Global Consumer Electronics and Appliances Market Overview:
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. Some of the key players profiled in the study are 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).
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.
- Rising Disposable Income and Growing Purchasing Power Is Making Customers
- Rising Demand of Advanced Smart Home Equipment in Urban Areas
- Continuously Evolving Consumer Lifestyles
- Introduction to Smart Home Appliances
- Continues Product Innovations and New Product Developments
- Rising Demand for Technologically Advanced Appliances and Electronics
- Volatile Demand and Continuously Changing Consumer Preferences
- Fluctuations in the Raw Material Prices
- Key Players Are Invest On Research & Development Activities to Launch Energy Efficient Products
- Growing Demand from Emerging Economies
- Availability of Numerous Substitutes
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.
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
Major Objectives Focused through this Study To define, describe, and forecast the Global Consumer Electronics and Appliances market on the basis of product [Consumer Electronics and Consumer Appliances] , application [Household and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Consumer Electronics and Appliances market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Consumer Electronics and Appliances industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Miele & Cie (Germany), SMEG (Italy), Electronic City (Indonesia), Trikomsel Oke (Indonesia), PT. Electronic City (Indonesia) and Lazada (Singapore).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Consumer Electronics and Appliances market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.