Importance of Consumer Electronic Goods and Appliances Industries in B2B and B2C Marketplace
Upon the advent of electricity, this powerful energy was sought to be brought to the benefit of the masses and consequently when electricity was available easily in households, substantial products were established by various Upon the advent of electricity, this powerful energy was sought to be brought to the benefit of the masses and consequently when electricity was available easily in households, substantial products were established by various consumer electronics manufacturers. Over the years these commodities increased in quantity, quality and technology. Today life cannot be imagined without these products. They have become a need.. Over the years these commodities increased in quantity, quality and technology. Today life cannot be imagined without these products. They have become a need.
Taking a closer look at the industry!
At first we have to understand what are consumer electronic goods and appliances. Consumer electronic goods are electronic equipment aimed for everyday common use and appliances usually refer to household machines which use electricity as an energy source.
Consumer electronic goods manufacturing companies sell household appliances, audio equipment (home theatre systems, speakers etc.), video equipment (cameras, camcorders television etc) mobile phones, and large appliances including washing machines and refrigerators and even small things such as circuit boards.
The industry is rather concentrated where almost 50 big companies account for more than 65 percent of the sales worldwide. These companies include Apple, Samsung, Sony, Phillips and LG.
The industry not only manufacture these products but also gain revenue from installation, repair and maintenance of these appliances and also build specific appliance parts which might be prone for extra sale.
Stats for a better understanding!
The global market of electrical household appliances was forecasted to have a demand of value more than 300 million US dollars for the year 2006 to 2013.
In 2010, approximately 125 billion U.S. dollars were generated as revenue worldwide through sale of large electrical appliances.
Due to rapidly shifting technology and transfer of production to low cost production destinations like china and India affordable appliances are available now. Major producers of appliances such as Japan and Taiwan are losing their market and china is the biggest consumer electronic good exporter of the world.
Consumer electronic goods importers prefer to import from consumer electronic goods supplier companies who have low cost branches in other countries. In Pakistan only more than 50% of the importation is done from china and a substantial amount from Malaysia.
The value of imports of household appliances in the USA from 2002 to 2012 amounted to almost more than 20 billion US dollars.
Countries in the EU used to produce quality electronic consumer goods but now the market there is very slow due to competition through globalization.
To sum up:
Consumer electronic good and appliances in B2B and B2C marketplaces are doing well because they are a necessity. However some countries such as China are doing better due to their low production rates but all the electronic good you require whether as wholesale dealers suppliers or home users they can be found at Sawdagger. It has a complete consumer electronic good and appliance supplier directory where you will surely find all that you desire.