Continuous innovation to the technology and rising per capita spending upon these products is growing the demand for consumer electronics and appliances in the United States.
According to TechSci Research report, “United States Consumer Electronics and Appliances Market By Type (Audio Visual Equipment, Home Appliances, Kitchen Appliances, Personal Care Appliances), By Application (Residential and Commercial), By Distribution Channel (Electronic and Specialty Retailers, Hypermarket/ Supermarket, Online Channels, and Others (Institutional Stores, etc.)), By Region, By Top 10 Leading States, Competition, Forecast & Opportunities, 2026F”, the United States consumer electronics and appliances market is forecast to grow at a CAGR of 3.70% to reach approximately USD165 billion by 2026F.
Consumer electronics refers to a diverse range of electronic gadgets that perform one or more functions in the home or for a specific person. Originally, the phrase referred to electrical gadgets that were placed or utilized solely within a home or residence. Consumer electronics include mobile and computing gadgets, such as a cell phone or a tablet PC, that can easily be transported outside the home.
Browse 20 Figures spread through 70 Pages and an in-depth TOC on "United States Consumer Electronics and Appliances Market"
Moreover, manufacturers in the consumer electronics industry are primarily focusing on product developments to achieve a competitive advantage, which is paving the way for significant market growth. For instance, Apple launched its new range of iPhones under the product name of iPhone 13 and iPhone 13 mini, with innovative features like a sleek and durable design, an advanced new dual-camera system that supports photos and videos even in dim lighting.
Also, Canon has announced in the early 2021 that it would be releasing the XF505 video camera by the end of the year which features such as 15x integrated zoom lens, one-inch picture sensors, and smart battery system BP-A batteries.
The United States consumer electronics and appliances market is segmented based on product, application, structure, distribution channel, region, top 10 leading states, and company. In terms of product, the United States consumer electronics and appliances market can be segregated into audio visual equipment, home appliances, kitchen appliances, personal care appliances.
The United States consumer electronics and appliances market is further divided into two applications segments as residential and commercial. Among them, the residential segment dominates the consumer electronic market, due to a large number of households and an increasing female working population.
In terms of distribution channels, the United States consumer electronics and appliances market is divided into electronic and specialty retailers, hypermarket/ supermarket, online channels, and others (institutional stores, etc.). Among them, the most preferred source of purchasing consumer electronics and appliances is electronic and specialty retailers with a market share of approximately 36%, whereas online channels are becoming a more popular source of distribution channel with rising discounts and quick servicing facilities within the consumer electronics and appliances.
The electronics market in the United States is enormous. In the United States, there are some of the oldest and most prestigious electronic companies. Several electronic companies have sprung up as a result of the expansion in consumer electronics. Some of the major companies are Apple Inc., LG Electronics USA, Inc., Samsung Electronics America, Inc., Whirlpool Corporation, Sony Group Corporation, XIAOMI CORPORATION, Panasonic Corporation, AB Electrolux, Hitachi, Ltd., ATL International LLC (Koninklijke Philips N.V.).
“In the United States, price, performance, capacity, convenience, and appearance are the major qualities of consumer electronics and appliances, and these features have a crucial impact on the image of the company. Furthermore, to obtain a competitive advantage, manufacturers in this field are continuously focusing on innovating their product offerings, changing marketing strategies, involved in strategic alliances, mergers & acquisitions, to capture a large consumer base.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Consumer Electronics and Appliances Market By Type (Audio Visual Equipment, Home Appliances, Kitchen Appliances, Personal Care Appliances), By Application (Residential and Commercial), By Distribution Channel (Electronic and Specialty Retailers, Hypermarket/ Supermarket, Online Channels, and Others (Institutional Stores, etc.)), By Region, By Top 10 Leading States, Competition, Forecast & Opportunities, 2026F”, has evaluated the future growth potential of consumer electronics and appliances in United States and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the United States consumer electronics and appliances market.
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