The eCommerce market for Electronics & Media

The Electronics & Media eCommerce segment is one of the rather mature categories with a total global revenue of US$359.4 billion in 2017.

This equals about 24% of the overall eCommerce revenue.

 

Around 82% of Electronics & Media revenue comes from the three main markets United States, Europe and China. China is the biggest market with a total revenue of US$112.8 billion, representing 31% of the global revenue in this category.
In the U.S., online purchases of Electronics & Media products sum up to US$99.0 billion in 2017, which is 28% of the global revenue in this segment.
The third largest market is Europe with 23% of revenue, equaling US$83.8 billion in 2017. Within Europe, the UK accounts for US$26.8 billion in revenue, which makes it the biggest market in Europe, followed by Germany with US$20.3 billion.
Source: Statista Digital Market Outlook 2017

 

Future development

Although Electronics & Media products paved the way for almost all products that are sold online today, the market still has a significant growth potential.
While physical media products like books, audio disks etc. have already reached saturation and are forecast to decline over the next years, consumer electronics show relevant growth potential as sales shift more and more from offline stores to online platforms.
Large product categories like smartphones and tablets are already saturating in developed markets. Upcoming new products like wearable devices and augmented or virtual reality headsets, wireless loudspeakers etc. have not reached comparable sales volumes yet.
Physical media products such as books, CDs, BluRays etc. face strong competition by their digital substitutes and way more convenient ways of access like internet-based streaming or on-demand services.

Source: Statista Digital Market Outlook 2017

 

The U.S. market is expected to grow by US$26bn by 2022 at a CAGR1 of 4.8%, reaching a total market size of US$125.1bn, with physical media product sales reaching saturation by the end of this period.
China, on the other hand, is expected to almost double its Electronics & media online revenue between 2017 and 2022 at a CAGR of 11.2%
In Europe, the average annual growth rate is 6.0%, mainly driven by consumer electronics sales.
(CAGR: Compound Annual Growth Rate / average growth rate per year)

 

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As of November 2017