Consumer Electronics Stores in the US - Industry Market Research Report

Consumer Electronics Stores in the US - Industry Market Research Report

Consumer Electronics Stores in the US

Consumer electronics and appliances are staples in US households and include a wide range of items, from DVD players to refrigerators. Consumer electronics stores rely on consumers' ability to purchase discretionary products and have increasingly experienced external competition over the past five years. Although consumer spending has grown during the period, it has not been enough to lift the industry out of the decline because of the competition from discount retailers and department stores. Considering these difficult conditions, industry revenue is expected to have fallen at a CAGR of 2.2% to $158.0 billion over the five years to 2023, including a decrease of 1.0% in 2023.

Consumer electronics stores retail a range of new appliances, electrical goods and home entertainment products, such as dishwashers, TVs and computers. Many stores also offer repair services and some stores sell used goods. This industry does not include stores that primarily sell computers (IBISWorld Report 44312).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.