- The growing digital transformation across households and workplaces has significantly elevated the demand for consumer electronics such as smartphones, televisions, laptops, and wearables
- Increased urbanization and tech-savvy younger populations, especially in emerging economies, are driving substantial sales in product categories including smart appliances, IT equipment, and digital imaging devices
- North America dominated the technical consumer goods (TCG) market with the largest revenue share in 2024, driven by strong demand for premium electronics and smart appliances, as well as increasing penetration of connected devices in households and enterprises
- Asia-Pacific region is expected to witness the highest growth rate in the global Technical Consumer Goods (TCG) market, driven by urbanization, a surge in consumer electronics manufacturing, favorable government policies, and expanding e-commerce platforms that facilitate easy access to a wide range of technical goods across emerging economies such as China, India, and Southeast Asia
- The consumer electronics segment dominated the market with the largest revenue share of 39.5% in 2024, driven by rising global demand for smartphones, smart televisions, and wearables. Technological advancements such as AI integration, ultra-HD displays, and multi-device connectivity continue to boost the appeal of modern consumer electronics. In addition, the shift toward remote work and hybrid learning environments has accelerated the adoption of personal electronic devices in both developed and emerging economies
