Report Description
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:
Definition
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.
Market Drivers
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.
Market Restraints
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.
Opportunities
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.
Trends
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.
Segment Covered:
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
o Personal
o Professional
q Digital
Photo Equipment
o Personal
o Professional
q Others
By Product
Form the global Electronics Retailing Market has been
divided into:
q Free-standing
q Built-in
q Others
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:
q Residential
q Non-residential
o Education
o Healthcare
o Industrial
o Retail
o Others
By End
Usage the global Electronics Retailing Market has been
divided into:
q Personal
q Commercial
By Distributional
Channel the global Electronics Retailing Market has been
divided into:
q Offline
q Online
q Others
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 Oneplus
q OPPO
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.
Report Highlights:
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
Hitachi, Ltd.
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.
LG Corporation
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.
Salient Features:
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
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Electronics Retailing Market
v
Identification
of key factors driving investment opportunities in the Electronics
Retailing Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
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