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 Dixons Carphone (UK); Fnac Darty (France); GOME Retail Holdings (China); the CECONOMY-owned MediaMarkt and MediaMarktSaturn (Germany); and Yamada Denki (Japan).

Global consumer electronics market is expected to reach about $1.1 trillion by the end of 2023, according to Statista. China accounts for the market with the largest revenue with about $257.6 billion in 2023. The telephony market is the largest segment with an expected revenue of $498.3 billion by the end 2023. However, the US is still experiencing a weak market with a 9.9% annual decrease, according to the US Census Bureau.

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. In the e-commerce market, Amazon, Apple, and Best Buy, among other companies, according to Statista. Since the telephony market is one of the strongest markets for consumer electronics, companies such as T-Mobile and Verizon remain the top consumer electronics retailer in the US, according to ScrapeHero.

Profitability for individual companies depends on the ability to generate store traffic and repeat ...