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Learn moreOct 2020
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For the most part, in 2020 there has been only a marginal impact on volume sales of consumer electronics by the impact of COVID-19, with volume sales growth likely to be little changed from prior year. Although there were store closures early in the year which limited access to various items, this has been offset somewhat by more consumers going online to purchase their consumer electronics.
From 14 March, all foreigners from high-risk COVID-19 territories were prohibited from entering the country, with citizens of the Czech Republic and foreigners with permanent or temporary residence in the Czech Republic prohibited from visiting these territories. From 16 March, restrictions on the free movement of people were applied throughout the country under a national state of emergency, with leaving home only permitted for instances like travelling to work or on business or going to see family or next of kin.
Despite a slight decline in volume share, Samsung Electronics Czech & Slovak is set to continue to lead consumer electronics in 2020, a position to which the company has held tight throughout the review period. The company continues to benefit from its established presence in several consumer electronics categories; it is set to remain the leader in the large categories of mobile phones and home video in 2020, in tandem with a strong position in home audio and cinema.
In 2017, e-commerce became the distribution leader in consumer electronics, and since then the channel has continued to expand its distribution share. Indeed, after recording just less than a quarter of distribution share in 2014, the channel has surged and is now set to post a share of nearly three times that in 2020.
The lingering impact of the COVID-19 pandemic is not expected to significantly affect demand for consumer electronics over the forecast period. Overall, volume sales are expected to grow, albeit at a very low CAGR; on the other hand, that rate is projected to be higher than the marginal CAGR recorded during the review period.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Electronics industry in Czech Republic with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Electronics industry in Czech Republic, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Czech Republic for free:
The Consumer Electronics in Czech Republic market research report includes:
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This industry report originates from Passport, our Consumer Electronics market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.