This report provides an overview of the global electricals market which includes analysis, drivers, inhibitors, market forecasts, retailers and trends in the global electricals market 2023-2028.
The global electricals market experienced a CAGR of 2.4% between 2018 and 2023, driven by rising per capita incomes, product innovation, and consumers’ increasing dependence on electronic devices due to their convenience and integration into modern daily life. Due to its large population of young and tech-savvy consumers, the Asia Pacific region held the largest portion of the global electricals market in 2023, with a 40.2% share. Chinese e-commerce giant JD.com leads the global electricals market with a 6.2% share due to the sheer size of the Chinese market, huge product range, and aided by its robust distribution network which allows it to offer rapid fulfillment to increase customer satisfaction levels.
The global electricals market experienced a CAGR of 2.4% between 2018 and 2023, driven by rising per capita incomes, product innovation, and consumers’ increasing dependence on electronic devices due to their convenience and integration into modern daily life. Due to its large population of young and tech-savvy consumers, the Asia Pacific region held the largest portion of the global electricals market in 2023, with a 40.2% share. Chinese e-commerce giant JD.com leads the global electricals market with a 6.2% share due to the sheer size of the Chinese market, huge product range, and aided by its robust distribution network which allows it to offer rapid fulfillment to increase customer satisfaction levels.
Scope
- Innovation and the growth of smart and eco-friendly devices will accelerate electricals spending from 2024 onwards
- Rising incomes in Asia-Pacific will drive growth in the sector
- JD.com owes its leading position in the global electricals market to its strength in China
Reasons to Buy
- Gain comprehensive knowledge on the global electricals market and develop a competitive advantage
- Align your product offerings and strategies to meet demand by analyzing the key consumer trends influencing the electricals market globally
- Align your marketing strategies with the crucial trends influencing consumer behavior
- Utilize analysis of key global retailers, including their market shares and revenues, to give you a competitive edge and identify opportunities to improve your market share
Table of Contents
- Executive Summary
- Key Trends in the Global Electricals Market
- Smartwatches boom amid rising health and wellness awareness
- Partnerships and acquisitions to boost retailers’ sales
- Retailers and government are stepping up to enhance sustainability
- Global Market Size with Forecasts to 2028
- Regional Performance with Forecasts to 2028
- Category Performance with Forecasts to 2028
- Key Players: Market Shares and Retailer Profiles
- Top 10 retailers 2022 & 2023
- Retailers in Focus
- Retailers to Watch
- Consumers
- Methodology & Contacts
- Channels Used to Purchase Electricals in Key Markets, 2023
- Factors that Influence Electricals Purchases in Key Markets
- Factors that Influence Electricals Purchases in Key Markets
- Global Electricals Market Value, 2018, 2023 & 2028(f) ($ bn) with five-year CAGR (%)
- Global Electricals Market Value ($ bn) 2018-2028, and Annual Growth (%)
- Global Electricals Online Market ($ bn) and Online Penetration (%), 2018-2028
- Online and Offline Growth (%) within the Global Electricals Market, 2018-2028
- Channel Shares (%) within the Global Electricals Market, 2018, 2023 & 2028(f)
- Share of Global Electricals Market by Region (%) 2018, 2023 & 2028
- Regional Growth (%) within the Global Electricals Market, 2018-2028
- Top 10 Global Electricals Markets by Value ($ bn), 2023, 2024(f) & 2028(f)
- Top 10 Global Electricals Markets by CAGR (%) 2023-2028
- Top 10 Global Electricals Markets by Online Sales ($ bn), 2023(f), 2024(f) & 2028(f)
- Global Category Share, 2018, 2023(f), 2028(f)
- Global Electricals Categories by Value ($ bn), 2023(f), 2024(f) & 2028(f)
- Top 20 Retailers by Market Share (%) (1-10), 2022 & 2023 with Change in Share 2022-2023(f) (ppts)
- Top 20 Retailers by Market Share (%) (11-20), 2022 & 2023 with Change in Share 2022-2023(f) (ppts)
- JD.com 2018-2023 Global Electricals Sales ($ bn), Annual Growth and Market Share (%)
- Amazon 2018-2023 Global Electricals Sales ($ bn), Annual Growth and Market Share (%)
- MediaMarkt 2018-2023 Global Electricals Sales ($ bn), Annual Growth and Market Share
- Magazine Luiza 2018-2023 Global Electricals Sales ($ bn), Annual Growth and Market Share
- Electricals Shopper Penetration & Profile in Key Markets, 2023
- Future Electricals Purchasing Intentions in Key Markets
- Channels Used to Purchase Electricals in Key Markets, 2023
- How Frequently Consumers Purchase Electricals in Key Markets
- Factors that Influence Electricals Purchases in Key Markets
- Factors that Influence Electricals Purchases in Key Markets
- Opinions on Electricals Shopping Habits
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alibaba
- Amazon
- Apple
- B&M
- Back Market
- Best Buy
- BMW
- ComSchool
- COROS
- Croma
- Currys
- Dada Nexus
- Daewoo
- Dell
- eBay
- Euronics
- Expert
- FNAC Darty
- Fossil
- Haier
- Hisense
- Home Depot
- JD.com
- Junk Kouture
- Kelwon Electricals
- Lenovo
- Lowe's
- Magazine Luiza
- Marks Electrical
- MediaMarkt
- Mi
- Microsoft
- Nike
- NSF
- Oppo
- Panasonic
- Philips
- Pinduoduo
- Power Retail
- Reliance Digital
- Samsung
- Saturn
- Taobao
- Target
- Walmart
- WHOOP
- Xiaomi
- Yobodashi
