PROSPECTS AND OPPORTUNITIES
Continued struggle for appliances and electronics specialists
Looking beyond 2024, the struggle for appliances and electronics specialists is set to continue in the US, with current value decline anticipated throughout the forecast period, and many efforts to stay competitive feeling like a losing battle. The channel continues to suffer from the aftershock of the 2020-2021 surge in demand, as consumers hold onto purchases made during that period, delaying the need for replacements.
Best Buy to launch a third-party marketplace to contend with Amazon
In an effort to expand its reach and adapt to evolving consumer trends, Best Buy is set to launch Best Buy Marketplace in the summer of 2025. This third-party marketplace follows a growing trend in retail, whereby key players are embracing marketplace models to diversify their offerings, attract new customers, and drive additional revenue.
Concerns about tariffs will reimagine the supply chain for appliances and electronics specialists
Appliances and electronics specialists is bracing for the significant impact of incoming tariffs, which could reshape manufacturing strategies and consumer pricing. Some manufacturers, such as Samsung and LG Electronics, are considering shifting more production to their US plants to sidestep tariffs, but this transition comes with challenges.
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Overview:
Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Appliances and Electronics Specialists in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Appliances and Electronics Specialists in USA?
- Which are the leading retailers in Appliances and Electronics Specialists in USA?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Appliances and Electronics Specialists in the US - Category analysis
KEY DATA FINDINGS
Inflation, housing slump, and online shift weigh on sales
Conn’s says goodbye, and other retailers fear the same fate
Refurbished tech brand Back Market pushes to redefine consumer sentiment
Continued struggle for appliances and electronics specialists
Best Buy to launch a third-party marketplace to contend with Amazon
Concerns about tariffs will reimagine the supply chain for appliances and electronics specialists
Retail in the US - Industry Overview
Retail in 2024: The big picture
Exceptionally high grocery prices in 2024 enter the political arena
China-affiliated competitors reset the landscape for retail e-commerce in the US
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
Prime Day/Christmas in July
Mother’s Day
DISCLAIMER
Appliances and Electronics Specialists
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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