Europe Consumer Electronics Market to Set at a CAGR of 7.1% by 2024

New York, USA, 2018-Nov-14 — /EPR Network/ —According to Goldstein Research, Europe consumer electronics market is anticipated to reach USD95.4 billion by the end of 2024, growing at a CAGR of 7.1%. With the advancing technology, the trend of smart offices and smart home is augmenting the demand for consumer electronics products such as smart TV, smart refrigerator, smart air conditioners and more. Rising personal disposable income of the consumers of consumer electronic products and their shift in preferences towards smart homes and smart offices are thus primarily driving the growth of the industry. Further, based on geography, Europe consumer electronics market major share is acquired by Germany with 37.1% market share and is closely followed by the United Kingdom consumer electronics market, which is growing at a CAGR of 5.7% during the forecast period.

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/europe-consumer-electronics-market-trends-industry-analysis

Market Segmentation

Europe Consumer Electronics Market can be segmented as follows:

By Product Type

  • Visual and Audio Products
  • Television
  • Laptops
  • Speakers
  • Others (Headphones, etc.)
  • Major Home Appliances
  • Air Conditioner
  • Refrigerator
  • Washing Machines
  • Dish Washers
  • Others (Cooktops, Etc.)
  • Small Home Appliances
  • Food Processors
  • Microwave Ovens
  • Iron
  • Others (Kettle, etc.)

By Pricing Model

  • Low Cost Products
  • Medium Cost Products
  • High End Products (Customized or luxury Brands)

By Distribution Channel

  • Online Distribution Channel
  • Offline Distribution Channel

By Business Model

  • Business to Business (B2B)
  • Business to Consumer (B2C)

By Geography

  • United Kingdom Consumer Electronics Market Analysis, 2016-2024
  • France Consumer Electronics Market Analysis, 2016-2024
  • Italy Consumer Electronics Market Analysis, 2016-2024
  • Germany Consumer Electronics Market Analysis, 2016-2024
  • Spain Consumer Electronics Market Analysis, 2016-2024
  • Hungary Consumer Electronics Market Analysis, 2016-2024
  • Sweden Consumer Electronics Market Analysis, 2016-2024
  • Russia Consumer Electronics Market Analysis, 2016-2024
  • Poland Consumer Electronics Market Analysis, 2016-2024
  • Rest Of Europe Consumer Electronics Market Analysis, 2016-2024

Browse Full Report: https://www.goldsteinresearch.com/report/europe-consumer-electronics-market-trends-industry-analysis

“Europe Consumer Electronics Market Outlook 2024” highlights a comprehensive overview of the consumer electronics market in Europe. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, pricing model, distribution channel, business model and geography.

The Europe Consumer Electronics Market Report highlights the competitive outlook of major Europe players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of the consumer electronics market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

 

Major players of the Europe consumer electronics market analyzed in the report are Samsung, LG Electronics, Sony, Panasonic, Koninklijke Philips N.V., Haier Consumer Electronics Group, Logitech International, Onida Electronics, Toshiba, Videocon, Hitachi, Ltd., Hisense, TCL, etc.

Further, Europe Consumer Electronics Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Consumer Electronics Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

Global Europe consumer electronics market is further bifurcated in various segments with separate market analysis mentioned below:

OLED TV Market

In the era of technology and innovation there is a revolution in television industry termed as OLED or organic light emitting diodes. However, complexity of OLED TV at macro level compared to LCD and LED technology is making OLED TVs costlier than its older generation. High cost of OLED TV is the key factor restraining the growth of global OLED TV market.

Smart TV Market

High personal disposable income of the people of consumer electronics and their shifting preference towards smart environment (homes and offices) are majorly driving the growth of the market. Goldstein Research analyst forecast that the Global smart TV market is set to reach USD 290.8 billion by 2025, growing at a CAGR of 4.71% over the forecast period (2017-2025).

Residential Air Purifier Market

In 2012, World Health Organization (WHO) published an article on household air pollution, stating indoor air pollution is one of the top five environmental health risks which cause one out of eight people deaths. Global residential air purifier market is estimated to reach USD 8.65 billion by 2024 and is projected to grow at a CAGR of over 6.0% during the forecast period i.e. 2016-2024.

Residential electric fryers market

Global residential electric fryers market is majorly driven by the consumers who crave for the crispy fried food served in restaurants but are not willing to pay steep prices and don’t want to visit restaurant every time. Global residential electric fryers market is expected to expand at a CAGR of 7.2% over the forecast period i.e. 2016-2024. Further the market is projected to reach USD 2.8 Billion by the end of 2024.

Smartphone Market

Telecommunication is the fastest growing industry where implementation of internet of things (IoT) is drastically changing the way of communication and lifestyle. Global smartphone market is valued USD 363.4 billion in 2016 and is projected to witness over 3.6 billion units shipments of smartphones by the end of 2024. The global smartphone market is anticipated to grow at a CAGR of 7.5% during the forecast period.

Smartphone Accessories Market

Headphones, selfie-stick, portable speakers, power banks and many more provide an advantage to use smartphone in an easier way. Wide adoption of smartphones is boosting smartphone accessories market growth majorly in urban areas.  Global smartphone accessories market is expected to reach value of USD 104.31 billion by 2024. The smartphone accessories market is projected to witness a healthy CAGR of 6.5% over the forecast period.

Germany Consumer Electronics Market

Rising disposable income of the people of consumer electronics and their shift in preferences towards smart homes and smart offices environment, are thus primarily driving the growth of the industry. Germany consumer electronics industry is set to reach USD 22.4 billion by 2024, growing at a CAGR of 5.8% over the forecast period (2016-2024).

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on consumer industry reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

Contact for more Info:

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada: 1-437-886-1181

UK: +44-203-318-6627

sales@goldsteinresearch.com

www.goldsteinresearch.com

Matched content

Editor’s pick

Express Press Release Distribution