Consumer Electronics E-Commerce Global Market To Reach Value Of About $511 Billion In 2025

30 Nov, 2021

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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 Size And Drivers:

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 the key driving factor of consumer electronics e-commerce market.

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Trends In The Global Consumer Electronics E-Commerce Market

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. For example, Augment is an augmented reality tool that allows customers to view a product in real time. Augment helps customers to rotate and see products so that it can be visualizes in a natural setting. Also, customers can change the product colours and finishes.

Global Consumer Electronics E-Commerce Market Segments:
The global consumer electronics e-commerce market is further 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 global consumer electronics e-commerce market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Consumer Electronics E-Commerce Market At:

https://www.thebusinessresearchcompany.com/report/consumer-electronics-e-commerce-global-market-report-2020-30-covid-19-implications-and-growth

Consumer Electronics E-Commerce Global Market Report 2021 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 and growth for the global consumer electronics e-commerce market, consumer electronics e-commerce market share, consumer electronics e-commerce market players, consumer electronics e-commerce market segments and geographies, consumer electronics e-commerce market’s 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.