A recent market intelligence report that is published by Data Insights Partner on the global Electronics Retailing Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Electronics Retailing Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Electronics Retailing Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Electronics Retailing Market is offered. In accordance with the report, the global Electronics Retailing Market is projected to expand by healthy CAGR of 4.1% over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Electronics, also known as consumer electronics, are different types of electronic equipment intended for regular and daily usage. These equipment include goods and services for communication, entertainment, recreation and household appliances. Electronic appliances are both used in residential and non-residential purposes and can be categorized based on its sizes, usage and prices.
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The expanding building and construction sector is the main driver behind the growth of Electronics Retailing Market. The growing number smart homes and offices, hospitals and healthcare sectors, schools and institutions and need for electronic appliances in these places are driving the said market growth really high. The growing usage of electronic goods such as television, air conditioner, washing machines, kitchen chimney, heater, mobiles and headsets, computer etc. in daily life has made the growth rate of the Electronics Retailing Market rise very rapidly.
Beside this, the rapid urbanization, growing population, rising concerns to lead a better and easier lifestyle and rising per capita income are also some of the key players behind the rapid growth of the Electronics Retailing Market.
Aside from these, the government subsidies and loan system for infrastructure development of houses and offices and rising foreign investments in the Electronics Retailing sector are also adding fuel to this increasing market growth.
The regular introduction of different and brand-new types of Electronic Goods and Services with better technology, qualities and durability in different price range to satisfy the varying tastes of the customers is also attracting new consumers and thus helping the growth rate of Electronics Retailing Market to rise high. The convenience and efficiency of electronic appliances is also helping in the expansion of the said market.
The Electronics Retailing Market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–
? High prices of the raw materials, high installation, maintenance and repairing costs and high cost of R&D activities resulting into high cost of the premium quality end products.
? High transportation and import cost.
? Unavailability of these products and raw materials in many regions.
? Lack of awareness about the availability and benefits of the Electronic Goods and Services in the rural areas of the developing countries.
Both the Residential Large and Medium Electronics Appliances Retailing Markets have a huge opportunity as demand for smart homes has been increasing in the past few years and is also expected to rise at a healthy growth rate in the forecast period. The commercial sector will also have a high growth rate for the demand of electronic goods in these sectors due to its convenience.
During the forecast period, Asia Pacific followed by North America and Europe are expected to have the largest share of Electronics Retailing Market. The demand for these products in the Asia Pacific region is driven by its expanding building & construction sector, growing population and rising disposable income among individuals. Rising concerns over proper appliances in home, offices and other non-residential buildings and places and in daily lives to make lifestyle easier are also driving the growth. It is also believed that on the basis of product type, the audio and video segment will have the largest share for its low prices and high demand and efficiency and convenience. The free-standing electronic appliances retail sectors are also expected to rise significantly in the said time for its low cost and easy-to-install and portable properties.
This market intelligence report on the global Electronics Retailing Market encompasses market segments based on product type, product form, price range, application, end usage, distributional channel and country.
By Product Type the global Electronics Retailing Market has been divided into:
q Large Household Appliances
q Small Household Appliances
q Audio and Video Equipment
q Digital Photo Equipment
By Product Form the global Electronics Retailing Market has been divided into:
By Price Range the global Electronics Retailing Market has been divided into:
q High Price Range
q Medium Price Range
q Low Price Range
By Application the global Electronics Retailing Market has been divided into:
By End Usage the global Electronics Retailing Market has been divided into:
By Distributional Channel the global Electronics Retailing Market has been divided into:
By country/region, the global Electronics Retailing Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q AB Electrolux
q Acer, Inc.
q Apple Inc.
q Best Buy Co., Inc.
q Canon, Inc.
q David Clark Inc.
q Dell Inc.
q Fujifilm Corporation
q Fujitsu General Electric
q Gionee Communication Equipment Co. Ltd.
q Google, Inc.
q GoPro, Inc.
q Haier Corporation
q Hitachi, Ltd.
q Hewlett-Packard Company
q Huawei Technologies Co. Ltd.
q iON Worldwide LLC
q Koninklijke Philips N.V. (E & H)
q Lenovo Inc.
q LG Corporation
q Microsoft Corporation
q Nikon Corporation
q Olympus Corporation
q Panasonic Corporation
q Samsung Electronics Co. Ltd
q Sony Corporation
q TCL Corporation
q Toshiba Corporation
q Vivo Communication Technology Co. Ltd.
q Walton Group
q Whirlpool Corporation
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Electronics Retailing Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
The Japanese Electronic Appliances manufacturer Hitachi, Ltd., established in 2001, has been one of the leading market players in Electronics Retailing Sector. The company has developed a Rapid Diagnostics Method of Battery Degradation to evaluate the performance degradation and remaining lifespan of used lithium-ion batteries instantly in November, 2020. Their recent R&D activities are focused on making the technology meet with tradition in a balanced manner in their new products to make the products technologically advanced but easy-to-use.
The South Korean Electronics Manufacturing Company LG Corporation is leading the technological innovations and development field in the Electronic Home Appliances, Electronic Audio and Video Devices and Mobile Communication Devices Sectors. The company made a total of 55.8billion USD revenue as of 2018. The company has different products of same category in different price range with various facilities and properties to meet all types of preferences of different customers from different countries. The country also has different promotion method and advertisement campaigning strategy for different countries.
Ø This study offers comprehensive yet detailed analysis of the Electronics Retailing Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Electronics Retailing Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of different type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Electronics Retailing caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Electronics Retailing Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Respond to your competitors’ business structure, strategy and prospects
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