Forecast: Turnover of Retail of Electrical Appliances, Communication Appliances and Electronical Appliances Markets in China

The turnover of the retail market for electrical, communication, and electronic appliances in China is projected to grow from 661.55 billion yuan in 2024 to 807.93 billion yuan in 2028. Compared to recorded data up to 2023, this represents a consistent year-on-year increase. The yearly growth rates reflect a robust market expansion, showing a continuous commitment to technology adoption and consumer demand in China. By 2028, the compound annual growth rate (CAGR) over the five-year forecast period demonstrates strong, stable market growth potential.

Future trends to watch for include:

  • Expansion of smart home technology and IoT integration.
  • Increased adoption of renewable energy-powered appliances.
  • Growth in online retail channels for appliance purchasing.
  • Advancements in 5G and AI technologies enhancing communication devices.

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