Consumer Electronics & Appliances Stores Industry Profile

Companies in this industry sell household appliances, cameras, computers, and other electronic goods. Major companies include Best Buy, Conn's, GameStop, and the retail operations of Apple (all based in the US); as well as Currys PLC (the UK); Fnac Darty (France); GOME Retail Holdings (China); the CECONOMY-owned MediaMarkt and MediaMarktSaturn (both based in Germany); and Yamada Denki (Japan).

Global consumer electronics market is expected to reach about $1 trillion by the end of 2024, according to Statista. China accounts for the market with the largest revenue with about $218.6 billion in 2024. The telephony market is the largest segment with an expected revenue of $486.7 billion by the end of 2024.

The US consumer electronics and appliances store industry includes about 30,000 stores with combined annual revenue of about $91 billion.

COMPETITIVE LANDSCAPE

The competitive landscape for US consumer electronics (CE) retailers has changed dramatically over the past decade amid rapidly evolving technology and the growth of e-commerce. Top e-commerce platforms in terms of market cap include Amazon, Pnduoduo, and Alibaba, among others, according to Companies Market Cap.

Profitability for individual companies depends on the ability to generate store traffic and repeat business, as well as effective merchandising. Large companies enjoy economies of scale in purchasing and marketing. Small companies can compete effectively by offering specialized products or superior customer service. The US industry is concentrated: the 20 largest companies account for about ...