Electronics Retailing Market Dynamics, Growth Prospect and Consumption Analysis till 2025
The Electronics Retailing Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.
Market Insights
Electronics retail also
known as consumer electronics encompass devices meant for everyday use.
Particularly, communications, entertainment, office productivity and others
fall under the category of consumer electronics. Technically, consumer
electronics include several components for manufacture such as electronic
component, software development and standardization. Electronic component is
any discrete device or physical entity in an electronic system to affect
associated fields or electrons. Electronic components mostly are industrial
products available in a single form and not to be mixed with electrical
elements.
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Software provides the
necessary operations for a digital device to function. Consumer electronics
such as personal computers use various types of software in some consumer
electronics such as mobile phones. In some, consumer electronics software is
used on a personal computer couple with electronic devices such as camcorders
and digital cameras and a third-party software also exists for such devices.
Consumer electronics
show is held timely in different countries with thousands of products on
display. The products adhere to standards of IEEE which is the world’s largest
professional scientific and technical society with initiatives for
state-of-the-art consumer electronics. IEEE beholds a dedicated society of
professionals to promote consumer electronics.
Commercially,
electronics retailing is a crucial part of retail industry in many countries.
Big players such as Wal-Mart and Target are too engaged in electronics
retailing. With growing demand for SMART devices and growing consumer base, the
global electronics retailing market witnesses a trajectory growth in the
upcoming years. The key driving factors responsible for the growth of global
electronics retailing market include growth in number of devices such as
smartphones, laptops, tablets, digital cameras, MP3 players and personal care
devices.
However, factors such
as new market entrants, technological upgrade and heavy competition are posing
as growth challenges for the market. On the basis of product, the global
electronics retailing market is segmented into handheld devices, laptops,
smartphones, personal computers, cameras and camcorders, audio/video devices,
personal care products and gaming consoles. On the basis of end-use
application, the global electronics retailing market is segmented into
residential and commercial. Commercial segment is anticipated to grow at a
higher CAGR during the forecast period owing to growth in IT and
infrastructure.
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On the basis of
geographic segmentation, the global electronics retailing market spans North
America, Latin America, Europe, Asia Pacific, Middle-East and Africa. North
America is anticipated to grow at a higher CAGR during the forecast period
owing to presence of big players and rising number of startups. APAC regions
such as Japan and China are anticipated to grow rapidly during the forecast
period owing to technological know-how, potential market and a strong customer
base. The key players in the global
electronics retailing market include LG Corporation, Canon, Inc.,
Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Dell, Inc.,
Hewlett-Packard Company, Sony Corporation, Apple, Inc., Nikon Corporation, and
Panasonic Corporation.
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