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 2030.
Technical Consumer Goods (TCG) Market Analysis and Size
The essential factors contributing to the growth of the global technical consumer goods (TCG) market in the forecast period of 2023 to 2030 include the increased sale of consumer electronics. Also, the rising gaming sector is significantly contributing to the market’s growth.
Data Bridge Market Research analyses that the global technical consumer goods (TCG) market which was USD 1,464.01 billion in 2022, is expected to reach USD 2,034.63 million by 2030, growing at a CAGR of 4.2% during the forecast period of 2023 to 2030. In 2023, mobile tiny homes segment will dominate the market due to rise in demand of tiny homes for various packaging applications. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, 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.
Technical Consumer Goods (TCG) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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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. (U.S.), GlaxoSmithKline plc (U.S.), iPulse Medical (Israel), HEALBE (U.S.), VivoSense (U.S.), VivaLNK (U.S.), Findster Technologies (Portugal), FitBark (U.S.), Reckitt Benckiser Group plc (U.K.), L’Oreal (France), La Roche Posay (France), Koninklijke Philips N.V. (Netherlands), Google (U.S.), Apple Inc. (U.S.), SAMSUNG. (South Korea)
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Market Opportunities
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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.
Global Technical Consumer Goods (TCG) Market Dynamics
Drivers
- Sale of Consumer Electronics
Consumer electronics are known for their rapid innovation cycles and constant product upgrades. Manufacturers release new versions of smartphones, laptops, TVs, and other gadgets regularly. This encourages consumers to replace their existing devices with the latest models, driving sales. Many consumer electronics products offer customization options, allowing consumers to tailor their devices to their preferences. This personalization factor can drive sales as consumers seek unique experiences. In addition, effective marketing and customer education can play a crucial role in stimulating consumer interest and driving sales in this competitive market.
- Rise in Gaming Sector
The gaming industry relies heavily on specialized hardware, such as gaming consoles, high-performance PCs, gaming laptops, and accessories like controllers, keyboards, and mice. The demand for these gaming-specific devices can boost overall TCG sales. E-sports, competitive video gaming, has grown immensely in popularity. E-sports events and leagues require advanced gaming setups, including powerful computers, monitors, and peripherals. This drives sales in the TCG market, particularly among enthusiasts and professional gamers. In addition, staying attuned to emerging gaming technologies and trends is essential for TCG market success in this rapidly evolving industry.
Opportunity
- Rise in the Trend of Wearable Devices
Wearable devices encompass a wide range of products, including smartwatches, fitness trackers, augmented reality glasses, and smart clothing. This diversity allows companies to tap into various niches within the TCG market. Health-conscious consumers are increasingly adopting wearables to monitor their physical activity, heart rate, sleep patterns, and more. This creates a robust market for fitness trackers and health-focused wearables. Smartwatches offer a blend of functionality, fashion, and convenience. They serve as an extension of smartphones, allowing users to receive notifications, track workouts, make payments, and access apps. The demand for smartwatches has been steadily rising. In addition, addressing data privacy and security concerns is essential to build trust with consumers who value their personal data. It will provide better opportunities in the market.
Restraint/Challenge
- Maintenance Cost and Issues with the Performance of Batteries
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 2023-2030.
Recent Development
- In March 2023, Google announced that the company will roll out its Google Play Games for PC Service in the European and Japanese markets. They also mentioned adding new tools and titles for game developers
- In February 2023, Clikon, a fast-growing supplier of electronics and home appliance products, launched a new range of stylish and highly functional microwave ovens called Retro. The product not only simplifies reheating but also speeds up the process
- In March 2022, Apple Inc. had launched a new iPad Air with the Apple-designed M1 chip. The new iPad delivers enhanced performance and features the new Ultra Wide front camera with Center Stage
Global Technical Consumer Goods (TCG) Market Scope
The global technical consumer goods (TCG) market is segmented on the basis of product and IT. The growth amongst these segments will help you analyse meagre 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 Type
- Consumer Appliances
- Home Equipment
- Telecom
- IT and Equipment
- IT
- Gaming, PC
- Video Game Consoles
- Loudspeakers
- Consumables
Global Technical Consumer Goods (TCG) Market Regional Analysis/Insights
Global technical consumer goods (TCG) market is analysed and market size insights and trends are provided by product type and IT as referenced above.
The countries covered in the Global 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 global technical consumer goods (TCG) market due to the rise in technological developments and high adoption of the electronic devices within the region.
Asia-Pacific is expected to grow during the forecast period of 2023 to 2030 because of the rising popularity of home appliances in the region, hence contributing in the market growth.
The country section of the report also provides individual market impacting factors and changes in regulations 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 Global Technical Consumer Goods (TCG) Market Share Analysis
The global 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 global technical consumer goods (TCG) market.
Some of the major players operating in the global technical consumer goods (TCG) market are:
- Oura (Finland)
- Neuro Metrix, Inc. (U.S.)
- GlaxoSmithKline plc (U.S.)
- iPulse Medical (Israel)
- HEALBE (U.S.)
- VivoSense (U.S.)
- VivaLNK (U.S.)
- Findster Technologies (Portugal)
- FitBark (U.S.)
- Reckitt Benckiser Group plc (U.K.)
- L’Oreal (France)
- La Roche Posay (France)
- Koninklijke Philips N.V. (Netherlands)
- Google (U.S.)
- Apple Inc. (U.S.)
- SAMSUNG. (South Korea)
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