Online Electronics Retailing Market Outlook

The global online electronics retailing market size was valued at approximately $320 billion in 2023 and is projected to reach around $590 billion by 2032, with a compound annual growth rate (CAGR) of 7.1%. The primary growth factor driving this market is the increasing penetration of the internet and the rising inclination towards online shopping among consumers worldwide.

The surge in smartphone users globally has revolutionized the way consumers shop, contributing significantly to the growth of the online electronics retailing market. The convenience of shopping from anywhere at any time, coupled with the availability of a wide array of electronic products online, has attracted a vast number of consumers to this market. Moreover, the growing popularity of e-commerce platforms and the integration of advanced technologies such as artificial intelligence and augmented reality in online shopping experiences have further fueled market expansion.

Another key growth factor is the ongoing digital transformation across various industries, which has increased the demand for electronic products such as laptops, tablets, and peripherals. The rise of remote work and online education due to the COVID-19 pandemic has also led to a significant spike in the demand for consumer electronics. Additionally, the competitive pricing and attractive discounts offered by online retailers have made online shopping a more appealing option for consumers, further driving market growth.

Furthermore, the increasing investments in online retail infrastructure and logistics by major e-commerce giants are expected to enhance the efficiency and reliability of online electronics retailing. Companies are focusing on optimizing their supply chain management and delivery services to provide a seamless shopping experience to consumers. The growing adoption of secure and convenient online payment methods is also contributing to the increased consumer confidence in online shopping, thereby supporting market growth.

Regionally, North America and Asia Pacific are the leading markets for online electronics retailing. North America, particularly the United States, is witnessing robust growth due to the high internet penetration and the presence of major e-commerce players. Meanwhile, in the Asia Pacific region, countries like China and India are experiencing exponential growth in online retailing due to the massive consumer base, rapid urbanization, and increasing disposable incomes. Europe and Latin America are also emerging as significant markets, driven by technological advancements and increased consumer awareness.

Product Type Analysis

In the realm of online electronics retailing, the product type segment encompasses consumer electronics, home appliances, computers and peripherals, mobile devices, and others. Each of these sub-segments plays a critical role in shaping the overall market dynamics. Consumer electronics, including items such as televisions, audio equipment, and gaming consoles, constitute a significant portion of the market. The growing consumer interest in high-quality entertainment systems and smart home devices has propelled the demand for these products. The trend towards home automation and smart living solutions further accentuates the growth of this sub-segment.

Home appliances, covering a spectrum of products from refrigerators to washing machines and air conditioners, have also witnessed substantial online sales growth. As consumers increasingly prefer the convenience of purchasing bulky items online, major retailers have responded by offering extensive delivery and installation services. The rise in smart home appliances, equipped with IoT technology, has also catalyzed this market segment. The convenience of comparing features, prices, and reviews online has made it easier for consumers to make informed purchasing decisions.

Computers and peripherals, including laptops, desktops, printers, and other accessories, represent another crucial segment. The shift towards remote work and online learning has significantly boosted the demand for these products. The availability of a wide range of options and the ease of customization have made online platforms a preferred choice for purchasing computers and peripherals. Additionally, the frequent introduction of new technologies and upgrades by manufacturers keeps this market segment dynamic and continuously growing.

Mobile devices, encompassing smartphones, tablets, and wearable technology, are perhaps the most

The Electronics Retailing Market report segments the industry into By Product (Smartphones, Laptops, Tablets, Television, Home Appliances), By Distribution Channel (Retailer Websites, Online Marketplaces, Third-Party Retailers), and By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). Includes five years of historical data with five-year forecasts.

The Consumer Electronics Retailers Market report segments the industry into By Retail Channel (Standalone Stores, Shopping Malls, Brand-owned Websites, Third-party E-commerce Platforms, Omni-Channel Retailers, Other Retails Channels), By Application (Residential, Commercial), By Distribution Channel (Offline, Online), and By Geography (North America, South America, Europe, Asia Pacific, Middle East & Africa).

