The term “consumer electronics” defines a range of products containing electronic circuit boards, intended for personal use. Consumers are forecast to increase their spending on technology, with over two trillion U.S. dollars expected to be spent on traditional and emerging technologies worldwide by 2023. Established companies like Sony, Panasonic, and LG Electronics achieve sales through a variety of different channels, including retail stores, designated specifically, or partly, for tech devices. Examples of store chains include BestBuy in the United States, Suning in China, and Dixons in Europe, each of which generate billions in revenue every year.
Although some consumers still prefer physical stores and the traditional shopping process, e-commerce has expanded over the globe in recent years. Online sales have increased significantly during the lockdown caused by the COVID-19 pandemic in 2020. In 2021, over two billion digital buyers were expected on the global market. Digital buyers are internet users who have made at least one purchase via any digital channel within the past year, including online, mobile and tablet purchases. The leader within online stores in the electronics and media segment has been Amazon with over 40 billion U.S. dollars in net sales. In fact, electronics made up the largest share of products purchased by Amazon shoppers in the United States. Other popular online stores within the industry are Apple, JD, as well as retailers like Suning and BestBuy.
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In the following 5 chapters, you will quickly find the 42 most important statistics relating to "Consumer electronics retailers".