Overview and Scope
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.
Sizing and Forecast
The consumer electronics e-commerce market size has grown rapidly in recent years. It will grow from <b>$614.98 billion in 2023 to $701.08 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. </b> 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 <b>$1154.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. </b> 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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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in the consumer electronics e-commerce market in 2023. <b>Asia-Pacific</b> 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
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the consumer electronics e-commerce market include <b>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.</b>
The consumer electronics e-commerce market report table of contents includes:
1. Executive Summary
2. Consumer Electronics E-Commerce Market Characteristics
3.Consumer Electronics E-Commerce Market Trends And Strategies
4.Consumer Electronics E-Commerce Market analysis
5.Consumer Electronics E-Commerce Market Size And Growth
6. Consumer Electronics E-Commerce Segmentation
7. Consumer Electronics E-Commerce Regional And Country Analysis
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27.Consumer Electronics E-Commerce Competitive Landscape And Company Profiles
28.Consumer Electronics E-Commerce Key Mergers And Acquisitions
29.Consumer Electronics E-Commerce Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Alibaba Group Holding Limited
- Amazon.com Inc.
- JD.com Inc.
- eBay Inc.
- Shopify Inc.
- Rakuten Inc.
- Walmart Inc.
- Newegg Inc.
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