NUREMBERG, Germany, 2024 looks like a better year than 2023 for the global Consumer Tech and Durables (TandD) market. Inflation rates are easing, consumer confidence is rising, summer bookings are returning to pre-pandemic levels, and major sporting events such as the Paris Olympics and the European Football Championship in Germany are triggering demand.

At the mid-year point, most TandD segments are showing steady growth, and the market overall is slowly recovering, albeit still in negative territory. From January to June 2024, the global TandD market recorded a slight decrease in revenue of minus 0.6 percent to 395 billion US-dollars compared to the same period last year, and NIQ-GfK experts are forecasting that the trend will continue, with stable revenue of minus 0.1 percent for the full year 2024.

Source: BERNAMA News Agency