Global Technical Consumer Goods (TCG) Market, By Product (Consumer Electronics, Home Appliances, Telecom, IT Office and Equipment), IT (Gaming, Pc, Video Game Consoles, Loudspeakers and Consumables) – Industry Trends and Forecast to 2029.
Market Analysis and Size
In the recent years, the technical consumer goods (TCG) have witnessed high attention among population owing to rapid digitization globally. With the advancements in technology, a high adoption of technical consumer goods (TCG) such as tablets, laptops and smartphones are being utilized for day-to-day activities .
Global Technical Consumer Goods (TCG) Market was valued at USD 14,05,000.00 million in 2021 and is expected to reach USD 19,52,621.54million by 2029, registering a CAGR of 4.20% during the forecast period of 2022-2029. “Consumer Electronics” in the product segment is expected to witness high growth owing to increased disposable income. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Market Definition
The technical consumer goods refer to the type of goods that are generally categorized into two sectors such as, home appliances and consumer electronics. These consumer electronics segment include the sale of photograph, telecom and IT office equipment. The home appliances sector is segmented into small domestic appliances and major domestic appliances.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Consumer Electronics, Home Appliances, Telecom, IT Office and Equipment), IT (Gaming, Pc, Video Game Consoles, Loudspeakers and Consumables)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Oura (Finland), Neuro Metrix, Inc. (US), GlaxoSmithKline plc (US), iPulse Medical (Israel), HEALBE (US), VivoSense (US), VivaLNK (US), Findster Technologies (Portugal), FitBark (US), Reckitt Benckiser Group plc (UK), L’Oreal (France), La Roche Posay (France), Koninklijke Philips N.V. (Netherlands), Google (US), Apple Inc. (US), SAMSUNG. (South Korea), among others
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Market Opportunities
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Technical Consumer Goods (TCG) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Sale of Consumer Electronics
The increase in the sales of consumer electronics along with home appliances across the globe acts as one of the major factors driving the growth of technical consumer goods (TCG) market.
- Popularity of Electronic Devices
The surge in the adoption of electronic devices, such as OLED TV sets, Bluetooth speakers and headphones among population accelerate the market growth.
- Rise in Gaming Sector
The rapid expansion of the gaming sector accelerating the demand for PC, gaming notebooks and various equipment further influence the market.
Opportunities
Furthermore, rise in the trend of wearable devices extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, strategic marketing will further expand the market.
Restraints/Challenges
On the other hand, maintenance cost and issues with the performance of batteries are expected to obstruct market growth. Also, maintenance of a price stability with connectivity and convenience is projected to challenge the technical consumer goods (TCG) market in the forecast period of 2022-2029.
This technical consumer goods (TCG) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on technical consumer goods (TCG) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Technical Consumer Goods (TCG) Market
The COVID-19 has impacted technical consumer goods (TCG) market. The limited investment costs and lack of employees hampered sales and production of electronic appliances. However, market key players adopted new safety measures for developing the products. The online distribution channel changing the shopping habits of people as it offers benefits such as easy payment methods, availability of a wide range of products, doorstep delivery and heavy discounts assisted in the growth of the market during the pandemic, and will further accelerate the growth during the post-pandemic situation.
Recent Developments
- Apple Inc. launched new iPad Air with the Apple-designed M1 chip on 8th March’2022. The new iPad delivers enhanced performance and features the new Ultra Wide front camera with Center Stage.
Global Technical Consumer Goods (TCG) Market Scope and Market Size
The technical consumer goods (TCG) market is segmented on the basis of product and IT. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Consumer Appliances
- Home Equipment
- Telecom
- It and Equipment
On the basis of product, the technical consumer goods (TCG) market is segmented as, consumer appliances, home equipment, telecom, IT and equipment.
IT
- Gaming, PC
- Video Game Consoles
- Loudspeakers
- Consumables
On the basis of IT, the technical consumer goods (TCG) market is segmented as gaming, pc, video game consoles, loudspeakers and consumables.
Technical Consumer Goods (TCG) Market Regional Analysis/Insights
The technical consumer goods (TCG) market is analysed and market size insights and trends are provided by country, product and IT as referenced above.
The countries covered in the technical consumer goods (TCG) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the technical consumer goods (TCG) market because of the technological developments and high adoption of the electronic devices within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in popularity of home appliances in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Technical Consumer Goods (TCG) Market Share Analysis
The technical consumer goods (TCG) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to technical consumer goods (TCG) market.
Some of the major players operating in the technical consumer goods (TCG) market are
- Oura (Finland)
- Neuro Metrix, Inc. (US)
- GlaxoSmithKline plc (US)
- iPulse Medical (Israel)
- HEALBE (US)
- VivoSense (US)
- VivaLNK (US)
- Findster Technologies (Portugal)
- FitBark (US)
- Reckitt Benckiser Group plc (UK)
- L’Oreal (France)
- La Roche Posay (France)
- Koninklijke Philips N.V. (Netherlands)
- Google (US)
- Apple Inc. (US)
- SAMSUNG. (South Korea)
Research Methodology: Global Technical Consumer Goods (TCG) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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