Consumer Electronics Retailers Market Trends

Statistics for the 2023 & 2024 Consumer Electronics Retailers market trends, created by Mordor Intelligence™ Industry Reports. Consumer Electronics Retailers trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Team License

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Corporate License

$8750

Book before:

Market Trends of Consumer Electronics Retailers Industry

The Accessibility and Convenience of Online Shopping Platforms Increase Market Demand

The accessibility and convenience of online shopping platforms have resulted in a notable change in consumer behavior, with more people turning to e-commerce channels to buy consumer electronics. In response to this trend, retailers are prioritizing investments in robust online platforms and omnichannel strategies to meet the evolving needs of consumers.

This trend was further accelerated during the COVID-19 pandemic lockdowns, leading to a significant surge in online sales. The growth of consumer electronics is fueled by digital buyers, referring to internet users who purchase via various digital platforms, including online, mobile, and tablet channels. The consumer electronics eCommerce market boasts numerous players, with Amazon emerging as the leading online retail store for electronics and media. Other prominent players in the industry include Apple, JD.com, Suning, and BestBuy.

Consumer Electronics Retailers Market: Number of Stores of Leading Consumer Electronics Retailers Worldwide, by Headquarter, 2022-2023

North America's Holds Largest Shares in Consumer Electronics Retailer

North America's consumer electronics retailers market is established, fueled by a population known for its tech-savviness and a strong emphasis on the latest technologies. The region experiences robust sales of smartphones, tablets, laptops, and smart home devices. The United States stands out as a critical player in consumer electronics retail, characterized by intense competition and a culture driven by technology. The demand for gaming consoles, wearables, and home entertainment systems is particularly noteworthy in this region. The accessibility and convenience of online shopping platforms increase market demand.

Consumer Electronics Retailers Market: Sales of Leading Retailers in the United States, in USD Billion, in 2022

Consumer Electronics Retailers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)