Global Online Electronics Retailing market size 2025 was XX Million. Online Electronics Retailing Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global consumer electronics retail market, valued at $1.27 trillion in 2025, is projected to experience steady growth, driven by increasing disposable incomes, particularly in developing economies, and the continuous innovation in consumer electronics. The market's Compound Annual Growth Rate (CAGR) of 4.56% from 2025 to 2033 indicates a substantial expansion, fueled by the rising demand for smartphones, smart home devices, wearables, and other advanced electronics. Key growth drivers include the increasing adoption of e-commerce, the rise of omnichannel retail strategies, and the ongoing technological advancements leading to more sophisticated and feature-rich products. The market is segmented by retail channel (standalone stores, shopping malls, online platforms, etc.), application (residential, commercial), and distribution channel (offline, online). While the dominance of established players like Best Buy, Amazon, and Walmart remains strong, the market is also witnessing the emergence of specialized online retailers and niche players catering to specific consumer segments. This competitive landscape necessitates agile strategies to adapt to changing consumer preferences and technological disruptions. Geographic variations are expected, with North America and Asia-Pacific likely to maintain significant market shares due to robust consumer spending and technological adoption. However, growth opportunities exist in other regions as consumer purchasing power increases and infrastructure improves. The ongoing expansion of the consumer electronics retail market is partially offset by factors like economic fluctuations and the increasing saturation of certain product categories. Concerns about e-waste and environmental sustainability are also gaining traction, influencing consumer buying decisions and prompting manufacturers and retailers to adopt more eco-friendly practices. Furthermore, the intense competition within the sector necessitates continuous innovation, strategic partnerships, and robust supply chain management to ensure profitability and market share. The shift towards subscription-based services and the growing importance of customer experience are also reshaping the competitive dynamics. Successfully navigating this complex landscape requires a deep understanding of evolving consumer behavior, technological trends, and regulatory developments. Companies are investing heavily in personalized marketing, improved logistics, and enhanced customer service to gain a competitive edge in this dynamic and rapidly evolving market. Recent developments include: In February 2023, MediaMarktSaturn and the Nordic electronic retailer Power International AS reached an agreement concerning the divestment of MediaMarktSaturn's Swedish business., In January 2022, Hazel, the fintech startup, was launched in collaboration with Walmart and the prominent investment firm Ribbit Capital., In January 2022, the Chinese online retail giant JD.com launched its inaugural physical stores in Europe. Operating under the brand name Ochama, these stores are situated in Leiden and Rotterdam in the Netherlands, with two additional locations scheduled for Amsterdam and Utrecht.. Key drivers for this market are: Growing Popularity of Entertainment and Gaming, Accessibility and Convenience of Online Shopping Platforms. Potential restraints include: Growing Popularity of Entertainment and Gaming, Accessibility and Convenience of Online Shopping Platforms. Notable trends are: The Accessibility and Convenience of Online Shopping Platforms Increase Market Demand.

The retail landscape has undergone a substantial digital transformation over the past few years due to the COVID-19 pandemic, which is why the Online Consumer Electronics Sales industry has flourished. Increasing acceptance of online shopping has sustained robust industry growth. Online retailers’ ability to provide products at lower pricepoints than traditional consumer electronics retailers has enabled the industry to better withstand poor economic conditions. Online computer electronic product purchases are considered a cost-effective alternative to purchasing from traditional bricks-and-mortar stores. Yet, weakening consumer sentiment and the cost-of-living crisis have partly restricted consumer demand and expenditure on industry products recently. Falling real household discretionary income has encouraged more bargain seekers and propelled sales of versatile electronics like mobile phones instead of big-ticket items like home entertainment products, boosting industry revenue. Industry revenue is set to climb at an annualised 5.9% over the few years through the end of 2024-25, to $4.5 billion. This trend includes anticipated growth of 1.7% through the end of 2024-25; a more modest result than previous years as consumers become more price-conscious. Retailers have benefited from significant technological change, driving revenue growth. Continued innovation among electronic devices has supported demand. Alongside intense price-based competition, online retailers’ lower operating costs compared to traditional bricks-and-mortar retailers have ensured cost savings for consumers but have diminished operators’ profit as a share of revenue. A rise in industry revenue has prompted traditional retailers like JB Hi-Fi to invest heavily in their online sales channels, boosting their market share. Online-focused retailers like Amazon have invested more in distribution efficiency, resulting in a rapid growth in market share. Overall, revenue is set to rise by an annualised 5.6% over the coming years through the end of 2029-30, to $5.9 billion. Industry participation is set to dip due to more intense price wars, with unprofitable, small-scale retailers exiting the industry. Improved data connectivity and continuous product innovation are poised to facilitate demand for consumer electronics that capitalise on increased data speeds as consumers update their existing hardware. Higher sales volumes of modern technology will likely boost industry profitability.

