The outlook for the electrical and electronics market in China looks very promising and is projected to grow at a CAGR of 10.22% over the forecast period. In 2015, the electrical and electronics sector had a share of 6.1% of total retail in China. The share of online spending on overall electrical and electronics spending is likely to reach 21.8% in 2020.
- The outlook for the electrical and electronics market in China looks very promising and is projected to grow at a CAGR of 10.22% over the forecast period
- A rising middle class with increased disposable income and altering lifestyles are driving retail demand and retailer’s expansion plans in tier lll and tier lV cities will drive further growth
- Electronics specialist retailers continue to remain the prime channel for sales in the country
- Online spending on the electrical and electronics sector is expected to achieve a significant growth of 16.86%, during 2015–2020
Verdict Retail’s “Electrical and Electronics Retailing in China – Market Summary & Forecasts” is a detailed sector report providing a comprehensive analysis of the emerging trends, forecasts and opportunities to 2020.
Single user price: $1,250