About Consumer Electronics and Appliances
Consumer electronics which is also known as home electronics are such electronic items that are either analog or digital devices that are used for everyday purposes, typically in private households. Consumer electronics include devices for entertainment, communication, and home-office activities. In British English, they are often referred to by manufacturers and sellers as brown goods to distinguish them from "white goods" intended for household chores such as washing machines and refrigerators, although today these are sometimes considered to be brown goods connected to the Internet. In the 2010s, this distinction was not always present in large consumer electronics stores that sell entertainment, communication, and home office equipment as well as kitchen appliances such as refrigerators. In the year 2010, majority of the consumer electronics were generally based on digital technologies as well as largely merged with the computer industry, which is increasingly referred to as the consumerization of information technology. Some consumer electronics stores have also started selling office and baby furniture. Consumer electronics stores can be "stationary" retail stores, online stores, or combinations of both. Most consumer electronics products are made in China because of the maintenance cost, availability of materials, quality, and speed, unlike other countries like the United States.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Consumer Electronics and Appliances 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.
Electrolux (Sweden), Koninklijke Philips (Netherlands), Samsung (South Korea), Robert Bosch (Germany), Whirlpool (United States), Haier (China), Midea Group (China), LG Electronics (South Korea), ACE Hardware (United States), Erajaya (Indonesia), Toshiba (Japan), Panasonic (Japan) and Sony (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Miele & Cie (Germany), SMEG (Italy), Electronic City (Indonesia), Trikomsel Oke (Indonesia), PT. Electronic City (Indonesia) and Lazada (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Consumer Electronics and Appliances market by Type (Consumer Electronics and Consumer Appliances), Application (Household and Commercial) and Region.
On the basis of geography, the market of Consumer Electronics and Appliances 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Consumer Electronics and Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Energy Efficiency, the sub-segment i.e. 3 Star will boost the Consumer Electronics and Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Smart Home Appliances, Continues Product Innovations and New Product Developments and Rising Demand for Technologically Advanced Appliances and Electronics
Market Growth Drivers:
Rising Disposable Income and Growing Purchasing Power Is Making Customers, Rising Demand of Advanced Smart Home Equipment in Urban Areas and Continuously Evolving Consumer Lifestyles
Challenges:
Availability of Numerous Substitutes
Restraints:
Volatile Demand and Continuously Changing Consumer Preferences and Fluctuations in the Raw Material Prices
Opportunities:
Key Players Are Invest On Research & Development Activities to Launch Energy Efficient Products and Growing Demand from Emerging Economies
Key Target Audience
Manufacturers of Consumer Electronics and Appliances, Suppliers and Distributors of Consumer Electronics and Appliances, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
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.