Although slightly declining from 2020, e-commerce still highly contributes to the consumer electronics market in Italy. In 2021, online sales made up **** percent of the total consumer electronics retail market, marking a change of pace compared to pre-pandemic times. In the first half of 2019, e-commerce accounted for just **** percent of this segment's sales value.

The retail revenue of the consumer electronics (CE) market in the United States constantly increased during the period from 2012 to 2021. Based on the projected retail sales for 2025, consumer electronics retail sales in the United States will reach *** billion U.S. dollars. OLED TVs were forecast to generate *** billion U.S. dollars in revenue in 2023. Portable gaming consoles were expected to generate *** billion U.S. dollars. Retailers   The United States offers a wide range of electronics retailers, both stores and online retailers. Examples are BestBuy, which generated revenues of around **** billion U.S. dollars in 2024, Walmart, Target, and the e-commerce platform Amazon. Other popular retailers in the country include Apple, Lenovo, and Dell.   Fluctuation in the U.S. consumer electronics industry   The consumer electronics industry in the United States has been increasing annually since the coronavirus pandemic hit the globe in 2020. After that, the industry grew by **** percent in 2021, before fluctuating in the following years.

The consumer electronics retail market is experiencing robust growth, driven by increasing disposable incomes, particularly in developing economies, and the continuous innovation in consumer electronics. The market's expansion is fueled by the rising demand for smartphones, smart home devices, wearables, and high-end audio equipment. Online retail channels are witnessing significant expansion, fueled by the convenience and accessibility they offer consumers. However, this growth is not uniform across all segments. While the online retail segment is experiencing rapid growth, offline retail continues to play a significant role, particularly for products requiring hands-on experience or immediate delivery. Competition is fierce, with established players like Amazon, Best Buy, and Apple competing with regional retailers and specialized electronics stores. Pricing strategies, brand loyalty, and effective after-sales service are key differentiators in this competitive landscape. The market is segmented by application (camera, phone, computer, others) and retail channel (online and offline), providing diverse opportunities for businesses of various sizes. Geographic expansion remains a key focus for many companies, with growth prospects particularly strong in Asia-Pacific and developing regions of South America and Africa. Sustained technological advancements and the introduction of innovative products are expected to maintain the market's positive trajectory. The future growth of the consumer electronics retail market will depend on several factors. The adoption rate of new technologies, such as 5G connectivity and artificial intelligence, will significantly impact demand. Economic stability and consumer confidence also play crucial roles. Furthermore, effective supply chain management and strategies to mitigate the impact of potential geopolitical disruptions will be critical for sustained growth. The increasing focus on sustainability and environmentally friendly products will also influence consumer choices. Companies are actively investing in research and development to improve product longevity and reduce environmental impact, contributing to a more sustainable consumer electronics ecosystem. Market segmentation will become increasingly important for retailers to precisely target consumer needs and preferences within distinct demographics and geographic locations.

