Consumer Electronics & Appliances Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/2/2020
SIC Codes: 5045, 5064, 5065, 5722, 5731, 5734, 5946
NAICS Codes: 4431
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from 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, Fry's Electronics, GameStop, and the retail operations of Apple (all based in the US), as well as Dixons Carphone (UK), Fnac Darty (Belgium), GOME (China), the CECONOMY-owned Media Markt and Saturn brands (Germany), and Yamada Denki (Japan).

Global consumer electronics sales topped $150 billion in 2018, up 6% versus the previous year, according to market research firm GfK. The market is recovering from slow growth between 2011 and 2013. The resurgence is being driven by strong performance in China and India and consumer demand for emerging technologies such as smart speakers and smart home products. While sales of smartphones have slowed due to market saturation, the debut of 5G models in 2019 is expected to boost sales, according to the Consumer Technology Association.

The US consumer electronics and appliances store industry includes about 40,500 stores with combined annual revenue of about $100 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. Of the 2006 Top 100 CE retailers, some 20% are no longer in business, including Circuit City, which ranked third at the time. Others, including market leader Best Buy, have struggled. Video game seller GameStop is closing stores and has put itself up for ...

 
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