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<br>According to TechSci Research report, u201cGlobal Consumer Electronics and Appliances Market By Type (Audio Visual Equipment, Home Appliances, Kitchen Appliances, Personal Care Appliances), By Application (Residential and Commercial), By Distribution Channel (Electronic and Specialty Retailers, Hypermarket/ Supermarket, Online Channels and Others), By Region, Competition Forecast & Opportunities, 2026u201d, the global consumer electronics and appliances market is anticipated to grow from USD1019.28 billion in 2020 to USD1344.50 billion in 2026 at a CAGR of 5.25%. https://bit.ly/3gP4XtC
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2016 – 2026 GLOBAL CONSUMER ELECTRONICS AND APPLIANCES MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Consumer Electronics and Appliances Consumer Electronics refers electronic equipment intended for daily use. Consumer electronics consists of devices used for entertainment, recreation, and communication purpose. Tablets, gaming consoles, smartphones, wearables, digital cameras, computers, laptops are some of the most used consumer electronic devices. Market Segmentation REGION TYPE Year Range Asia-Pacific Audio Visual Equipment • • Review Period Europe Home Appliances • • North America Kitchen Appliances • • 2016 – 2019 South America Personal Care Appliances • • Base Year Middle East & Africa • 2020 DISTRIBUTION CHANNEL APPLICATION Estimated Year Electronic and Specialty • Residential • 2021 Retailers Commercial • Forecast Period Hypermarket/ Supermarket • Online Channels • 2022 – 2026 Others • 2
Table of Contents S. No. Contents Page No. 1. Consumer Electronics and Appliances: Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Factors Affecting Purchase Decision 4.2. Brand Awareness 4.3. Challenges Post-Purchase 4.4. Preferred Distribution Channel 5. Global Consumer Electronics and Appliances Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast By Type (Audio Visual Equipment, Home Appliances, Kitchen Appliances, and Personal Care Appliances) 5.2.1. 5.2.2. By Application (Residential and Commercial) By Distribution Channel (Electronic and Specialty Retailers, Hypermarket/ Supermarket, Online Channels, and Others) 5.2.3. 5.2.4. By Region 5.2.5. By Company (2020) 5.3. Market Map 3
Table of Contents S. No. Contents Page No. 6. Asia-Pacific Consumer Electronics and Appliances Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Type 6.2.2. By Application 6.2.3. By Distribution Channel 6.2.4. By Country 6.3. Asia-Pacific: Country Analysis China Consumer Electronics and Appliances Market Outlook 6.3.1. Market Size & Forecast 6.3.1.1. By Value 6.3.1.1.1. Market Share & Forecast 6.3.1.2. By Type 6.3.1.2.1. By Application 6.3.1.2.2. By Distribution Channel 6.3.1.2.3. India Consumer Electronics and Appliances Market Outlook 6.3.2. Market Size & Forecast 6.3.2.1. By Value 6.3.2.1.1. Market Share & Forecast 6.3.2.2. 4
Table of Contents S. No. Contents Page No. By Type 6.3.2.2.1. By Application 6.3.2.2.2. By Distribution Channel 6.3.2.2.3. Japan Consumer Electronics and Appliances Market Outlook 6.3.3. Market Size & Forecast 6.3.3.1. By Value 6.3.3.1.1. Market Share & Forecast 6.3.3.2. By Type 6.3.3.2.1. By Application 6.3.3.2.2. By Distribution Channel 6.3.3.2.3. South Korea Consumer Electronics and Appliances Market Outlook 6.3.4. Market Size & Forecast 6.3.4.1. By Value 6.3.4.1.1. Market Share & Forecast 6.3.4.2. By Type 6.3.4.2.1. By Application 6.3.4.2.2. By Distribution Channel 6.3.4.2.3. Australia Consumer Electronics and Appliances Market Outlook 6.3.5. Market Size & Forecast 6.3.5.1. By Value 6.3.5.1.1. 5
Table of Contents S. No. Contents Page No. Market Share & Forecast 6.3.5.2. By Type 6.3.5.2.1. By Application 6.3.5.2.2. By Distribution Channel 6.3.5.2.3. 7. Europe Consumer Electronics and Appliances Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Application 7.2.3. By Distribution Channel 7.2.4. By Country 7.3. Europe: Country Analysis France Consumer Electronics and Appliances Market Outlook 7.3.1. 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast By Type 7.3.1.2.1. By Application 7.3.1.2.2. By Distribution Channel 7.3.1.2.3. 6
