The Global Consumer Electronics segment registered Market value of USD 244,600.10 Million in 2020
The indicator recorded a historical growth (CAGR) of 1.22% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Global consumer electronics retail market
The global consumer electronics retail market shrank by a significant share in 2020.
The consumer 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 include 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.
The global consumer electronics retail market declined in 2020 as the COVID-19 pandemic caused disruption. However, overall the market has seen moderate growth in the historic period. Strong growth is expected in the forecast period.
Category segmentation
Communications equipment is the largest segment of the global consumer electronics retail market, accounting for major portion of a share of the market's total value. The Computer hardware & software segment accounts for a further percentage of a share of the market.
Geography segmentation
Asia-pacific accounts for a majority of the share of the global consumer electronics retail market value. The United States accounts for a further significant share of the global market.
Who are the leading players?
Amazon has been a major disruptor of consumer electronics retail for over a decade. The e-commerce giant is responsible for the huge drive in online pureplay sales in the market, although it does not benefit from all online sales, despite being the catalyst for their growth.
MediaMarktSaturn Retail Group
Europe’s leading consumer electronics retail group is MediaMarktSaturn, a subsidiary of Ceconomy AG.
The growth of e-commerce is a key driver for the whole MediaMarktSaturn group as it struggles to compete with Amazon, which finds its second-biggest market in Germany. However, customer service remains essential to its physical stores which has been impacted by the COVID-19 pandemic.
United States of America
United States of America
United States of America
United States of America
China
Germany
United States of America
United States of America
United States of America
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