The global consumer electronics retail market is experiencing steady growth, projected to reach a market size of $1.27 trillion in 2025, with a Compound Annual Growth Rate (CAGR) of 4.56% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing affordability and accessibility of advanced consumer electronics, particularly smartphones and smart home devices, fuels demand across diverse demographics. Secondly, evolving consumer preferences towards premium features, innovative technologies, and seamless online-offline shopping experiences are shaping market dynamics. The rise of e-commerce platforms and omnichannel retail strategies further accelerates market growth, offering consumers greater convenience and choice. Finally, technological advancements continuously introduce new products and services, creating a cycle of upgrades and replacement purchases, bolstering market revenue. However, challenges remain. Intense competition among established players like Best Buy, Amazon, Walmart, and Apple, alongside the emergence of new online retailers, puts pressure on profit margins. Supply chain disruptions and fluctuating component costs also impact the industry's stability. Furthermore, concerns surrounding e-waste management and the environmental impact of rapidly changing electronics represent significant long-term obstacles that retailers must navigate responsibly. Market segmentation, while not explicitly provided, likely includes categories such as online versus brick-and-mortar retail, product type (smartphones, TVs, laptops, etc.), and geographic region. Successful players will need to effectively manage inventory, optimize pricing, and focus on superior customer service to thrive in this dynamic and competitive landscape. Key drivers for this market are: Growing Popularity of Entertainment and Gaming, Accessibility and Convenience of Online Shopping Platforms. Potential restraints include: Growing Popularity of Entertainment and Gaming, Accessibility and Convenience of Online Shopping Platforms. Notable trends are: The Accessibility and Convenience of Online Shopping Platforms Increase Market Demand.

This statistic depicts the forecasted electronic retail (e-tail) market size of consumer electronics and appliances in India from 2020 to 2030. According to the source, the value of the e-tail market for consumer electronics and appliances in India was projected to reach around ** trillion Indian rupees by 2030.

The global electricals and electronics retail market is a dynamic and rapidly evolving sector, characterized by significant growth driven by increasing consumer spending on electronics, technological advancements, and the rise of e-commerce. The market size in 2025 is estimated at $1.5 trillion, reflecting a considerable expansion from previous years. This robust growth is fueled by several key factors. Firstly, the continuous innovation in consumer electronics, including smartphones, smart home devices, and wearables, consistently drives demand. Secondly, the expanding middle class in emerging economies, particularly in Asia-Pacific, presents a substantial untapped market potential. Finally, the seamless integration of online and offline retail channels creates a hybrid shopping experience, catering to diverse consumer preferences. However, market growth is not without its challenges. Economic downturns, supply chain disruptions, and intense competition among established players and emerging online retailers can pose significant restraints. Market segmentation reveals a strong demand across both household appliances and consumer electronics, with online retail steadily gaining market share against traditional brick-and-mortar stores. Leading companies like Amazon, Best Buy, and others are actively adapting their strategies to navigate these challenges and capitalize on emerging opportunities. The forecast period of 2025-2033 projects continued growth, albeit at a more moderate CAGR of around 5%. This slower pace compared to previous years is largely attributed to the market reaching a certain level of maturity and saturation in developed economies. However, sustained growth is expected in emerging markets, where penetration rates remain relatively low. The market segmentation will continue to evolve, with a greater emphasis on omnichannel strategies that blend physical and digital experiences. Furthermore, sustainability concerns and the growing preference for energy-efficient appliances are reshaping consumer preferences, influencing product development and marketing strategies within the sector. Companies must prioritize innovation, supply chain resilience, and customer experience to maintain their competitive edge in this evolving landscape. Regional variations will persist, with North America and Asia-Pacific continuing to dominate the market share due to their substantial consumer bases and strong technological adoption rates.

Consumer Electronics E-commerce Market Outlook

According to our latest research, the global Consumer Electronics E-commerce market size reached USD 641.2 billion in 2024, driven by the rapid adoption of digital channels and rising internet penetration worldwide. The market is expected to expand at a robust CAGR of 13.1% from 2025 to 2033, reaching an estimated USD 1,751.8 billion by 2033. This remarkable growth is primarily attributed to evolving consumer purchasing patterns, the proliferation of smartphones, and the increasing convenience offered by online retail platforms.

