Blockchain Press Releases
Technical Consumer Goods (TCG) Market size to grow by USD 1958.76 billion from 2022 to 2030; Higher reliance on modern technology for functional purposes to boost the market growth – Zion Market Research
NEW YORK, July 6, 2023 /PRNewswire/ — As per Zion Market Research study, the global Technical Consumer Goods (TCG) market size was worth around USD 1413.26 billion in 2022 and is predicted to grow to around USD 1958.76 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.16% between 2023 and 2030
Report Link with All Related Graphs & Charts: https://www.zionmarketresearch.com/report/technical-consumer-goods-tcg-market
Technical Consumer Goods (TCG) Market: Overview
A consumer good is also known as a final good. It is an item that is ready for sale to be used by the final consumer and does not require any more processing. It is different from an intermediate product which has to pass through additional processes to be ultimately used as per its intended application. Technical consumer goods (TCG) are a part of the broader consumer goods segment since these items are powered by energy and technology plays a crucial role in determining the functional aspects of TCG, unlike other non-technical products such as a bicycle or food products. The companies operating in the TCG sector deal with constant technological evolution and hence tend to be more high-tech. During the forecast period, the companies providing such products may register steady growth.
Get a Free Sample PDF of this Research Report for more Insights with Table of Content, Research Methodology, and Graphs – https://www.zionmarketresearch.com/sample/technical-consumer-goods-tcg-market
Our Free Sample Report Consists of the Following:
- 2023 Updated Report Introduction, Overview, and In-depth industry analysis
- 219+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes an Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Zion Market Research Methodology
Key Industry Insights & Findings of the Technical Consumer Goods (TCG) Market Reports:
- As per the analysis, the Technical Consumer Goods (TCG) market is likely to grow above a CAGR of around 4.16% between 2023 and 2030.
- The Technical Consumer Goods (TCG) market size was worth around US$ 1413.26 billion in 2022 and is estimated to hit approximately US$ 1958.76 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The technical consumer goods market is projected to grow at a significant rate due to the higher reliance on modern technology for functional purposes
- Based on product segmentation, telecom was predicted to show maximum market share in the year 2022
- Based on end-user segmentation, personal was the leading user in 2022
- On the basis of region, North America was the leading revenue generator in 2022.
Zion Market Research published the latest report titled ” Technical Consumer Goods (TCG) Market By Product (Telecom, Home Equipment, Consumer Appliances, Information Technology & Equipment, And Others), By End-User (Business-Oriented And Personal), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” into their research database.
Market Dynamics:
Technical Consumer Goods (TCG) Market: Growth Drivers
The global technical consumer goods (TCG) market is projected to grow owing to the rising applications of these products ranging from personal level to professional level. The expansion trajectory is further led by the rising investments directed toward product innovation, feature upgrades, and product diversification. For instance, until the last decade, smartphones were considered highly exclusive. However, as of 2023, these advanced TCG items are available across price ranges and cater to the needs of diverse consumer groups.
Furthermore, rising initiatives by regional governments to attract international players while also promoting domestic businesses could be beneficial in higher supply and subsequent consumption of technical consumer goods such as laptops, video games, home security systems, and other items. A 2021 report by the Economic Times pointed out that India’s foreign direct investment (FDI) in the technology sector between April and September 2020 grew by 336%. Other factors such as increasing job opportunities, rising employment rate, and strengthening of purchasing power are important for the TCG manufacturers since it allows consumers to spend on items that may not be an absolute necessity but a long-awaited want.
Technical Consumer Goods (TCG) Market: Restraints
The global technical consumer goods industry may register growth limitations due to the overall economic slowdown period which is currently in its initial phase resulting in people becoming more cost-conscious. Moreover, the rapid rate of technical innovation, in certain instances, may work against the market due to the availability of multiple options leading to confusion and indecisiveness in the consumer segment.
Technical Consumer Goods (TCG) Market: Opportunities & Challenges
The increasing adoption of smart home systems would provide higher growth opportunities whereas the rising sale of counterfeit or low-quality products is a major challenge for businesses.
Directly Purchase a Copy of The Report with TOC | Quick Delivery Available @ https://www.zionmarketresearch.com/buynow/su/technical-consumer-goods-tcg-market
Global Technical Consumer Goods (TCG) Market: Segmentation
The global technical consumer goods (TCG) market is segmented based on product, end-user, and region.
