DUBLIN, October 07, 2021– (BUSINESS WIRE) – The report “Consumer Electronics E-Commerce Global Market Report 2021: COVID-19 Growth and Change to 2030” has been added to ResearchAndMarkets.com offer.
The global consumer electronics e-commerce market is expected to grow from $ 310.23 billion in 2020 to $ 343.34 billion in 2021 at a compound annual growth rate (CAGR) of 10.7%. The market is expected to reach $ 511.06 billion in 2025 at a CAGR of 10%.
The major players in the consumer electronics e-commerce market are Alibaba, Amazon, JD.com, eBay, Shopify, Rakuten, Walmart, Newegg, Target, and Flipkart.
The consumer electronics e-commerce market includes sales of electronic products including video products such as television, navigation products, digital cameras and accessories, digital camcorders and 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 electronics, and others.
Augmented Reality (AR) technology improves the online shopping experience. AR technology is a solution to the “uncertainty” of online shoppers about a product they wish to purchase online. AR solutions allow customers to view products in real time, from the comfort of their homes. 3D visualizations via AR allow customers to see what products might look like in their space before committing to buy.
They can try different options and choose the best product. It reduces the inconvenience of returning / exchanging products, and saves return time and costs. AR helps online retailers dramatically reduce returns by providing a digital ‘try before you buy’ 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 that they can be viewed in a natural setting. In addition, customers can change the colors and finishes of the product.
Consumers are shifting from offline shopping to online shopping, and this factor is the key driver in 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%) go online using from their mobile devices. Internet connectivity has presented a hassle-free shopping opportunity – anytime, anywhere.
Internet accessibility, mobile technology and digital innovations are changing the shopping experiences of consumers. With the growing confidence of customers 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 in the lives of consumers, the value of the e-commerce market is expected to only increase but not slow down.
Amazon.com Inc. has signed agreements 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 document filed on Monday. The e-commerce giant will also have a partnership with Future Consumer Ltd. which manufactures consumer goods such as packaged snacks and household cleaners.
Main topics covered:
2. Characteristics of the consumer electronics e-commerce market
3. Consumer Electronics E-Commerce Market Trends and Strategies
4. Impact of COVID-19 on consumer electronics e-commerce
5. Size and growth of the consumer electronics e-commerce market
5.1. Historical global consumer electronics e-commerce market, 2015-2020, in USD billion
5.1.1. Market pilots
5.1.2. Market restrictions
5.2. Global Consumer Electronics E-Commerce Forecast Market, 2020-2025F, 2030F, in USD Billion
5.2.1. Market pilots
5.2.2. Market restrictions
6. Consumer electronics e-commerce market segmentation
6.1. Global consumer electronics e-commerce market, segmentation by product, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
6.2. Global consumer electronics e-commerce market, segmentation by business model, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
6.3. Global consumer electronics e-commerce market, segmentation by pricing model, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
Low cost products
Medium cost products
7. Regional and Country Analysis of Consumer Electronics E-Commerce Market
7.1. Global consumer electronics e-commerce market, divided by region, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
7.2. Global consumer electronics e-commerce market, divided by country, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
For more information on this report, visit https://www.researchandmarkets.com/r/es7qaq
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211007005754/en/
Laura Wood, Senior Press Director
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