One of the most significant growth factors propelling the Consumer Electronics E-commerce market is the widespread adoption of smartphones and high-speed internet connectivity. As more consumers gain access to affordable mobile devices and broadband services, there is a notable shift in shopping behavior from traditional brick-and-mortar stores to online platforms. The availability of a vast array of electronic products, combined with the convenience of home delivery and easy returns, has made e-commerce the preferred channel for purchasing consumer electronics. Additionally, the rise of digital payment solutions and the integration of advanced technologies such as artificial intelligence and augmented reality for product visualization are enhancing the overall online shopping experience, further fueling market growth.

Another critical driver of market expansion is the growing influence of e-commerce giants and specialized consumer electronics retailers. Companies like Amazon, Alibaba, Flipkart, and Best Buy have revolutionized the way electronic products are marketed and sold, leveraging data analytics and personalized marketing to target specific consumer segments. These platforms offer competitive pricing, exclusive deals, and a wide selection of products, attracting price-sensitive and tech-savvy consumers alike. Furthermore, the increasing frequency of online sales events such as Black Friday, Cyber Monday, and regional shopping festivals has significantly contributed to the surge in online sales volumes, encouraging both established brands and emerging players to invest heavily in their e-commerce capabilities.

The ongoing digital transformation across industries has also played a pivotal role in shaping the Consumer Electronics E-commerce market. Businesses are increasingly adopting e-commerce solutions to streamline their operations, expand their customer base, and enhance supply chain efficiency. This trend is particularly evident in the commercial segment, where organizations are procuring bulk electronics such as laptops, tablets, and audio devices for remote work and collaboration. The integration of omnichannel strategies, which combine online and offline touchpoints, is further blurring the lines between physical and digital retail, enabling retailers to offer a seamless and personalized shopping journey. As a result, the market is witnessing robust growth across both individual and commercial end-user segments.

Regionally, Asia Pacific continues to dominate the Consumer Electronics E-commerce market, accounting for the largest share in 2024. This dominance is underpinned by the region’s massive population, rapid urbanization, and the burgeoning middle class with rising disposable incomes. Countries such as China, India, and Southeast Asian nations are leading the charge, driven by aggressive investments in digital infrastructure and favorable government policies promoting e-commerce. North America and Europe also represent significant markets, characterized by high internet penetration rates and a mature e-commerce ecosystem. Meanwhile, Latin America and the Middle East & Africa are emerging as high-growth regions, supported by increasing digital literacy and expanding mobile internet coverage.

Product Type Analysis

The Consumer Electronics E-commerce market is highly segmented by product type, encompassing smartphones, laptops & tablets, audio devices, wearables, cameras, televisions

Stay updated with Market Research Intellect's Online Electronics Retailing Market Report, valued at USD 500 billion in 2024, projected to reach USD 800 billion by 2033 with a CAGR of 6.5% (2026-2033).

