News

Technology

Paul Howell

, Singapore

Published:

3 years ago

APAC dominates global electronics stores market in 2020

The global market saw a total revenue of $982b during the year.

Asia Pacific emerged as the largest region in the electronics and appliance stores market globally, accounting for 51% of the market in 2020, a report from Research and Markets revealed.

Western Europe was the second largest region, accounting for 14% of the global electronics and appliance stores market. Eastern Europe was the smallest region in the global electronics and appliance stores market.

The global electronics and appliance stores market is expected to grow from $982.21b in 2020 to $1.06t in 2021 at a compound annual growth rate (CAGR) of 8.4%, as companies rearrange their operations and recover from the pandemic’s impact.

The market is expected to reach $1.33t in 2025 at a CAGR of 6%.

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