Global Sector Series: Electricals

Global Sector Series: Electricals

Summary

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.

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