Project Description
The global consumer electronics e-commerce market is expected to grow from $310.23 billion in 2020 to $343.34 billion in 2021 at a compound annual growth rate (Compound annual growth rate) of 10.7%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The consumer electronics market is expected to reach $511.06 billion in 2025 at a CAGR of 10%.