What is Consumer Electronics Stores Market?
A consumer electronics store is a physical store that sells consumer electronics. The competition is harder than other retail categories in the consumer electronics retailing sector. The factors such as Increased Penetration of the Internet and Huge Investment in Consumer Electronics are the key drivers for the global Consumer Electronics Stores market. In addition, Technological Advancement in the Consumer Electronics Sector also fueling market growth. However, High availability of counterfeit products may hamper the market growth.
The market study is being classified by Type (Big-Box Retailers and Dedicated Consumer Electronics Stores), by Application (Residential, Office Buildings, School, Shopping Mall, Transportation Hub and Other) and major geographies with country level break-up.
Best Buy Co., Inc. (United States), Dixons Carphone plc (United Kingdom), Conn's Inc. (United States), Yamada-Denki Co., Ltd. (Japan), GameStop Corp. (United States), Apple (United States), Fry's Electronics (United States), Groupe Fnac Darty (France), Xiaomi (China) and GOME Electrical Appliances (China) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Consumer Electronics Stores market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Consumer Electronics Stores market by Type, Application and Region.
On the basis of geography, the market of Consumer Electronics Stores has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Penetration of the Internet
- Huge Investment in the Consumer Electronics
Market Trend
- Technological Advancement in the Consumer Electronics Sector
Restraints
- High availability of counterfeit products
Opportunities
- Growing Number of smartphone Users
- Increasing consumer disposable income and spending capacity
Challenges
- Ongoing Covid 19 Pandemic Worldwide
Key Target Audience
Consumer Electronics Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users