Business Research Company Global Consumer Electronics E-Commerce Market Report 2021: COVID-19 Growth and Change by 2030
LONDON, GREATER LONDON, UK, June 21, 2021 /EINPresswire.com/ – Consumers are shifting from offline to online shopping, and this factor is the number one driver of the consumer electronics e-commerce market. Globally, nearly 53% of the world’s population (more than 4 billion people) are connected to the Internet, and almost all (92.6%) go online with their mobile devices. Internet connectivity offers the possibility of hassle-free shopping – anytime, anywhere. Internet access, mobile technologies and digital innovations are changing the consumer shopping experience. As customers become more confident to purchase high quality products including electronics on the Internet, the number of online shoppers has skyrocketed. Therefore, as online shopping penetration becomes more prevalent in consumers’ lives, it is expected that the value of the electronic e-commerce market will only increase but not slow down.
The consumer electronics market includes the sale of electronic goods, including video products such as televisions, navigation products, digital cameras and accessories, digital camcorders and accessories, e-readers, DVD and Blu-ray players, audio products such as MP3 players and accessories, home theater Audio systems and components, musical instruments and mobile electronics, and others. The market consists of the income that the companies generate from the sale of these video and audio electronics. E-commerce refers to businesses, businesses, and individuals that sell goods or services electronically.
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The global consumer electronics market is forecast to grow from $ 310.23 billion in 2020 to $ 343.34 billion in 2021, with an average annual growth rate (CAGR) of 10.7%. The change in the growth trend is mainly due to companies stabilizing production after serving the exponentially increased demand during the COVID-19 pandemic in 2020. The consumer electronics market is projected to reach $ 511.06 billion at a CAGR of 10% in 2025.
Major players in the consumer electronics retail industry are Alibaba, Amazon, JD.com, eBay, Shopify, Rakuten, Walmart, Newegg, Target and Flipkart.
TBRC E-Commerce Consumer Electronics Market research report is segmented into Video Products, Audio Products, and Others by product; according to business model in business-to-business (B2B), business-to-consumer (B2C); through the pricing model into low-cost products, mid-cost products and high-end products.
Consumer Electronics E-Commerce Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that outlines the e-commerce consumer electronics market, a projected size of the e- Consumer Electronics Commerce Market and Growth for Whole Market, Consumer Electronics E-Commerce Market Segments and Regions, Consumer Electronics E-Commerce Market Trends, Consumer Electronics E-Commerce Market Drivers, Restrictions, Revenues, Profiles, and Market Shares of Leading Competitors.
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