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U.S. consumer tech spending will grow slightly in 2024 and hit 4.4% growth in 2025 | CTA
The CTA projects that overall retail revenues for the U.S. consumer technology industry will finally grow 1% in 2024 to $505 billion.
As that means that equipment bought during the pandemic — part of a boom in tech spending spurred by the work-from-home movement — will start to get old and ready to be replaced, Kowalski said. HP OmniBook Ultra 14 laptop starts at $1,500.Of course, amid the crazy supply chain whips of the pandemic, prices stayed high or rose because of severe parts shortages. The CTA forecast for the U.S. consumer technology market.“Production replacement or replenishment from devices people purchased in the pandemic — we’re starting to see an uptick in activity right now,” Kowalski said.
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