Europe Consumer Electronics Market - Industry Analysis, Trends, Size, Statistics, Demand & Growth Drivers, Market Opportunity Research, Regional Outlook & Forecast 2017-2025

Europe Consumer Electronics Industry Outlook 2016-2024

Industry Overview

Europe has matured consumer electronic industry and it is supported by high technology connectivity environment. 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. Europe has strict regulation for the environmental concerns and thus under the circular economy strategy, recycling of used electronic products is further pushing the growth of the consumer electronic industry. Moreover, gaming and entertainment applications of the products have further boosted the growth of Europe consumer electronic industry. The user penetration of consumer electronic products in Europe was 23.4% in 2017, and thus it has huge growth opportunities by the introduction of innovative and connected products such as ‘Homechat’ app. Goldstein Research analyst forecast that the Europe consumer electronics industry is set to reach USD 95.4 billion by 2024, growing at a CAGR of 7.1% over the forecast period (2016-2024).

Europe Consumer Electronics Industry Segmentation

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.)

Based on visual and audio products, television segment accounted for largest market share of 49.4% in 2017 and has nearly 58% penetration in Europe. Television is closely followed by refrigerators market share, growing at a CAGR of 7.2% over the forecast period.

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 Industry {Market Share (%), Market Size (USD Billion)}
• France Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Italy Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Germany Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Spain Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Hungary Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Sweden Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Russia Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Poland Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}
• Rest Of Europe Consumer Electronics Industry {Market Share (%), Market Size (USD Billion)}

Based on geography, Germany accounted for largest market share of 37.1% in 2017 with consumer electronics user penetration of 30.4% in 2017. Germany is closely followed by United Kingdom market share of Europe consumer electronic industry is expected to grow at a CAGR of 5.7% over the forecast period.

Europe Consumer Electronics Industry Growth Drivers & Challenges

The report covers the present ground scenario and the future growth prospects of the consumer electronics industry for 2016-2024 along with the industry players’ analysis. We calculated the industry size and revenue share on the basis of revenue generated from major players in the Europe region. Europe consumer electronics industry is forecasted on the basis of consumer electronics production and supply.

Europe Consumer Electronics Industry Outlook 2016-2024, has been prepared based on an in-depth industry analysis from industry experts. The report covers the competitive landscape and current position of major players in the Europe consumer electronics industry space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of industry players and their business models. “Europe Consumer Electronics Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Europe consumer electronics industry report comprises of the following companies as the key players: Samsung, LG Electronics, Sony, Panasonic, Koninklijke Philips N.V., Haier Consumer Electronics Group, Logitech International, Onida Electronics, Toshiba, Videocon, Hitachi, Ltd., Hisense, TCL, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive industry and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Europe Consumer Electronics Industry Report

• What is the total industry size by 2024 and what would be the expected growth rate of industry?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key industry trends?
• What are the factors which are driving this industry?
• What are the major barriers to industry growth?
• Who are the key vendors in this industry space?
• What are the industry opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this industry study

• Facilitate decision-making based on strong historic and forecast data for Europe Consumer electronics Industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the Europe Consumer electronics industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects