Best Buy's revenue in the United States has been increasing over the highlighted period, growing from around 34 billion U.S. dollars in 2012 to over 47.8 billion U.S. dollars in 2022. However, due to the economic downturn, Best Buy's revenue decreased in FY 2024, with around 40 billion U.S. dollars generated in the U.S. Of the 43 billion U.S. dollars Best Buy generated in their 2023 financial year, a vast majority of this revenue came from their sales in the United States. Rising revenue per store Best Buy's revenue per store in the United States has been increasing in recent years, although its total number of domestic and international stores has been decreasing recently. Best Buy earns the majority of its revenue from brick and mortar store sales and has a growing presence in the e-commerce market. Best Buy is compensating for a decrease in the number of retail outlets with growing online revenues and online revenues as a share of total revenue, as the company seeks to increase its share of the United States e-commerce market. Best Buy has managed to increase its online share of overall revenue to around 20 percent. A global consumer electronics retailer Best Buy is a global retailer and developer of technology products and services. The company's products include consumer electronics, mobile products, televisions, digital cameras, e-readers, appliances, and others. Its services include installing and delivering appliances, computer and gaming setup, furniture assembly, and repair services.

Best Buy’s revenue per store and square foot in the United States fluctuated from FY 2018 to FY 2023. The company's FY 2023 revenue per store stood at around 43.76 million U.S. dollars with around 1,144 U.S. dollars in sales per square foot.

Increased revenues from less stores and square footage    

Although Best Buy’s total number of domestic and international stores have been decreasing in recent years, the company's revenue per store has been increasing. In line with fewer stores, Best Buy has also witnessed rising revenues per square foot as their overall square footage continues to decline in both domestic and international outlets.

How well can Best Buy deal with COVID-19 store impacts?   

Best Buy generates the majority of its revenue in the United States from computer, mobile phones, and consumer electronics sales. These three product categories make up almost 80 percent of Best Buy's revenue in the United States. Most consumers in the United States expect their consumption of consumer electronics to remain relatively the same despite the coronavirus outbreak, with only a small amount expecting a decrease in their consumption. Best Buy’s increasing online revenue and online revenue as a share of total revenue in recent years puts the company in the position to compensate less visits to physical stores, and therefore decreasing store sales, through the growth of e-commerce revenue.

Best Buy's online revenue increased between FY 2018 and 2022, from a little under six billion U.S. dollars in FY 2018 to around 16.4 billion in FY 2022. However, after 2022 their revenue has been dropping and in 2025 it plummeted to 12.99 billion U.S. dollars.

Best Buy Co.'s annual revenue was $41.53B in fiscal year 2025. The annual revenue decreased -$1.92B from $43.45B (in 2024) to $41.53B (in 2025), representing a -4.43% year-over-year decline.

Best Buy's global revenue has been decreasing since 2022 with the loss of around 10 billion U.S. dollars in 2024 the revenue the company generated plummeted to 41.5 billion U.S. dollars. Computing and mobile phones lead Best Buy's sales Best Buy generates almost half of its revenue from the sales of computing and mobile phones. Consumer electronics are second in line, accounting for about a third of the company's revenue. Both segments together make up nearly 75 percent of the company's revenue from domestic and international markets. Best Buy also generates revenue from appliances, entertainment, and services. The company earns the majority of its revenue from brick and mortar store sales, but also has a presence in the e-commerce market. E-commerce sales are growing Best Buy is a global retailer and developer of technology products and services. The company operates around 1,200 domestic and international outlets, with the majority of outlets located in the United States. Best Buy earns around 70 percent of its revenue from brick and mortar store sales. The number of stores and square footage in both domestic and international outlets has declined in recent years, while the company’s online revenue has grown. The growth in Best Buy’s online sales has been higher than its overall sales growth in recent years, leading to an increased share of online revenue as total revenue.

