an improving housing market and subsequent return of business confidence levels resulting in higher construction and RMI activity, sales through electrical wholesalers are forecast to return to growth, with the sector achieving total revenue of just under £4.5 billion by 2012.
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