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The Market value of Electricals Segment in United States of America (2020 - 2028, USD Millions)

Industry: Retail
Current: Market Sizing & Shares

The Electricals segment in United States of America registered Market value of USD 376,280.02 Millions in 2023
The indicator recorded a historical growth (CAGR) of 1.40% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...

The Market value of Electricals Segment in United States of America (2020 - 2028, USD Millions)

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Electrical & Electronics Retail in the United States

The electrical and electronics retail market is comprised of the sales of communications equipment, computer hardware and software, consumer electronics, household appliances, and photographic equipment. Communications equipment includes retail sales only of answer machines, fax machines, fixed-line telephones, mobile phone accessories and mobile phones. Computer hardware and software include retail sales only of desktops and laptop computers, software, memory sticks, CD packs, hard disks and other data storage devices, computer peripherals, PDAs, organizers, calculators, and satellite navigation systems. Consumer electronics includes retail sales of CD players, DVD players and recorders, hi-fi systems, home theatres, in-car entertainment systems, portable digital radios, radios, televisions and video recorders, home use and portable games consoles.

The US market is seeing a shift in consumer habits; while the market continues to grow, it is mass market and e-commerce retailers who are benefitting, such as Wal-Mart and Amazon. This has squeezed the traditional specialist retailer outlets in the US, with RadioShack declaring bankruptcy in 2015 and subsequently being acquired by Sprint.

Category segmentation

Consumer electronics is the largest segment of the electrical & electronics retail market in the United States, accounting for the largest share of the market's total value.

The computer hardware & software segment accounts for the second-largest share of the market.

Geography segmentation

The United States accounts for a significant share of the global electrical & electronics retail market value.

Asia-Pacific accounts for the largest share in the global market.

Market distribution

Electrical and Electronics Specialists form the leading distribution channel in the United States electrical & electronics retail market, accounting for the largest share of the total market's value.

Online Pureplay accounts for the second-largest share of the market.

Leading companies

Amazon.com, Inc.

Amazon is an online retailer. The company offers a range of products and services through its trademark e-commerce site, amazon.com. The products offered by the company include merchandise and content purchased for resale from vendors and products offered by third party sellers. The company also manufactures and sells the Kindle devices.

Best Buy Co, Inc.

Best Buy Co., Inc. is an in-store and online retailer. The company classifies its business operations into two reportable segments: Domestic and International.