Industry Statistics and Trends
Consumer Electronics Manufacturing in Europe key trends
Leading Asian manufacturers favour Central and Eastern Europe as production locations.
Asia's consumer electronics giants operate factories in Central and Eastern Europe, where they benefit from a skilled workforce, low labour costs and access to the EU market.
Asian manufacturers dominate the global electronics market.
Asian countries dominate the production of consumer electronics due to efficient supply chains, large-scale production and low-cost labour. European demand is mainly met by imports from Asia.
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Consumer Electronics Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Consumer Electronics Manufacturing in Europe market size (2019-2024)
Industry revenue has grown at a CAGR of 0.1 % over the past five years, to reach an estimated €24.0bn in 2024.
Trends and Insights
To keep up with market trends, European manufacturers need to be innovative
- Demand for consumer electronics from households in countries with high purchasing power, such as the UK, Germany, France and the Netherlands, generally rises sharply as soon as new, innovative products come onto the market.
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Consumer Electronics Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Strict EU regulations and rising energy costs compel manufacturers to develop more environmentally friendly products
- The EU has enacted laws such as the Ecodesign Directive and the Energy Labelling Regulation, which set standards for the energy efficiency and ecodesign of products to reduce energy consumption and their environmental impact. Manufacturers that do not comply with these standards face market restrictions, legal sanctions and reputational damage.
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Revenue
€24.0bn
Employees
83,974
Wages
€X.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Consumer Electronics Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
The Samsung Group | 218,000.0 | 13,500.0 | 6.2 | |
LG Electronics Inc | 64,270.0 | 2,640.0 | 4.1 | |
Koc Holding AS | 49,400.0 | 4,500.0 | 9.1 |
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Consumer Electronics Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Consumer Electronics Manufacturing industry in Europe in 2024?
The market size of the Consumer Electronics Manufacturing industry in Europe is €24.0bn in 2024.
How many businesses are there in the Consumer Electronics Manufacturing in Europe industry in 2024?
There are 3,862 businesses in the Consumer Electronics Manufacturing industry in Europe, which has grown at a CAGR of 2.4 % between 2019 and 2024.
Has the Consumer Electronics Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Consumer Electronics Manufacturing industry in Europe has been growing at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Consumer Electronics Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Consumer Electronics Manufacturing industry in Europe is expected to grow.
What does the Consumer Electronics Manufacturing in Europe include?
Sound systems and Sound systems are part of the Consumer Electronics Manufacturing industry.
Which countries have the most businesses in the Consumer Electronics Manufacturing industry in Europe?
The European country with the most businesses in the Consumer Electronics Manufacturing industry is Germany.
How competitive is the Consumer Electronics Manufacturing industry in Europe?
The level of competition is high and increasing in the Consumer Electronics Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Consumer Electronics Manufacturing in Greece
- Consumer Electronics Manufacturing in Russia
- Consumer Electronics Manufacturing in Slovakia
- Consumer Electronics Manufacturing in Italy
- Consumer Electronics Manufacturing in Poland
- Consumer Electronics Manufacturing in Ireland
- Consumer Electronics Manufacturing in Finland
- Consumer Electronics Manufacturing in Germany
- Consumer Electronics Manufacturing in Austria
- Consumer Electronics Manufacturing in Romania
- Consumer Electronics Manufacturing in Norway
- Consumer Electronics Manufacturing in the UK
- Consumer Electronics Manufacturing in Estonia
- Consumer Electronics Manufacturing in Latvia
- Consumer Electronics Manufacturing in Slovenia
- Consumer Electronics Manufacturing in Portugal
- Consumer Electronics Manufacturing in Czechia
- Consumer Electronics Manufacturing in Serbia
- Consumer Electronics Manufacturing in Sweden
- Consumer Electronics Manufacturing in Turkey
- Consumer Electronics Manufacturing in Croatia
- Consumer Electronics Manufacturing in Bulgaria
- Consumer Electronics Manufacturing in Spain
- Consumer Electronics Manufacturing in France
- Consumer Electronics Manufacturing in Lithuania
- Consumer Electronics Manufacturing in the Netherlands
- Consumer Electronics Manufacturing in Switzerland
- Consumer Electronics Manufacturing in Denmark
- Consumer Electronics Manufacturing in Germany
- Consumer Electronics Manufacturing in Europe
Table of Contents
About this industry
Industry definition
Companies in the industry manufacture electronic audio and video equipment. The industry's products are used for home entertainment, motor vehicles, sound systems and the amplification of musical instruments.
Related Terms
QLED (Quantum-Dot Light Emitting Diode)OLEDArtificial Intelligence (AI)Augmented Reality (AR) Virtual Reality (VR) AMPLIFICATIONWhat's included in this industry?
Sound systemsSound systemsMicrophones, headphones and earbudsVideo game consolesCompanies
The Samsung GroupLG Electronics IncKoc Holding ASIndustry Code
264 - Manufacture of consumer electronics in Europe
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Performance
Key Takeaways
To keep up with market trends, European manufacturers need to be innovative
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Consumer Electronics Manufacturing in Europe industry (2011 -2029)
- Employees in the Consumer Electronics Manufacturing in Europe industry (2011 -2029)
- Business in the Consumer Electronics Manufacturing in Europe industry (2011 -2029)
- Profit in the Consumer Electronics Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Consumer Electronics Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Consumer Electronics Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Consumer Electronics Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Consumer Electronics Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Sound system manufacturers are focusing on providing a better user experience. Trends such as wireless connectivity and Dolby Atmos are revolutionising the sound experience through immersion and ease of use.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Consumer Electronics Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Consumer Electronics Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Consumer Electronics Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Asian manufacturers of consumer electronics dominate the market. Samsung and LG operate mass production facilities in Europe and have significant market shares.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for The Samsung Group
- Countries of operation for LG Electronics Inc
- Countries of operation for Koc Holding AS
- Countries of operation for Panasonic Holdings Corporation
- Countries of operation for Robert Bosch GmbH
- Countries of operation for Sony Group Corporation
- Countries of operation for Sennheiser Group
- Countries of operation for Technisat Digital GmbH
- Countries of operation for Hisense Co Ltd
- Countries of operation for B&W Group Ltd
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
European manufacturers must comply with safety and waste regulations. Electronics manufacturers must comply with CE labelling, the RoHS Directive (restriction of hazardous substances), the WEEE Directive (waste management), the REACH Regulation (chemical safety) and other health, safety and environmental standards.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Consumer Electronics Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Cheap imports impact profits in the European electronics industry. European electronics manufacturers are exposed to price pressure due to cheaper imports, which reduces their profits. In order to defend their market share and profits, they have to be highly innovative.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Consumer Electronics Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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