A is For Accessories
The Accessories market continues to be a standout in the consumer electronics industry, emerging from the background into a major force over the last several years. And it continues to shine. The Consumer Electronics Association’s (CEA) most recent sales and forecast report estimates sales of accessories will grow eight percent to nearly $9 billion this year. It predicts accessories will account for 11 percent of total CE industry growth this year with $16 billion in shipment revenues.
Even as the economy faces tough times, the CE industry continues to push forward and grow. CEA estimates consumers will spend roughly $5 billion of their 2008 stimulus rebate checks on CE products. With margins on products such as HDTVs coming under increasing pressure, retailers can find relief in the high margins gained from accessory sales.
CEA’s Accessories Division encourages accessory product sales, consumer education and the development of industry standards to promote continual growth, innovation and compatibility for CE accessories. Together, we can work to achieve this objective.