Table of Contents S. No. Contents Page No. Germany Consumer Electronics and Appliances Market Outlook 7.3.2. Market Size & Forecast 7.3.2.1. By Value 7.3.2.1.1. Market Share & Forecast 7.3.2.2. By Type 7.3.2.2.1. By Application 7.3.2.2.2. By Distribution Channel 7.3.2.2.3. United Kingdom Consumer Electronics and Appliances Market Outlook 7.3.3. Market Size & Forecast 7.3.3.1. By Value 7.3.3.1.1. Market Share & Forecast 7.3.3.2. By Type 7.3.3.2.1. By Application 7.3.3.2.2. By Distribution Channel 7.3.3.2.3. Spain Consumer Electronics and Appliances Market Outlook 7.3.4. Market Size & Forecast 7.3.4.1. By Value 7.3.4.1.1. Market Share & Forecast 7.3.4.2. By Type 7.3.4.2.1. By Application 7.3.4.2.2. 7
Table of Contents S. No. Contents Page No. By Distribution Channel 7.3.4.2.3. Russia Consumer Electronics and Appliances Market Outlook 7.3.5. Market Size & Forecast 7.3.5.1. By Value 7.3.5.1.1. Market Share & Forecast 7.3.5.2. By Type 7.3.5.2.1. By Application 7.3.5.2.2. By Distribution Channel 7.3.5.2.3. 8. North America Consumer Electronics and Appliances Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Application 8.2.3. By Distribution Channel 8.2.4. By Country 8.3. North America: Country Analysis United States Consumer Electronics and Appliances Market Outlook 8.3.1. Market Size & Forecast 8.3.1.1. By Value 8.3.1.1.1. 8
Table of Contents S. No. Contents Page No. Market Share & Forecast 8.3.1.2. By Type 8.3.1.2.1. By Application 8.3.1.2.2. By Distribution Channel 8.3.1.2.3. 8.3.2. Mexico Consumer Electronics and Appliances Market Outlook Market Size & Forecast 8.3.2.1. By Value 8.3.2.1.1. Market Share & Forecast 8.3.2.2. By Type 8.3.2.2.1. By Application 8.3.2.2.2. By Distribution Channel 8.3.2.2.3. 8.3.3. Canada Consumer Electronics and Appliances Market Outlook Market Size & Forecast 8.3.3.1. By Value 8.3.3.1.1. Market Share & Forecast 8.3.3.2. By Type 8.3.3.2.1. By Application 8.3.3.2.2. By Distribution Channel 8.3.3.2.3. 9. South America Consumer Electronics and Appliances Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9
Table of Contents S. No. Contents Page No. 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Application 9.2.3. By Distribution Channel 9.2.4. By Country South America: Country Analysis 9.3. 9.3.1. Brazil Consumer Electronics and Appliances Market Outlook Market Size & Forecast 9.3.1.1. By Value 9.3.1.1.1. Market Share & Forecast 9.3.1.2. By Type 9.3.1.2.1. By Application 9.3.1.2.2. By Distribution Channel 9.3.1.2.3. 9.3.2. Argentina Consumer Electronics and Appliances Market Outlook Market Size & Forecast 9.3.2.1. By Value 9.3.2.1.1. Market Share & Forecast 9.3.2.2. By Type 9.3.2.2.1. By Application 9.3.2.2.2. By Distribution Channel 9.3.2.2.3. 10
Table of Contents S. No. Contents Page No. 9.3.3. Colombia Consumer Electronics and Appliances Market Outlook Market Size & Forecast 9.3.3.1. By Value 9.3.3.1.1. Market Share & Forecast 9.3.3.2. By Type 9.3.3.2.1. By Application 9.3.3.2.2. By Distribution Channel 9.3.3.2.3. 10. Middle East & Africa Consumer Electronics and Appliances Market Outlook Market Size & Forecast 10.1. By Value 10.1.1. 10.2. Market Share & Forecast By Type 10.2.1. 10.2.2. By Application By Distribution Channel 10.2.3. By Country 10.2.4. 10.3. Middle East & Africa: Country Analysis 10.3.1 South Africa Consumer Electronics and Appliances Market Outlook Market Size & Forecast 10.3.3.1. By Value 10.3.3.1.1. Market Share & Forecast 10.3.3.2. 11
Table of Contents S. No. Contents Page No. By Type 10.3.1.2.1. By Application 10.3.1.2.2. By Distribution Channel 10.3.1.2.3. Saudi Arabia Consumer Electronics and Appliances Market Outlook 10.3.2. Market Size & Forecast 10.3.2.1. By Value 10.3.2.1.1. Market Share & Forecast 10.3.2.2. By Type 10.3.2.2.1. By Application 10.3.2.2.2. By Distribution Channel 10.3.2.2.3. UAE Consumer Electronics and Appliances Market Outlook 10.3.3. 10.3.3.1. Market Size & Forecast By Value 10.3.3.1.1. 10.3.3.2. Market Share & Forecast By Type 10.3.3.2.1. By Application 10.3.3.2.2. By Distribution Channel 10.3.3.2.3. 10.3.3.1. Market Size & Forecast By Value 10.3.3.1.1. 10.3.3.2. Market Share & Forecast 12
