Global Consumer Electronics E-Commerce Market Size, Forecasts, And Opportunities

November 30, 2021November 30, 2021 by The Business Research Company

Learn about the global consumer electronics e-commerce market through The Business Research Company, which provides information on consumer electronics e-commerce market size, consumer electronics e-commerce market drivers and restraints, consumer electronics e-commerce market players, the COVID-19 impact on the consumer electronics e-commerce market, and more.

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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%.

Consumers are shifting from offline to online shopping, and this factor is expected to drive innovation in consumer electronics e-commerce, thus driving the market during the forecast period.

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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, audio products such as MP3 players and accessories, home theatre audio systems and components, musical instruments and mobile electronics, and others. The market consists of revenues generated by the establishments by the sales of these video and audio electronics. Ecommerce refers to businesses, companies, and individuals selling goods or services electronically.

Global consumer electronics e-commerce market segments include:

By Product: Video Products, Audio Products, Others

By Business Model: Business To Business (B2B), Business To Consumer (B2C)

By Pricing Model: Low-Cost Products, Medium Cost Products, High End Products

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Augmented reality (AR) technology enhances online shopping experience. AR technology is a solution for online shopper’s ‘uncertainty’ about a product that they wish to purchase online. AR solutions allow customers to visualize products in real time, from the comfort of their homes. The 3D visualizations via AR provide opportunity for customers to see how products could look in their space before they commit to purchase. They can try different options and choose the best product. It reduces the inconvenience due to the return/exchange of products, and saves time and cost of returns. AR helps online retailers significantly reduce returns by providing ‘try-before-you-buy’ digital experience.

TBRC’s consumer electronics e-commerce market report covers:

Major Market Players: Alibaba, Amazon, JD.com, eBay, Shopify, Rakuten, Walmart, Newegg, Target, and Flipkart.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The 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 provides consumer electronics e-commerce market overviews, analyzes and forecasts market size, share, consumer electronics e-commerce market players, consumer electronics e-commerce market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s consumer electronics e-commerce market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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E-Commerce Global Market Report 2021

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