Consumer electronics stores are navigating a complex landscape characterized by evolving consumer behaviors, economic fluctuations and technological advancements. In recent years, consumers have integrated electronics into their daily lives, seeking convenient products that fulfill specific needs. This surge was particularly evident during 2020 and 2021 when e-commerce sales spiked, as consumers grew comfortable purchasing high-value electronics online. However, sales remain susceptible to economic fluctuations, as evidenced by the sharp revenue loss when discretionary spending plummeted. The industry's revenue currently stands at $160.6 billion, buoyed by a modest 1.4% growth rate in 2025, while profit has stabilized at 3.9%. As retailers continue to adapt, they must grapple with macroeconomic challenges and the imperative to stay competitive in an increasingly digital marketplace. Over the past five years, the consumer electronics stores industry has experienced a modest growth trajectory at a CAGR of 3.0%. The rapid gains in consumer confidence, driven by near-zero interest rates and accelerating housing starts, temporarily boosted sales. As consumers outfitted new homes with appliances, industry revenue rallied, yet this recovery wasn't without its challenges. Interest rate hikes in 2022 and 2023 put pressure on the residential construction sector, dampening demand for new electronics tied to housing. Intensified competition from large-format and online retailers like Walmart and Amazon, coupled with supply chain disruptions and inflation, put smaller specialized stores at a disadvantage. Despite these hurdles, shifting consumer preferences towards digital media and podcasts have spurred demand for specific categories like cameras and audio equipment, partially offsetting declines in other areas. Looking ahead, the industry faces a more tempered growth trajectory. With revenue growth at a slower CAGR of 1.3%, reaching $171.5 billion in 2030, consumer electronics stores will confront various challenges. Ongoing trade tensions, fueled by tariffs on Chinese goods and potential tariffs on Canadian and Mexican imports, heighten economic uncertainty and can inflate operational costs. As consumers become more price-sensitive amid these pressures, retailers must prioritize competitive pricing strategies and expansive online platforms to remain viable. Also, new technological developments and SaaS's rise pose threats to traditional retail models. To thrive over the next five years, the industry must embrace innovation, streamline supply chains and capitalize on emerging consumer trends, ensuring they cater to essential electronics needs and discretionary demands driven by lifestyle aspirations.

Consumer Electronics Retail Market Outlook

The global consumer electronics retail market size is projected to grow from USD 1.2 trillion in 2023 to USD 1.8 trillion by 2032, exhibiting a CAGR of 4.5% during the forecast period. This growth is driven by the rapid advancements in technology and increasing consumer demand for the latest gadgets and devices. The proliferation of smart homes, the Internet of Things (IoT), and the increasing disposable incomes across various regions contribute substantially to this market's expansion. Additionally, the rising trend of online shopping and the integration of artificial intelligence in retail are further accelerating the market growth.

One of the primary growth factors of the consumer electronics retail market is the continuous innovation in product offerings. Manufacturers are consistently launching new and improved versions of consumer electronics, which drives repeat purchases and upgrades among consumers. For instance, the smartphone market sees frequent releases of new models with advanced features such as better cameras, faster processors, and enhanced connectivity options. This constant innovation keeps consumers engaged and eager to adopt the latest technologies, thereby propelling market growth.

Another significant growth driver is the increasing penetration of the internet and the expansion of e-commerce platforms. The convenience and ease of shopping online have revolutionized the retail landscape, making it easier for consumers to purchase electronics from the comfort of their homes. Online retailers often offer competitive prices, a wide range of products, and detailed customer reviews, which aid in informed purchasing decisions. The rise of mobile commerce, facilitated by the widespread use of smartphones, has further boosted the online sales of consumer electronics.

Moreover, the growing trend of smart homes and connected devices is contributing to the expansion of the consumer electronics retail market. Consumers are increasingly adopting smart home devices such as smart speakers, thermostats, and security systems that can be controlled remotely via smartphones or voice assistants. This trend is driving the demand for interconnected devices that offer convenience, energy efficiency, and enhanced security. As more households integrate smart technologies, the demand for consumer electronics that support these ecosystems is expected to surge.

From a regional perspective, Asia Pacific holds a significant share in the consumer electronics retail market, driven by countries like China, India, and Japan. The region's large population, rising disposable incomes, and rapid urbanization contribute to the high demand for consumer electronics. North America and Europe also represent substantial markets, characterized by high consumer spending and technological adoption. Latin America and the Middle East & Africa are emerging markets with increasing purchasing power and growing middle-class populations, presenting lucrative opportunities for market players.

Product Type Analysis

The product type segment of the consumer electronics retail market encompasses various categories such as smartphones, laptops, tablets, televisions, wearable devices, and others. Smartphones, being one of the most widely used consumer electronics products, dominate this segment. The constant innovation in smartphone technology, including advancements in camera quality, battery life, and processing power, continues to drive their demand. Additionally, the introduction of 5G technology is expected to further boost the smartphone market as consumers seek devices that support faster and more reliable connectivity.

