Global Electronics And Appliance Stores Market Overview And Prospects

December 15, 2021December 15, 2021 by The Business Research Company

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

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The global electronics and appliance stores market is expected to grow from $982.21 billion in 2020 to $1064.28 billion in 2021 at a compound annual growth rate (CAGR) of 8.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1334.67 billion in 2025 at a CAGR of 6%.

With the rapid growth in retail data and the availability of technologies to analyse data it will become easier for electronics and appliance stores to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.

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The electronics and appliance stores market consists of sales of electronics and appliances by entities (organizations, sole traders and partnerships) that sell electronics and appliances to ultimate users from fixed point-of-sale locations. The segment is typically operated from the locations that have provisions for floor displays and provide electrical capacity for demonstration of the products.

Global electronic appliance stores market segments include:

By Type: Hardware Suppliers & Security Stores, Consumer Electronics Stores

By Ownership: Retail Chain, Independent Retailer

By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global electronics and appliance stores market, accounting for 51% of the market in 2020.

Electronics stores are rapidly adopting technology to implement efficient workflow, better store management and services. The stores now have traffic-tracking sensors, radio-frequency identification (RFID) tags, handheld scanners, and heat maps, all designed to offer a real-time snapshot of how the modern consumer is shopping. These digital technologies help in real-time stock management, inventory controls, make solid predictions and demand forecasting.

TBRC’s electronics and appliance stores market report covers:

Major Market Players: Best Buy, Conn’s, Fry’s Electronics, GameStop, Apple.

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 Electronics And Appliance Stores Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides electronics and appliance stores market overviews, analyses and forecasts market size, share, electronics and appliance stores market players, electronics and appliance stores market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electronics and appliance stores market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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