The Electricals segment in China registered Market value of USD 347,901.47 Millions in 2024
The indicator recorded a historical decline (CAGR) of 1.38% between 2021 to 2024, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Electrical & Electronics Retail in China
The electrical and electronics retail market is comprised of the sales of communications equipment, computer hardware and software, consumer electronics, household appliances, and photographic equipment. Communications equipment includes retail sales only of answer machines, fax machines, fixed-line telephones, mobile phone accessories and mobile phones. Computer hardware and software includes retail sales only 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 games consoles.
The Chinese electrical and electronics retail market has grown robustly, as consumption remained stable despite predictions of an economic slowdown in the country. The market is expected to continue growing at an accelerated rate toward 2022.
Category segmentation
Communications equipment is the largest segment of the electrical & electronics retail market in China, accounting for the largest share of the market's total value.
The Household appliances segment accounts for the second-largest share of the market.
Geography segmentation
China accounts for the largest share in the Asia-Pacific electrical & electronics retail market value.
Japan accounts for a further second-largest share of the Asia-Pacific market.
Market distribution
Electrical and Electronics Specialists form the leading distribution channel in the Chinese electrical & electronics retail market followed by the Online Pureplay segment.
Leading companies
Alibaba Group Holding Limited (Alibaba or "the company") is an online and mobile commerce company that operates its ecosystem as a platform for third parties. The company primarily provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem. The company has offices in China, India, Japan, Korea, the UK and the US.
GOME Electrical Appliances Holding Limited
GOME is one of the leading omni-channel retailers of home appliances and consumer electronic products in China.
GOME operates its retail stores under three different formats: flagship stores, standard stores and specialized stores.
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