The U.S. computer hardware e-commerce market experienced notable fluctuations over the past decade. In 2013, sales stood at $14.68 billion and steadily increased, reaching $27.96 billion in 2023. The highest year-on-year growth was recorded in 2016 at 21.05%, largely driven by industry innovations and surging consumer demand. From 2018 onwards, growth moderated, with 2022 seeing a slight contraction of 1.38%. However, by 2023, there was a modest recovery with a 3.36% increase. The five-year CAGR as of 2023 was 3.78%, illustrating a period of growth deceleration. Future projections indicate a slower but steady growth rate, with a forecasted five-year CAGR of 2.2%, reaching $32.29 billion by 2028.
Future Trends to Watch for:
• Increased adoption of emerging technologies, such as AI and IoT, to drive market growth.
• Shift towards environmentally sustainable and energy-efficient hardware products.
• Expansion of e-commerce platforms and digital payment solutions enhancing consumer accessibility.
• Potential supply chain disruptions and geopolitical factors influencing market dynamics.
• Continued emphasis on cybersecurity amid rising concerns over data breaches and privacy.