Overview and Scope
The consumer electronics e-commerce refers to businesses, companies, and individuals selling electronic goods that include television, navigation products, digital cameras and accessories, digital camcorders and accessories, e-Reader and others, through online channel.
Sizing and Forecast
The consumer electronics e-commerce market size has grown rapidly in recent years. It will grow from <b>$614.98 billion in 2023 to $701.08 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. </b> The growth in the historic period can be attributed to online shopping convenience, product variety, competitive pricing, mobile shopping.
The consumer electronics e-commerce market size is expected to see rapid growth in the next few years. It will grow to <b>$1154.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. </b> The growth in the forecast period can be attributed to technological advancements, ai and personalization, e-commerce marketplaces, mobile payments. Major trends in the forecast period include virtual try-on, ai-powered recommendations, omnichannel retail, sustainability and eco-friendly products.
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Segmentation & Regional Insights
The consumer electronics e-commerce market covered in this report is segmented –
1) By Product: Video Products, Audio Products, Other Products
2) By Business Model: Business To Business (B2B), Business To Consumer (B2C)
3) By Pricing Model: Low Cost Products, Medium Cost Products, High End Products
<b>North America</b> was the largest region in the consumer electronics e-commerce market in 2023. <b>Asia-Pacific</b> was the second largest region in the consumer electronics e-commerce market. The regions covered in the consumer electronics e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Consumers are shifting from offline to online shopping, and this factor is the key driving factor in the consumer electronics e-commerce market. Globally, nearly 53% of the global population (more than 4 billion people) is connected to the internet, and nearly all of them (92.6%) go online using their mobile devices. Internet connectivity has presented an opportunity for hassle-free shopping anytime, anywhere. Internet accessibility, mobile technology, and digital innovations are changing consumers' shopping experiences. With customers' trust in buying high-value products, including electronics, on the Internet, the number of online shoppers is skyrocketing. Therefore, with the increased penetration of online shopping in consumers’ lives, the value of the electronics e-commerce market is expected to only rise but not slow down.
Key Industry Players
Major companies operating in the consumer electronics e-commerce market include <b>Alibaba Group Holding Limited, Amazon.com Inc., JD.com Inc., eBay Inc., Shopify Inc., Rakuten Inc., Walmart Inc., Newegg Inc., Target Corporation, Flipkart Internet Private Limited, Best Buy Co. Inc., Apple Inc., B&H Foto & Electronics Corp., Crutchfield Corporation, GameStop Corp., P.C. Richard & Son Inc., Adorama Inc., Abt Electronics Inc., Overstock.com Inc., CDW Corporation, BuyDig.com LLC, HSN Inc., QVC Inc., Monoprice Inc.</b>
The consumer electronics e-commerce market report table of contents includes:
1. Executive Summary
2. Consumer Electronics E-Commerce Market Characteristics
3.Consumer Electronics E-Commerce Market Trends And Strategies
4.Consumer Electronics E-Commerce Market analysis
5.Consumer Electronics E-Commerce Market Size And Growth
6. Consumer Electronics E-Commerce Segmentation
7. Consumer Electronics E-Commerce Regional And Country Analysis
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27.Consumer Electronics E-Commerce Competitive Landscape And Company Profiles
28.Consumer Electronics E-Commerce Key Mergers And Acquisitions
29.Consumer Electronics E-Commerce Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Alibaba Group Holding Limited
- Amazon.com Inc.
- JD.com Inc.
- eBay Inc.
- Shopify Inc.
- Rakuten Inc.
- Walmart Inc.
- Newegg Inc.
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The Business Research Company published its Consumer Electronics E-Commerce Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Consumer Electronics E-Commerce market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Consumer Electronics E-Commerce market’s segments- 1) By Product: Video Products, Audio Products, Others2) By Business Model: Business to Business (B2B), Business to Consumer (B2C).
View Complete Report:https://www.thebusinessresearchcompany.com/report/consumer-electronics-e-commerce-global-market-report-2020-30-covid-19-implications-and-growthConsumer Electronics E-Commerce Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global consumer electronics e-commerce market is expected to grow from $282.6 billion in 2019 to about $373.6 billion in 2020 as the market initially experienced a surge due to purchase of electronic products that support work from home.
AR solutions allow customers to visualize products in real time, from the comfort of their homes.
Consumer Electronics e-Commerce Market:WiseGuyReports.com adds “Global Consumer Electronics e-Commerce Market Research Report 2020 Analysis and Forecast 2026” reports to its database.Executive SummaryThe global consumer electronics e-commerce market is expected to grow from $282.6 billion in 2019 to about $373.6 billion in 2020 as the market initially experienced a surge due to purchase of electronic products that support work from home.
The market is expected to stabilize and reach $548.4 billion at a CAGR of 18% through 2023.The consumer electronics market consists of sales of electronic goods that include video products such as television, navigation products, digital cameras and accessories, digital camcorders and accessories, e-Readers, DVD and Blu-ray players, etc, and audio products such as MP3 players and accessories, home theater audio systems and components, musical instruments and mobile electronics, etc.
Ecommerce refers to businesses, companies, and individuals selling goods or services electronically.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5278107-consumer-electronics-e-commerce-global-market-report-2020Augmented reality (AR) technology enhances online shopping experience.
They can try different options and choose the best product.
The differences include local logistics infrastructure, delivery choices, mode of delivery, and warehousing.
Additionally, catering services for same-day and next-day deliveries, along with managing change requests for time slots simultaneously, is another major ongoing logistical challenge for retailers.
Consumer Electronics E-Commerce Global Market Report 2021 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography.
It covers the historic period – 2015-2020, and the forecast period – 2021-2025, with additional forecasts for 2025-2030.
The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.TBRC’s market report includes a chapter on the COVID-19 impact on the consumer electronics e-commerce industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it.
With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected consumer electronics e-commerce market growth numbers from 2021-2030.Request a Sample of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=3039=smp The global consumer electronics e-commerce market is expected to grow from $310.23 billion in 2020 to $343.34 billion in 2021 at a compound annual growth rate (CAGR) of 10.7%.
The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020.
The consumer electronics market is expected to reach $511.06 billion in 2025 at a CAGR of 10%.
