Global Consumer Electronics Market (2021 to 2026)

Dublin, Oct. 01, 2021 (GLOBE NEWSWIRE) — The “Global Consumer Electronics Market (2021-2026) by Product Type, Distribution Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Consumer Electronics Market is projected to grow at a CAGR of 8.7% from 2021 to 2026.

Market Dynamics

The growing disposable incomes of consumers, rising urbanization, and consumers’ preference for advanced technology contribute to the growth of the consumer electronics market. However, the lower market penetration in an underdeveloped country, rising technological convergence to introduce one device for multiple functions and the availability of replicated electronic products negatively affect market growth. In addition, the fast-changing lifestyles of customers and the more dependency of consumers on electronics goods are expected to escalate the growth of the consumer electronics market. The market players are investing in R & D to introduce new advanced eco-friendly electronics to increase the market revenue and expand its presence.

Market Segmentation

The Global Consumer Electronics Market is segmented further based on Product Type, Distribution Channel, and Geography.

By Product Type, the market is classified into consumer electronic devices, wearable devices, and home devices. Amongst all, the consumer electronic devices segment is estimated to hold the highest market share during the forecast period.

By Distribution Channel, the market is classified as hypermarkets/supermarkets, multi-branded stores, exclusive stores, online, and other distribution channels. Amongst the two, the multi-branded stores’ segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Bose introduces wireless sport open earbuds – 5th January 20212.

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2. Acer Launches Four New Chromebooks, Including Industry’s First 17-inch Model – 27th March 2021

Company Profiles

Some of the companies covered in this report are Acer, Inc, Apple Inc, Asustek Computer Inc, BlackBerry Limited, Bose Corporation, Canon Inc, Dell Inc, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Consumer Electronics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research…