Based on product, the global market segments are telecom, home equipment, consumer appliances, information technology & equipment, and others. The TCG sector registered the highest growth in the telecom segment. It deals with devices and systems used for communication purposes and includes smartphones, feature phones, landline phones, routers, and related accessories. In recent times, telecom products have witnessed massive growth and demand led by increased sales of smartphones along with rising undertakings by network service providers to launch new technologies and systems that aid better connectivity. This segment is not specific to a single user type since it is crucial for companies, individuals, businesses, government sectors, and private companies. In 2022, the global telecom industry was worth more than USD 1.8 trillion.
Based on the end-user, the technical consumer goods industry divisions are business-oriented and personal. The highest CAGR was observed in the personal segment in 2022 due to the higher consumption of several technical consumer goods that are used in residential settings or for personal purposes. For instance, products such as laundry machines, microwaves, home security systems, audio devices, gaming consoles, and other products are used by individuals to improve their quality of living and include factors such as convenience, safety, and entertainment. Business-oriented TCG items are more restricted in terms of range when compared to their counterparts. With the growing purchasing power of individuals and the rising adoption of technical systems for everyday activities, the personal segment is expected to continue its growth streak. As of July 2022, PS2 has become the world’s best-selling video game with sales worth more than 158 million units.
Get More Insight before Buying @ https://www.zionmarketresearch.com/inquiry/technical-consumer-goods-tcg-market
Competitive Players
The report contains qualitative and quantitative research on the global technical consumer goods (TCG) market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.
Some of the main players in the global technical consumer goods (TCG) market include;
- Apple Inc.
- Samsung Electronics Co. Ltd.
- Sony Corporation
- LG Electronics Inc.
- Panasonic Corporation
- Huawei Technologies Co. Ltd.
- Xiaomi Corporation
- Microsoft Corporation
- Lenovo Group Limited
- Dell Technologies Inc.
- HP Inc.
- Canon Inc.
- Nikon Corporation
- GoPro Inc.
- Fitbit Inc.
- Garmin Ltd.
- Sonos Inc.
- Bose Corporation, and others.
Key questions answered in this report:
- What is the growth rate forecast and market size for Technical Consumer Goods (TCG) Market?
- What are the key driving factors propelling the Technical Consumer Goods (TCG) Market forward?
- What are the most important companies in the Technical Consumer Goods (TCG) Market Industry?
- What segments does the Technical Consumer Goods (TCG) Market cover?
- How can I receive a free copy of the Technical Consumer Goods (TCG) Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Report Details |
|
Market Size in 2022 |
USD 1413.26 Billion |
|
Market Forecast in 2030 |
USD 1958.76 Billion |
|
Growth Rate |
CAGR of 4.16% |
|
Base Year |
2022 |
|
Forecast Years |
2023- 2030 |
|
Key Companies Covered |
Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, LG Electronics Inc., Panasonic Corporation, Huawei Technologies Co. Ltd., Xiaomi Corporation, Microsoft Corporation, Lenovo Group Limited, Dell Technologies Inc., HP Inc., Canon Inc., Nikon Corporation, GoPro Inc., Fitbit Inc., Garmin Ltd., Sonos Inc., Bose Corporation, Philips Electronics N.V., TCL Technology Group Corporation, Sharp Corporation, Haier Group Corporation, Whirlpool Corporation, Electrolux AB, and Miele & Cie. KG. |
|
Segments Covered |
By Product, By End-User, and By Region |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
|
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
Request Brochure of the Global Technical Consumer Goods (TCG) Market @ https://www.zionmarketresearch.com/requestbrochure/technical-consumer-goods-tcg-market
Recent Developments:
- In March 2023, Google announced that the company will roll out its Google Play Games for PC Service in the European and Japanese markets. They also mentioned adding new tools and titles for game developers
- In February 2023, Clikon, a fast-growing supplier of electronics and home appliance products, launched a new range of stylish and highly functional microwave ovens called Retro. The product not only simplifies reheating but also speeds up the process
- In October 2022, India witnessed the launch of new series of LG microwaves called LG Charcoal Microwave
Regional Analysis:
The global technical consumer goods (TCG) market is expected to be dominated by North America during the forecast period due to the presence of key players in the United States region and the growing projects undertaken by them to sustain their dominance in the technical field. Furthermore, favorable government policies, growing per capita income, and high purchasing power are additional factors impacting regional growth trajectory.
Asia-Pacific is projected to register considerable revenue mainly driven by rising population along with growing demand for technical consumer goods. Increasing adoption of digital systems in the education sector may also play a crucial role in determining future growth trajectory along with surging numbers of new product launches and innovations. The international market is targeting Asia-Pacific for the sale of TCG keeping in view the growing potential of regional countries.