Laptops and tablets also represent significant portions of the consumer electronics retail market. Laptops are essential for both personal and professional use, and their demand has surged with the increase in remote work and online education. Manufacturers are focusing on enhancing laptop features such as portability, battery life, and processing capabilities to cater to the evolving needs of consumers. Tablets, which offer a blend of the functionalities of smartphones and laptops, are popular among users seeking versatility and convenience.

Televisions are another major category within the product type segment. The demand for high-definition, smart, and ultra-high-definition (UHD) televisions has been rising steadily. Smart TVs, which offer internet connectivity and access to streaming services, have become a household staple, driving the television market. The shift towards larger

This chart provides a detailed overview of the number of Consumer Electronics online retailers by Monthly Sales. Most Consumer Electronics stores' Monthly Sales are Less than $100.00, there are 47.08K stores, which is 94.81% of total. In second place, 1.64K stores' Monthly Sales are $10.00M to $100.00M, which is 3.30% of total. Meanwhile, 478 stores' Monthly Sales are $100.00K to $1.00M, which is 0.96% of total. This breakdown reveals insights into Consumer Electronics stores distribution, providing a comprehensive picture of the performance and efficient of online retailer.

In 2020 Amazon still remains as the leading consumer electronics retailer in the United States, generating sales revenues in excess of ** billion U.S. dollars. Online sales of consumer electronics are growing, but as online retailers such as Amazon begin to offer a wider range of products such as groceries, consumer electronics devices are making up a smaller and smaller portion of total ecommerce sales. Consumer Electronics Industry In recent years, the market, once dominated by household radios and television sets, has branched out into a massive range of different offerings. As technology advances and new devices such as smart wearables and virtual reality devices have entered the market, the consumer electronics industry has continued to grow. The smartphones bring in the largest revenue from consumer electronic sales worldwide. Amazon, the future of retail With net sales revenues in the hundreds of billions of U.S. dollars, Amazon has quickly become one of the world’s largest retailers. As Amazon’s retail business has become increasingly successful it has begun to diversify into manufacturing its own products such as Amazon echo speakers, as well as operating brick-and-mortar retail locations.

Consumer electronics stores have exhibited mixed performance in recent years. Electronics retailers offer a broad spectrum of goods, including TVs, computers, tablets, refrigerators, washing machines and blenders. Stores have struggled because of strong competition from mass merchandisers, including discount retailers and department stores and the continued rise of e-commerce outlets. The large shift in consumer spending from services to goods during the pandemic unexpectedly boosted revenue in 2020 as demand for consumer electronics rose. However, this wasn't enough to offset the overall slump in revenue caused by strong external competition and unfavourable macroeconomic conditions. Revenue for consumer electronics stores is expected to dip at a CAGR of 1.2% to $15.6 billion through the end of 2024, despite a forecast increase of 0.1% that year alone. Consumer electronics stores have endured a steady decline over the past decade, as many stores have struggled to attract customers since the growing prominence of online retailers and mass merchandisers. These competitors offer very competitive prices and sometimes have a wider variety of goods. Large stores, like Best Buy, have begun restructuring their businesses by closing unprofitable stores, shifting their focus to maintaining smaller stores and entering a strategic partnership with The Source, another major consumer electronics store. Many electronics stores have also begun emphasizing customer service by offering more interactive shopping experiences. Increased external competition and changing consumer preferences have contributed to a decline in profit in recent years. Moving forward, revenue for consumer electronics stores is forecast to recover modestly as stores benefit from their investments in online platforms. Stores like Best Buy will be poised to compete with the likes of Amazon and Walmart to win online business. Still, revenue is expected to remain far below its 2007 peak. Economic growth will intensify competition among retailers to secure a sizeable consumer electronics market share. The price-based competition will intensify, which will further diminish profitability. Revenue is expected to climb at a CAGR of 1.6% to $16.9 billion through the end of 2029.

Global Electronic Product Retailing market size is expected to reach $2019.7 billion by 2029 at 5.7%, segmented as by business-to-business retailing, wholesale distribution, online b2b platforms, direct sales, procurement services