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%.
What is the Global Consumer Electronics E-Commerce Market?
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.
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What drives the Global Consumer Electronics E-Commerce Market?
Consumers are shifting from offline to online shopping, and this factor is the key driving factor of 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 the building 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.
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Global Consumer Electronics E-Commerce Market Segments
The global consumer electronics e-commerce market 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: The regions covered in the consumer electronics e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Consumer Electronics E-Commerce Global Market Report 2022provides market size and growth forecasts for the global consumer electronics e-commerce market, global consumer electronics e-commerce market share, consumer electronics e-commerce market segments and geographies, consumer electronics e-commerce market competitive landscape including leading competitors’ revenues, profiles and market shares. The consumer electronics e-commerce market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Consumer Electronics E-Commerce Industry Playersinclude Alibaba, Amazon, JD.com, eBay, Shopify, Rakuten, Walmart, Newegg, Target, and Flipkart. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