Global Technical Consumer Goods (TCG) Market is segmented as follows:
By Product Outlook (2023-2030)
- Telecom
- Home Equipment
- Consumer Appliances
- Information Technology & Equipment
- Others
By End-User Outlook (2023-2030)
- Business-Oriented
- Personal
By Region Outlook (2023-2030)
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Browse Other Related Research Reports from Zion Market Research
- Hairbrush Market By End-User (Women, Men, And Children), By Product Type (Vented Brush, Paddle Brush, Round Brush, And Others), By Application (Personal And Professional), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/hairbrush-market-size
- Roofing Underlayment Market By Application (Commercial Construction, Residential Construction, And Non-Commercial Construction), By Product (Non-Bitumen Synthetic, Asphalt-Saturated Felt, And Rubberized Asphalt), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/roofing-underlayment-market-size
- Roof Window Market – By Material Type (Wood, Polyurethane (PU), Polyvinyl Chloride (PVC), Aluminum, Others [Composite, Fiberglass, Etc.]), By Application (Residential, Commercial), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/roof-window-market
- Cooler Box Market By Type (Reusable, Disposable), By Raw Material (Extruded Polystyrene, Expanded Polystyrene, PU Foam, Expanded Polypropylene), By End Users (Pharmaceuticals, Food & Beverages, Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/cooler-box-market-size
- Facial Cleanser Market By Product Type (Solvent-Based Cleanser, Foam Type Cleanser, No Foam Cleanser, Face Cream, Face Oil, Collagen Type Cleanser), By End-User (Commercial And Personal), By Type (Efficacy Type, Scrub Type, And Normal Type), By Distribution Channel (Offline, Online, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/facial-cleanser-market
- Hearable Market By Type (In-Ear, Over-Ear, And On-Ear), By Product (Headsets, Earbuds, And Hearing Aids), By End-User (Industrial, Healthcare, Manufacturing, Construction, And Consumer), By Communication Technology (Bluetooth, Wireless, Wi-Fi, Wired, And Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/hearable-market
Browse through Zion Market Research’s coverage of the Global Consumer Goods Industry
Follow Us on – LinkedIn | Twitter | Facebook | Pinterest | YouTube
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, and company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries.
Our database is been updated constantly to fulfil our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +1 (844) 845-5245
USA/Canada Toll-Free No. +1 (855) 465-4651
Email: [email protected]
Website: https://www.zionmarketresearch.com/
Logo: https://mma.prnewswire.com/media/1605489/Zion_Market_Research_Logo.jpg
Blockchain Press Releases
From DeFi to Tokenization: Bybit’s Shunyet Jan Explores the Future of Crypto Trading at iFX EXPO
DUBAI, UAE, Jan. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, was presented by Shunyet Jan, Head of Derivatives Business and Institutional Sales, at the iFX EXPO.
Shunyet joined an expert panel titled “Crypto Trading: Finding the Evergreen” to discuss the evolving dynamics of the cryptocurrency market. The session, moderated by Karnika E. Yashwant, Founder and Chairman of KEY Difference, featured Wael Makarem, Financial Markets Strategists Lead at Exness, alongside Shunyet. Together, the panelists explored the concept of “evergreen” strategies in crypto trading, examining how to identify and implement approaches that stand the test of time.
Reflecting on the discussion, Shunyet Jan said, “The iFX EXPO brought together some of the sharpest minds in trading and crypto to tackle the hard questions that define success in a volatile market. Sitting alongside Wael Makarem and Mr. Key on the panel, we delved into the forces shaping crypto’s future – from the integration of AI to the shifting role of institutional players and evolving regulations. Conversations like these are crucial for advancing the industry and helping participants find the ‘evergreen’ in an ever-changing landscape.“
Key discussion points included navigating market volatility, leveraging AI and machine learning for sustainable strategies, the role of institutional players and evolving regulations, and the importance of psychological resilience in long-term trading success. They also analyzed emerging market trends, such as DeFi and tokenization, and shared practical tips for avoiding common pitfalls and building diversified portfolios that thrive in a volatile environment.
Shunyet Jan also led a Gold and Forex workshop at Bybit’s Dubai HQ, generating strong interest in the platform. Bybit’s new MetaTrader-5 license provides professional traders with access to gold, forex, and cryptocurrencies, offering advanced tools, up to 500x leverage, competitive fees, and an intuitive interface for a seamless trading experience.
