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How much is the consumer electronics e-commerce market worth, and how is it expected to expand?
The consumer electronics e-commerce market size has grown rapidly in recent years. It will grow from $688.3 billion in 2024 to $805.67 billion in 2025 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to online shopping convenience, product variety, competitive pricing, mobile shopping.
The consumer electronics e-commerce market size is expected to see rapid growth in the next few years. It will grow to $1605.19 billion in 2029 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to technological advancements, ai and personalization, e-commerce marketplaces, mobile payments. Major trends in the forecast period include virtual try-on, ai-powered recommendations, omnichannel retail, sustainability and eco-friendly products.
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Which industry factors have accelerated the consumer electronics e-commerce market’s expansion?
Consumers are shifting from offline to online shopping, and this factor is the key driving factor in the consumer electronics e-commerce market. Globally, nearly 53% of the global population (more than 4 billion people) is connected to the internet, and nearly all of them (92.6%) go online using their mobile devices. Internet connectivity has presented an opportunity for hassle-free shopping anytime, anywhere. Internet accessibility, mobile technology, and digital innovations are changing consumers’ shopping experiences. With customers’ trust in buying high-value products, including electronics, on the Internet, the number of online shoppers is skyrocketing. Therefore, with the increased penetration of online shopping in consumers’ lives, the value of the electronics e-commerce market is expected to only rise but not slow down.
What are the primary segments of the consumer electronics e-commerce market?
The consumer electronics e-commerce market covered in this report is segmented –
1) By Product: Video Products, Audio Products, Other Products
2) By Business Model: Business To Business (B2B), Business To Consumer (B2C)
3) By Pricing Model: Low Cost Products, Medium Cost Products, High End Products
Subsegments:
1) By Video Products: Televisions, Streaming Devices, Cameras And Camcorders, Projectors, Other Video Products
2) By Audio Products: Headphones And Earbuds, Speakers, Home Audio Systems, Soundbars, Other Audio Products
3) By Other Products: Wearable Electronics (Smartwatches, Fitness Trackers), Gaming Consoles And Accessories, Smart Home Devices, Personal Care Electronics, Other Consumer Electronics
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Which firms are leading the consumer electronics e-commerce market?
Major companies operating in the consumer electronics e-commerce market include Alibaba Group Holding Limited, Amazon.com Inc., JD.com Inc., eBay Inc., Shopify Inc., Rakuten Inc., Walmart Inc., Newegg Inc., Target Corporation, Flipkart Internet Private Limited, Best Buy Co. Inc., Apple Inc., B&H Foto & Electronics Corp., Crutchfield Corporation, GameStop Corp., P.C. Richard & Son Inc., Adorama Inc., Abt Electronics Inc., Overstock.com Inc., CDW Corporation, BuyDig.com LLC, HSN Inc., QVC Inc., Monoprice Inc.
Which market trends are set to define the future of the consumer electronics e-commerce market?
Augmented reality (AR) technology enhances the online shopping experience. Online shoppersty (AR) technology enhances the online shopping experience. Online shoppers’ uncertainty about a product they wish to purchase online is solved with AR technology. AR solutions allow customers to visualize products in real-time, from the comfort of their homes. The 3D visualizations via AR provide an opportunity for customers to see how products could look in their space before they commit to purchasing them. They can try different options and choose the best product. It reduces the inconvenience due to the return or exchange of products and saves time and the cost of returns. AR helps online retailers significantly reduce returns by providing a ‘try-before-you-buy’ digital experience. For example, Augment is an augmented reality tool that allows customers to view a product in real-time. Augment helps customers to rotate and see products so that they can be visualized in a natural setting. Also, customers can change the product colors and finishes.
Which geographic trends are shaping the consumer electronics e-commerce market, and which region has the highest market share?
North America was the largest region in the consumer electronics e-commerce market in 2023. Asia-Pacific was the second largest region in the consumer electronics e-commerce market. The regions covered in the consumer electronics e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Consumer Electronics E-Commerce Market Report 2025 Offer?
The consumer electronics e-commerce market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The consumer electronics e-commerce refers to businesses, companies, and individuals selling electronic goods that include television, navigation products, digital cameras and accessories, digital camcorders and accessories, e-Reader and others, through online channel.
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