Best Buy’s sales growth has decreased the last fiscal year, from 10.3 in FY 2023 to 7.1 in FY 2024. The growth in Best Buy’s sales is mainly driven by online/e-commerce sales with the segment seeing 144.4 percent comparable online sales growth in FY 2021, up from the 17 percent in FY 2020. Best Buy’s rising online sales     The strong growth of Best Buy’s e-commerce sales in the last few years has led to an increase in the segment’s share of the company’s overall revenue. In the most recent financial year online sales made up about 33 percent of Best Buy’s revenue, a share that the company is looking to increase further in the upcoming years with the goal of gaining a higher overall market share in the U.S. e-commerce market. Today Best Buy still generates the majority of its sales from brick and mortar store sales. Best Buy stores    With over 1,000 stores in operation throughout the United States, the country is home to the majority of Best Buy stores. In line with the general decline in international stores over time , the number of Best Buy’s domestic stores has decreased, as well as their overall square footage of outlets. Closures of Best Buy’s Mobile stand-alone stores have also contributed to the company’s decreasing store count.

Best Buy's global revenue has been decreasing since 2022 with the loss of around 8 billion U.S. dollars in 2024 the revenue the company generated plummeted to 43 billion U.S. dollars. Computing and mobile phones lead Best Buy's sales Best Buy generates almost half of its revenue from the sales of computing and mobile phones. Consumer electronics are second in line, accounting for about a third of the company's revenue. Both segments together make up nearly 75 percent of the company's revenue from domestic and international markets. Best Buy also generates revenue from appliances, entertainment, and services. The company earns the majority of its revenue from brick and mortar store sales, but also has a presence in the e-commerce market. E-commerce sales are growing    Best Buy is a global retailer and developer of technology products and services. The company operates around 1,200 domestic and international outlets, with the majority of outlets located in the United States. Best Buy earns around 70 percent of its revenue from brick and mortar store sales. The number of stores and square footage in both domestic and international outlets has declined in recent years, while the company’s online revenue has grown. The growth in Best Buy’s online sales has been higher than its overall sales growth in recent years, leading to an increased share of online revenue as total revenue.

Best Buy's online revenue increased between FY 2018 and 2022, from a little under six billion U.S. dollars in FY 2018 to around 16.4 billion in FY 2022. However, after 2022 their revenue has been dropping and in 2024 it plummeted to 13.1 billion U.S. dollars.

The revenue of Best Buy Company with headquarters in the United States amounted to 43.45 billion U.S. dollars in 2023. The reported fiscal year ends on February 01.Compared to the earliest depicted value from 2019 this is a total decrease by approximately 0.19 billion U.S. dollars. The trend from 2019 to 2023 shows, however, that this decrease did not happen continuously.

The square footage of Best Buy retail stores worldwide fluctuated between 2010 and 2024. In 2024, Best Buy retail stores occupied about 40 million square feet worldwide. Best Buy is a specialty retailer of consumer electronics which was founded by Richard M. Schulze in 1966.

The gross profit of Best Buy Company with headquarters in the United States amounted to 9.6 billion U.S. dollars in 2023. The reported fiscal year ends on February 01.Compared to the earliest depicted value from 2019 this is a total decrease by approximately 0.45 billion U.S. dollars. The trend from 2019 to 2023 shows, however, that this decrease did not happen continuously.

BASE YEAR	2024
HISTORICAL DATA	2019 - 2024
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
MARKET SIZE 2023	283.24(USD Billion)
MARKET SIZE 2024	301.7(USD Billion)
MARKET SIZE 2032	500.0(USD Billion)
SEGMENTS COVERED	Product Category, Sales Channel, Consumer Demographics, Pricing Strategy, Regional
COUNTRIES COVERED	North America, Europe, APAC, South America, MEA
KEY MARKET DYNAMICS	Increasing online shopping adoption, Mobile commerce growth, Wide product variety, Competitive pricing strategies, Enhanced customer experience
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Alibaba, Amazon, Lenovo, Target, Samsung, Microsoft, LG, Apple, Best Buy, eBay, Sony, Walmart, Newegg, Dell, HP
MARKET FORECAST PERIOD	2025 - 2032
KEY MARKET OPPORTUNITIES	Increased mobile shopping adoption, Expansion of smart home devices, Growth in sustainable electronics, Enhanced personalized shopping experiences, Rising demand for tech accessories
COMPOUND ANNUAL GROWTH RATE (CAGR)	6.52% (2025 - 2032)

The refurbished appliance market share is estimated to expand at a CAGR of 13.60% over the assessment period. In 2024, the market is expected to generate a revenue worth US$ 9,809.5 million. By 2034, the market size is forecast to expand to US$ 35,109.9 million.