The iFX EXPO, the online trading industry’s biggest event series, bridges the world’s top brands with like-minded professionals, traders, and more. It has grown into a global standard, providing every individual a hub to network, exchange ideas, and grow their business. The iFX EXPO remains a vital platform for fostering dialogue and collaboration among industry leaders, and Shunyet’s contributions underscore Bybit’s commitment to advancing the cryptocurrency space.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2601577/Bybit_s_Shunyet_Jan.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/from-defi-to-tokenization-bybits-shunyet-jan-explores-the-future-of-crypto-trading-at-ifx-expo-302355234.html
VICTORIA, Seychelles, Jan. 20, 2025 /PRNewswire/ — KuCoin, a globally recognized cryptocurrency exchange, has announced the appointment of BC Wong as its new Chief Executive Officer (CEO). This strategic decision underscores KuCoin’s commitment to global growth, innovation, and regulatory compliance.
BC Wong, widely known within the organization as “BC,” is a seasoned leader with extensive experience in the cryptocurrency industry. As a key member of KuCoin’s leadership team, his expertise and strategic vision have been instrumental in establishing KuCoin as a reliable platform for millions of users worldwide.
Throughout his tenure, BC has advanced global regulatory engagement while skillfully navigating industry challenges. Under his leadership, KuCoin remains dedicated to prioritizing user-centricity, robust security, and technological innovation.
“Our priority is to build a reliable platform for our users,” BC stated. “As CEO, I am focused on enhancing our global presence and fostering collaboration with regulators to create a secure, inclusive financial ecosystem. Together with our partners and users, we will shape the future of finance.”
Focus on Compliance and Reliability
A Singaporean with a Juris Doctor degree from Singapore Management University and a master’s degree from George Washington University, Wong brings a global perspective to KuCoin. In his previous role as Chief Legal Officer, he spearheaded efforts to secure regulatory licenses and strengthen relationships with regulators, reinforcing KuCoin’s commitment to compliance.
Wong has been instrumental in collaborating with regulators across the EU, Asia, the Middle East, and Africa, reinforcing KuCoin’s reputation as a compliant and secure platform. His strategic efforts have reinforced KuCoin’s commitment to providing a safe and reliable trading environment on a global scale.
Empowering Users Globally
KuCoin is dedicated to democratizing access to cryptocurrency through secure and innovative solutions. By expanding its presence in key markets, the company continues to provide seamless, user-friendly experiences for investors worldwide.
Under BC’s leadership, KuCoin has also prioritized Corporate Social Responsibility (CSR), partnering with organizations such as the Global CSR Foundation and the American Medical Women’s Association. Notable initiatives include participation in the UN COP28 Climate Change Conference, Green Blockchain Projects, the Light Up Africa Program, and the Climate Change Bucket initiative, benefiting over 50,000 women and children globally.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 38 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
Photo – https://mma.prnewswire.com/media/2601542/BC_Wong_CEO_KuCoin.jpg
Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kucoin-appoints-bc-wong-as-ceo-to-lead-compliance-and-global-expansion-302355187.html
Blockchain Press Releases
The Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
MIAMI, Jan. 18, 2025 /PRNewswire/ — The Moskowitz Law Firm, PLLC announces the preliminary approval of a proposed class action settlement that would benefit purchasers and legal title holders of Astrals Non-Fungible Tokens or Galaxy Tokens:
On January 14, 2025, the United States District Court for the Southern District of Florida preliminarily approved a proposed settlement of a class action captioned Harper v. O’Neal, Case No. 23-CV-21912-MORENO. The settlement class includes persons and entities who, from May 24, 2022 to January 14, 2025, purchased Astrals NFTS and/or who, before January 14, 2025, purchased GLXY tokens.
Claims for settlement benefits must be submitted by April 17, 2025. Objections to the settlement and requests for exclusion from the settlement must be received by March 3, 2025 in accordance with the instructions in the Class Notice, which is posted on the settlement website www.astralsnftsettlement.com. The Court will hold a Final Approval Hearing on April 1, 2025, at 9:30 a.m. For more information about the settlement and its terms please visit www.astralsnftsettlement.com.
If you have questions about any matter in this Class Notice, please contact the following representative of Class Counsel, who can answer questions:
Adam M. Moskowitz
The Moskowitz Law Firm, PLLC
P.O. Box 653409
Miami, FL 33175
(305) 740-1423
[email protected]
[email protected]
-
Blockchain4 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain5 days agoBlocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap)
-
Blockchain Press Releases5 days agoHTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
-
Blockchain6 days ago
MiCA Starts Now: What Crypto Businesses Need to Know. Kyrrex and Simplify Labs announce a new webinar for crypto businesses
-
Blockchain Press Releases3 days ago
Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain3 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain Press Releases3 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
