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Is online electronics’ store a profitable business for dropship ecommerce?

The increasing popularity of social media and sharing of stunning images has led to a rise in the trend of taking photos, which has increased the demand for cameras globally. Along with cameras, associated accessories are also in high demand. The rising income levels of consumers and technological advancements like HD cameras, touch screens, etc., have led to photography as a hobby gaining momentum with more and more millennials dabbling in photography on their travels. The popularity of digital SLR cameras is another major reason for the global market to rapidly gain traction. By 2020, the market is estimated to be worth USD 5.1 billion, expanding at a CAGR of 7.1%. There is a huge profit from selling cameras, camera equipment, and camera lenses online. It is a trending niche for dropshipping. Build your eCommerce store with VARStreet to sell cameras online in a week! Everything that we use today from laptops to tablets and from speakers to cameras is all a part of consumer electronics.

The United States consumer electronics market grossed over $70 billion in 2018 and is expected to top $95 billion by 2023. The increasing penetration of smartphones, coupled with the gradually declining prices, is contributing to massive growth in the consumer electronics market. The development of new technologies such as 4K, 8K, and OLED in audio and video electronic equipment such as TVs and speakers is further contributing to the rapid growth in the consumer electronics market. Home audio and theater systems are also witnessing a steep rise in sales. It is an exciting time to be a part of the consumer electronics industry. With an eCommerce platform like VARStreet, you have all the tools you need to set up your eCommerce store to sell electronics online.