Attributes	Key Insights
Market Size in 2024	US$ 9,809.5 million
Market Value in 2034	US$ 35,109.9 million
Value-based CAGR from 2024 to 2034	13.60%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

Historical CAGR (2019 to 2023)	13.10%
Forecasted CAGR (2024 to 2034)	13.60%

Country-wise Analysis

Countries	Forecast CAGRs from 2024 to 2034
The United States	8.40%
Germany	9.10%
China	15.90%
India	16.70%
Japan	16.20%

Category-wise Insights

Category	Market Share
Home Appliance	59%
Commercial	53.4%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 9,809.5 million
Projected Market Valuation in 2034	US$ 35,109.9 million
Value-based CAGR 2024 to 2034	13.6%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ million
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East and Africa
Key Market Segments Covered	Product Type End User Sales Channel Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Russia Poland Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC countries South Africa Israel
Key Companies Profiled	Reebelo Back Market Amazon Renewed Best Buy Outlet Walmart Renewed eBay Refurbished Newegg Renewed RefurbKing FactoryPure Sears Outlet Wayfair Outlet B&H Refurbished Appliance AJ Madison Outlet Costco Renewgoo

According to Cognitive Market Research, the global Horse Equipment market size is USD 2251.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 900.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 675.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 517.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 112.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 45.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The performance held the highest Horse Equipment market revenue share in 2024

Market Dynamics of Horse Equipment Market

Key Drivers for Horse Equipment Market

Rising Participation in Equestrian Activities to Propel the Market Revenue Growth

The need for top-notch horse equipment is driven by rising interest in and involvement in equestrian activities, including dressage, eventing, show jumping, and horse racing. The market for specialist equipment and clothing grows as more individuals participate in these activities for competition, leisure, or recreation. For instance, according to the Georgia Agricultural Commodity Commission for Equine, roughly 4.6 million Americans are employed in some capacity by the horse industry. For just nine million American horses, the horse industry generates an annual economic effect of $39 billion. In the United States, 27 million individuals ride horses annually.

Rising Disposable Income of Population to Propel Market Growth

The market for horse equipment is expanding as a result of increased levels of disposable income and prosperity in emerging economies. People are more likely to invest in equestrian sports and buy top-notch equipment for themselves and their horses as their purchasing power increases. For instance, according to secondary analysis, the United States' per capita disposable personal income is currently $61579.00, up from $61449.00 in the previous month and $59439.00 in the previous year. This represents a 3.60% change from a year ago and a change of 0.21% from last month.

Source: ycharts.com/indicators/us_disposable_personal_income_per_capita

Restraint Factor for the Horse Equipment Market

Seasonal Demand to Limit the Expansion of the Market

Seasonal fluctuations can be seen in the horse equipment market, with demand usually reaching its highest point in certain seasons, such as the spring and summer when shows, competitions, and recreational riding are most common. To satisfy varying demand throughout the year, manufacturers and retailers may encounter difficulties in controlling inventory levels and maximizing production capacity. Thus, the seasonal demand for horse equipment might be a major restraining factor for the market growth during the forecast period.

Impact of Covid-19 on the Horse Equipment Market

The COVID-19 pandemic has had both positive and negative impacts on the horse equipment market, reshaping consumer behavior, supply chain dynamics, and market trends. During periods of lockdowns and social distancing measures, many people turned to outdoor recreational activities, including horseback riding and equestrian sports, as a way to stay active while adhering to safety guidelines. This surge in interest boosted demand for horse equipment, such as saddles, bridles, and riding apparel, as individuals sought to engage in outdoor pursuits. Moreover, the pandemic accelerated the shift towards online shopping and e-commerce platforms, as consumers sought convenient and contactless ways to purchase goods. Equestrian retailers and manufacturers with robust online presence experienced growth in online sales of horse equipment, harnessing the power of digital channels to reach customers and fulfill orders amidst store closures and restrictions on in-person shopping. Introduction of the Horse Equipment Market

Horse equipment refers to the var...

