PUBLISHER: MarketLine | PRODUCT CODE: 1384474
PUBLISHER: MarketLine | PRODUCT CODE: 1384474
Global Consumer Electronics Retail industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The consumer electronics retail market comprises the sales of communications equipment, computer hardware and software, consumer electronics, household appliances, and photographic equipment.
Communications equipment includes retail sales of answer machines, fax machines, fixed-line telephones, mobile phone accessories, and mobile phones.
Computer hardware and software includes retail sales of desktops and laptop computers, software, memory sticks, CD packs, hard disks and other data storage devices, computer peripherals, PDAs, organizers, calculators, and satellite navigation systems.
Consumer electronics includes retail sales of CD players, DVD players and recorders, hi-fi systems, home theatres, in-car entertainment systems, portable digital radios, radios, televisions and video recorders, home use, and portable game consoles.
Household appliances include major domestic appliances (air conditioners, dishwashers, dryers, freezers, hobs and extractors, microwave ovens, refrigerators, stoves, vacuum cleaners and washing machines) plus minor domestic appliances (blenders, coffee machines, deep fryers, food processors, grills, hair products, hair trimmers, curling tongs, razors, hand-held mixers, irons, juicers, kettles, stand mixers, toasters, sun lamps and fans).
Photographic equipment includes camcorders, cameras, projectors, camera and camcorder accessories, binoculars, and telescopes.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation), and all currency conversions used in this report have been calculated using constant 2022 annual average exchange rates.
The global consumer electronics market had total revenues of $1,499.4 billion in 2022, representing a compound annual growth rate (CAGR) of 5.2% between 2017 and 2022.
The communications equipment segment accounted for the market's largest proportion in 2022, with total revenues of $562.4 billion, equivalent to 37.5% of the market's overall value.
The growth in the global consumer electronics market is influenced by several macroeconomic factors, such as rising GDP and growing consumer confidence. For instance, according to the University of Michigan, consumer sentiment in the US stood at 69.5 in August 2023, up from 56.8 in November 2022.