About Online Electronics Retailing
The online electronic retailing is the sale of electronic goods and services through the internet. Electronic retailing can include electric circuits that include components such as transistors, integrated circuits, diodes, and interconnection technologies. The global online electronics retailing market contains devices that are made of electronic components and are used in households. The increasing internet penetration in emerging economies and rising growth of E-commerce are the key factors boosting the market growth
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The online electronics retailing market is expected to continue its strong growth in the coming years, fueled by technological advancements, changing consumer behaviors, and the increasing adoption of omnichannel strategies. Players who adapt to evolving trends, prioritize customer experience, and differentiate themselves through innovation will be well-positioned to thrive in this dynamic and competitive landscape. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Online Electronics Retailing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amazon (United States), Best Buy (United States), Apple (United States), Dell (United States), Staples (United States), Walmart (United States), Alibaba (China), Buydig (United States), Costco Wholesale (United States) and JD.com (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sonic Electronix (China), Vanns.com (United States) and Cox & Kings (China).
Segmentation Overview
AMA Research has segmented the market of Global Online Electronics Retailing market by Type (Consumer electronics and Consumer appliances), Application (Personal and Commerical) and Region.
On the basis of Type, Consumer electronics are dominating the market in the year 2023 where as Consumer appliances stood as second largest market share.
On the basis of application, Personal segment is dominating the market in the year 2023 where as Commercial segment stood as second largest market .On the basis of geography, the market of Online Electronics Retailing 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). Asia Pacific region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Platform, the sub-segment i.e. Website will boost the Online Electronics Retailing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Higher growth of online electronic retailing from smaller cities
Market Growth Drivers:
Increasing internet penetration in emerging economies and E-commerce empowering the growth of electronics retailing
Challenges:
Concerns about product quality
Restraints:
Security concern in online retailing
Opportunities:
Growth potential offered by developing countries
Market Leaders and their expansionary development strategies
In August 2023, Samsung teams up with TikTok to integrate influencer recommendations and live shopping experiences for its online electronics store.
In November 2023, Newegg launches its own subscription service offering members exclusive discounts, faster shipping, and early access to new products.
Key Target Audience
Online electronics retailing service provider, Wholesalers, distributers and retailers of electronic devices, End user, Governmental bodies and Market research firm
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.