The major players in the consumer electronics market are Alibaba, Amazon, JD. com, eBay, Shopify, Rakuten, Walmart, Newegg, Target and Flipkart. The global consumer electronics e-commerce market is expected to rise from $473.

New York, June 01, 2022 (GLOBE NEWSWIRE) — Announces Release of “Consumer Electronics E-Commerce Global Market Report 2022” –
$21 billion in 2021 to $539.46 billion in 2022 at a compound annual growth rate (CAGR) of 14%. The market is expected to reach $825.39 billion in 2026 at a compound annual growth rate (CAGR) of 11.2%.

The consumer electronics market includes sales of electronic goods which include video products such as televisions, navigation products, digital cameras and their accessories, digital camcorders and their accessories, e-readers, DVD players and Blu-ray, audio products such as MP3 players and accessories. , home theater audio systems and components, musical instruments and mobile electronic devices, etc. The market consists of revenues generated by establishments from the sale of these video and audio electronic devices.

E-commerce refers to businesses, corporations and individuals who sell goods or services electronically.

The main consumer electronics products are video products, audio products and other products. Video products means an electronic device enclosed in a single enclosure, having an integrated power supply, connected to a mains supply and designed solely to produce or record, or both, audio and video signals, to or from digital media. or analog.

The different business models are business to business (B2B) and business to consumer (B2C). The different pricing models involved are low-cost products, mid-cost products, and high-end products.

North America was the largest consumer electronics market region in 2021. Asia-Pacific was the second largest consumer electronics market region.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Consumers are shifting from offline to online shopping, and this factor is the major driver of the consumer electronics e-commerce market. Globally, nearly 53% of the world’s population (over 4 billion people) is connected to the Internet, and almost all of them (92.6%) connect using their mobile devices. Internet connectivity has offered an opportunity for hassle-free shopping – anytime, anywhere. Internet accessibility, mobile technology and digital innovations are changing consumer shopping experiences. With increasing customer confidence in purchasing high-value products including electronics over the Internet, the number of online shoppers is skyrocketing. Therefore, with the increased penetration of online shopping into consumers’ lives, the value of the e-commerce market is only expected to grow, not slow down.

The lack of an end-to-end integrated logistics platform for the delivery of electronic products purchased online is a key factor hindering the growth of this market. Indeed, supply is greater than demand and, in developing countries, there is a major logistical problem. fence.

For example, in India, there are 6,000 cities and 600,000 villages which represent nearly 70% of the country’s population. unavailable.

Logistics performance differs significantly from country to country. The differences relate to local logistics infrastructure, delivery choices, delivery method and warehousing.

These challenges posed to companies wishing to develop beyond borders. In addition, catering services for same-day and next-day deliveries, as well as the simultaneous management of time slot change requests, is another major logistical challenge for retailers. These factors are therefore restraining the growth of the consumer electronics e-commerce market.

Augmented Reality (AR) technology enhances the online shopping experience. AR technology is a solution for online shoppers who are “unsure” of a product they want to buy online.

AR solutions allow customers to view products in real time, from the comfort of their own home. 3D visualizations via AR give customers the ability to see what products might look like in their space before committing to purchase.

They can try different options and choose the best product. This reduces the inconvenience of returning/exchanging products and saves time and cost of return.

Augmented reality is helping online retailers dramatically reduce returns by providing a “try before you buy” digital experience. For example, Augment is an augmented reality tool that allows customers to view a product in real time. Augment helps customers rotate and view products so they can be viewed in a natural setting. In addition, customers can modify the colors and finishes of the product. Inc. has signed pacts with the Future Group to sell products from India’s second-largest brick-and-mortar retailer in its online marketplace. Amazon will become the authorized online sales channel for Future Retail Ltd. stores, which sell everything from groceries to cosmetics and clothing, according to an exchange filed Monday. The e-commerce giant will also have a tie with Future Consumer Ltd. which manufactures consumer goods like packaged snacks and household cleaners.

Countries covered in consumer electronics market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.

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