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.
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.
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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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.
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 definitionsThis report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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