Table of Contents S. No. Contents Page No. By Distribution Channel 10.3.3.2.3. 10.3.4. Qatar Consumer Electronics and Appliances Market Outlook 10.3.4.1. Market Size & Forecast By Value 10.3.4.1.1 10.3.4.2. Market Share & Forecast By Type 10.3.4.2.1. By Application 10.3.4.2.2. By Distribution Channel 10.3.4.2.3. 11. Impact of COVID-19 on Global Consumer Electronics and Appliances Market 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends and Developments 14. Competitive Landscape 14.1. Competition Benchmarking 14.2. Company Profiles (Leading companies) 14.2.1. Basic details 14.2.2. Financials (As Reported) 14.2.3. Key market focus and geographical presence 14.2.4. Planned investments 13
Table of Contents S. No. Contents Page No. 14.2.5. Pricing of target products 14.2.6. Market positioning 15. Strategic Recommendations 16. About Us & Disclaimer 14
RESEARCH METHODOLOGY
Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the global consumer electronics and appliances market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global consumer electronics and appliances market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 16
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global consumer electronics and appliances market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing innovation in existing products, and rising disposable purchasing power, and rapid urbanization. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global consumer electronics and appliances market. Methodology Followed for Calculation of Market Size: Market Size by Value : Market size, in terms of value , for the year 2020 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as consumer electronics and appliances companies, channel partners, market influencers & end-users, industry experts, and other industry participants. The team interviewed more than 15 – 20 consumer electronics and appliances companies, 100 – 120 end-users, and 15 – 20 industry experts • and other value chain stakeholders in the global consumer electronics and appliances market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020. 17
Research Methodology Respondents were asked about the current and future market growth rates, market shares by type, by application, by distribution channel, • by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market share by type, by application, by distribution channel, by company and by region were calculated based on the responses received • through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of consumer electronics and appliances markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global • consumer electronics and appliances market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 18
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources Apple Inc., World Bank • ▪ Huawei Technologies Co., Ltd. TechSci Research Proprietary Database & Knowledge Repository • ▪ Samsung Electronics Co., Ltd. Company Annual Reports • ▪ Midea Group Co., Ltd. Industry Magazines • ▪ LG Electronics Inc. Industry Reports • ▪ Xiaomi Corporation News Dailies • ▪ Panasonic Corporation Credible Paid Databases • ▪ Whirlpool Corporation • Sony Group Corporation • AB Electrolux • 19
INDUSTRY BRIEF According to TechSci Research report, “Global Consumer Electronics and Appliances Market By Type (Audio Visual Equipment, Home Appliances, Kitchen Appliances, Personal Care Appliances), By Application (Residential and Commercial), By Distribution Channel (Electronic and Specialty Retailers, Hypermarket/ Supermarket, Online Channels and Others), By Region, Competition Forecast & Opportunities, 2026”, the global consumer electronics and appliances market is anticipated to grow from USD1019.28 billion in 2020 to USD1344.50 billion in 2026 at a CAGR of 5.25%. Consumer electronics can be defined as an electronic equipment used in day-to-day activity. It includes product like television, washing machine, smart watch, microwave, and many other products with different purposes. Regular investment in research and development by different brands is expected to enhance the electronics and appliances market growth. For example, leading consumer electronics companies like LG and Samsung announced plans to launch microLED TVs for both residential and commercial use in January 2020. This technology's ability to provide high contrast and brightness as compared to traditional LEDs is expected to boost its market share. Due to COVID-19 pandemic, the market of consumer electronics was tremendously impacted as in the beginning of the year 2020 and consumer electronics manufacturers' production capacity had been affected by several factors, including supply chain and logistics disruptions, trade restrictions, and a severe shortage of raw materials. To comply with government regulations and prevent the spread of the virus, companies such as Samsung, Apple, and LG halted production in India, Malaysia, and China. However, it has been analyzed that the market has gain its momentum since the first quarter of 2021. The reason for substantial growth in the consumer electronics and appliances market, includes different factors like increasing demand for technologies, stringent energy efficiency regulations in North America, advanced technologies and increasing disposable income. Apart from this, electronics companies of different sizes and shapes faces some challenges, such as short product life cycles, meeting demand, environmental impact, managing service and warranty, power consumption, and quality control. As the competition level is high, and the continuous upgradation in technologies has forced the manufacturing companies to look after the production capacity and consider factors such as quality control, limited power consumption and providing environment friendly products An overview of these various variables assists in the identification of the industry's main growth sectors. Asia-Pacific held the largest share in the market as this region holds the largest portion of the young and millennial population and there is an increase in adoption of consumer electronics by the middle and high-income households. As well as increasing awareness related to the upcoming technologies among the youth is also augmenting the demand in these markets. Easy availability of low-cost consumer electronic products, such as television, smart watch, and smartphones, from various brands such as Samsung, Panasonic and others are supporting their adoption in low-income groups. For example, Panasonic a Japanese appliances company plans to launch smart doorbells, plugs and switches in India. Top companies dealing in the global consumer electronics and appliances market are Apple Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Midea Group Co., Ltd., LG Electronics Inc., XIAOMI CORPORATION, Panasonic Corporation, Whirlpool Corporation, Sony Group Corporation, AB Electrolux, Hitachi, Ltd., and Koninklijke Philips N.V. Major consumer electronics and appliances companies are expanding their manufacturing bases to meet the rising demand across developing countries in Asia-Pacific, North America, Europe, Middle East & Africa, and South America. “The global consumer electronics and appliances market is anticipated to grow at 5.25% in CAGR during the next five years due to growing consumer base and disposable income. Moreover, companies like Apple Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., LG Electronics Inc., and many more global brands are now continuously working upon the research and development for technological up-gradation, and to meet-up with the expectations of the consumers, which is also expected to positively influence the growth of the market through 2026,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. 20
SAMPLE DATA - SNAPSHOT Global Consumer Electronics and Appliances Market Size, By Value (USD Million), 2016-2026F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR By Value XX% CAGR By Value XX% 2016 2020 2021E 2026F By Value (USD Million) North America Consumer Electronics and Appliances Market Share, By Type, By Value, 2016–2026F Audio Visual Equipment Home Appliances Kitchen Appliances Personal Care Appliances 25% 25% 25% 25% 2026F 25% 25% 25% 25% 2025F 25% 25% 25% 25% 2024F 25% 25% 25% 25% 2023F 25% 25% 25% 25% 2022F 25% 25% 25% 25% 2021E 25% 25% 25% 25% 2020 25% 25% 25% 25% 2019 25% 25% 25% 25% 2018 25% 25% 25% 25% 2017 25% 25% 25% 25% 2016 United States Consumer Electronics and Appliances Market Share, By Distribution Channel, By Value, 2016–2026F Electronic and Specialty Retailers Hypermarket/ Supermarket Online Channels Others 25% 25% 25% 25% 2026F 25% 25% 25% 25% 2025F 25% 25% 25% 25% 2024F 25% 25% 25% 25% 2023F 25% 25% 25% 25% 2022F 25% 25% 25% 25% 2021E 25% 25% 25% 25% 2020 25% 25% 25% 25% 2019 25% 25% 25% 25% 2018 25% 25% 25% 25% 2017 25% 25% 25% 25% 2016 21
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