BASE YEAR	2024
HISTORICAL DATA	2019 - 2024
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
MARKET SIZE 2023	2067.13(USD Billion)
MARKET SIZE 2024	2111.16(USD Billion)
MARKET SIZE 2032	2500.0(USD Billion)
SEGMENTS COVERED	Retail Format, Product Category, Sales Channel, Customer Demographics, Regional
COUNTRIES COVERED	North America, Europe, APAC, South America, MEA
KEY MARKET DYNAMICS	Rapid digital transformation, Changing consumer preferences, Growth of e-commerce platforms, Increasing demand for convenience, Expansion of discount retailers
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	CVS Health, Amazon, Best Buy, Tesco, Schwarz Group, Metro AG, Kroger, IKEA, Walgreens, Target, The Home Depot, Aldi, Lowe's, Costco Wholesale, Walmart
MARKET FORECAST PERIOD	2025 - 2032
KEY MARKET OPPORTUNITIES	E-commerce integration for efficiency, Sustainable retail practices adoption, Expansion in emerging markets, Personalized shopping experiences technology, Omnichannel strategy implementation
COMPOUND ANNUAL GROWTH RATE (CAGR)	2.13% (2025 - 2032)

In 2023, U.S. electronics and appliance store sales amounted to about roughly 91.4 billion U.S. dollars. Best Buy has become one of the biggest consumer electronics retailers in the world. The multinational retailer sells both products and services through three primary channels: retail stores, online, and call centers. Best Buy generated a global revenue around 46.3 billion U.S. dollars in the 2023 fiscal year.

BASE YEAR	2024
HISTORICAL DATA	2019 - 2024
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
MARKET SIZE 2023	26.49(USD Billion)
MARKET SIZE 2024	27.84(USD Billion)
MARKET SIZE 2032	41.5(USD Billion)
SEGMENTS COVERED	Product Type, Condition, Distribution Channel, End User, Regional
COUNTRIES COVERED	North America, Europe, APAC, South America, MEA
KEY MARKET DYNAMICS	Sustainability trends, Cost-effective alternatives, Rapid technological advancements, Increased online sales, Consumer trust and quality assurance
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	B and H Photo Video, Lenovo, Amazon, Target, Samsung, Microsoft, Apple, Best Buy, eBay, Sony, Newegg, HP, Dell, Walmart, Asus
MARKET FORECAST PERIOD	2025 - 2032
KEY MARKET OPPORTUNITIES	Growing demand for budget-friendly tech, Rising consumer interest in sustainability, Expansion of online resale platforms, Increasing warranty and certification offerings, Enhanced product quality assurance standards
COMPOUND ANNUAL GROWTH RATE (CAGR)	5.11% (2025 - 2032)

The net income of Best Buy Company with headquarters in the United States amounted to 1.2 billion U.S. dollars in 2016. The reported fiscal year ends on February 01.Compared to the earliest depicted value from 2012 this is a total increase by approximately 1.6 billion U.S. dollars. The trend from 2012 to 2016 shows, however, that this increase did not happen continuously.

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 537 billion U.S. dollars. OLED TVs were forecast to generate 2.3 billion U.S. dollars in revenue in 2023. Portable gaming consoles were expected to generate 1.5 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 43.5 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 12.3 percent in 2021, before fluctuating in the following years.

The Americas are Apple’s largest regional market, bringing in net sales of 52.65 billion U.S. dollars in the first quarter of the company’s 2025 fiscal year. Europe and Greater China are two other major markets for Apple. U.S.: Apple’s biggest market The high revenue generated from the Americas is largely due to Apple’s strong performance in their home market, the United States. Apple has the largest market share among smartphone vendors in the U.S. by a large margin. Although international sales have a growing share of Apple’s total revenue, the U.S. still counts for around 42 percent of Apple’s net sales. The U.S. also has the highest concentration of Apple stores, which is Apple’s own chain of retail stores that showcase and sell Apple’s various products including the iPhone, iPad, Apple Watch, among others. iPhone: Apple’s most profitable product The iPhone, initially released in 2007, became Apple’s most successful product: The share of iPhone sales consistently amount to more than 55 percent of Apple’s overall share of sales. The early generations of iPhone revolutionized the mobile phone industry and popularized the use of smartphones. Now in the 18th generation, the new iPhone 16 Pro and 16 Pro Max continue to contribute to the success of Apple’s signature product, helping push for year-on-year iPhone sales growth despite the economic recession we are experiencing.