How high is the brand awareness of Best Buy in the United States?When it comes to consumer electronics online shop users, brand awareness of Best Buy is at ** percent in the United States. The survey was conducted using the concept of aided brand recognition, showing respondents both the brand's logo and the written brand name.How popular is Best Buy in the United States?In total, ** percent of U.S. consumer electronics online shop users say they like Best Buy.What is the usage share of Best Buy in the United States?All in all, ** percent of consumer electronics online shop users in the United States use Best Buy. How loyal are the customers of Best Buy?Around ** percent of consumer electronics online shop users in the United States say they are likely to use Best Buy again.What's the buzz around Best Buy in the United States?In 2024, about ** percent of U.S. consumer electronics online shop users had heard about Best Buy in the media, on social media, or in advertising over the past three months.If you want to compare brands, do deep-dives by survey items of your choice, filter by total online population or users of a certain brand, or drill down on your very own hand-tailored target groups, our Consumer Insights Brand KPI survey has you covered.

This statistic illustrates the share of Americans who shopped at Best Buy in the last 12 months as of 2021, by age. In that year, ** percent of respondents aged 18 to 29 years stated that they shopped in person at Best Buy in the last 12 months.

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

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.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

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.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.