Best Prospects in the Global Consumer Electronics E-Commerce Market and Strategies for Growth – Includes Consumer Electronics E-Commerce Market Analysis
The Business Research Company’s report goes into great detail on the consumer electronics e-commerce market size and growth, consumer electronics e-commerce market regional analysis, consumer electronics e-commerce market competitive landscape, and other critical information needed to excel in the consumer electronics e-commerce industry.
Major players in the consumer electronics e-commerce market include Alibaba, Amazon, JD.com, eBay, Shopify, Rakuten, Walmart, Newegg, Target, and Flipkart.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global consumer electronics e-commerce market size is expected to grow from $473.21 billion in 2021 to $539.46 billion in 2022 at a compound annual growth rate (CAGR) of 14%. The global consumer electronics ecommerce market size is expected to grow to $825.39 billion in 2026 at a CAGR of 11.2%.
North America was the largest region in the consumer electronics ecommerce market in 2021.
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 theater 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.
Consumers are shifting from offline to online shopping, and this factor is the key driving factor of the consumer electronics e-commerce market.
Augmented reality (AR) technology enhances the online shopping experience. AR technology is a solution for online shoppers ‘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 an opportunity for customers to see how products could look in their space before they commit to purchasing. 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 the cost of returns. AR helps online retailers significantly reduce returns by providing a ‘try-before-you-buy’ digital experience.
TBRC’s Global Consumer Electronics E-Commerce Market Report Is Segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Consumer Electronics E-Commerce Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the consumer electronics e-commerce market globally and regionally, analyzes and forecasts market size, share, consumer electronics e-commerce market players, consumer electronics e-commerce market segments, leading competitor revenues, profiles and market shares.
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