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Explore the latest trends and actionable insights on the Electricals and Electronics market to inform business strategy and pinpoint opportunities and risks.

The Market value of Global Electricals Segment (2017 - 2024, USD Million)

Industry: Retail
Current: Market Sizing & Shares

The Global Electricals segment registered Market value of USD 1,365,732.62 Million in 2020
The indicator recorded a historical growth (CAGR) of 3.45% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...

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The Market value of Global Electricals Segment (2017 - 2024, USD Million)

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Explore the latest trends and actionable insights on the Electricals and Electronics market to inform business strategy and pinpoint opportunities and risks.

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Global Electrical & Electronics Retail

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.

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 global electrical and electronics retail market grew robustly, primarily driven by Asia-Pacific. This is expected to further drive growth toward 2022, combined with better growth prospects in Europe and North America.

Category segmentation

Communications equipment is the largest segment of the global electrical & electronics retail market, accounting for the largest share of the market's total value.

The computer hardware & software segment accounts for the second-largest share of the market.

Geography segmentation

Asia-Pacific accounts for the largest share of the global electrical & electronics retail market value.

The United States accounts for the second-largest share of the global market.

Market distribution

Electrical and Electronics Specialists form the leading distribution channel in the global electrical & electronics retail market, accounting for the largest share of the total market's value.

Online Pureplay accounts for the second-largest share of the market.

Leading companies

Amazon.com, Inc.

Amazon is an online retailer. The company offers a range of products and services through its trademark e-commerce site, amazon.com. The products offered by the company include merchandise and content purchased for resale from vendors and products offered by third-party sellers. The company also manufactures and sells Kindle devices.

Best Buy Co, Inc.

Best Buy Co., Inc. is an in-store and online retailer. The company classifies its business operations into two reportable segments: Domestic and International.