Electronics market in the UK
Market development
eCommerce revenue development in the Electronics market in the UK
The UK Electronics eCommerce market is predicted to reach US$27,909.8 million by 2024 and accounts for 16.5% of the total eCommerce market in the United Kingdom. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 5.0%, resulting in a projected market volume of US$33,884.1 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
eCommerce revenue development in the Electronics market in the UK
eCommerce revenue growth in the Electronics market in the UK
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 16.3 | 50.7 | 64.2 | 10.5 | 73.8 | 3.6 | 28.1 | 8.3 |
Top stores
Top five Electronics online stores in the UK by net sales 2023
With sales in the UK Electronics market, amazon.co.uk generated a revenue of US$5,220.5 million in 2023, which means it is the leading online store in this market. The Electronics ranking of the United Kingdom is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.
eCommerce net sales generated in the Electronics market in the UK in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
Payment Methods
Top 5 offered payment methods in the UK Electronics market
With 97.6% VISA the most commonly offered payment method of all online stores in the UK Electronics eCommerce market in 2023. Like VISA Mastercard with a share of 97.6% and American Express with a share of 53.0% the payment type Cards is the most common used by online retailers in in the UK Electronics eCommerce market in 2023. Other commonly used payment methods in that market are PayPal (E-wallets) with 82.7% and Bank transfer/cash in advance (Bank transfer) with 23.8% of stores offering that payment method to the clients.
Top 5 offered payment methods in the UK Electronics market
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Shipping Service Provider
Top 5 offered shipping providers in the UK Electronics market
Despite Royal Mail's dominant position with 53.2% of online stores opting for its services, the UK Electronics eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including DPD, DHL, UPS (United Parcel Service), and FedEx, hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the UK Electronics market
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Market definition
Definition of the Electronics market
Market definition: Electronics The category Electronics covers the sale of consumer electronics (e.g. computers, smartphones, TVs, headphones, game consoles) and appliances (e.g. refrigerators, washing machines, vacuum cleaners, coffee machines, hair dryers, electric toothbrushes) via digital channels. Online stores dedicated to the sale of mobile contracts and tariffs, set-up and installation services or software are not considered. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Consumer Electronics (e.g. computers, smartphones, TVs, headphones, game consoles)
- Appliances (e.g. refrigerators, washing machines, vacuum cleaners, coffee machines, hair dryers, electric toothbrushes)
Out-of-scope
- Mobile contracts and tariffs
- Set-up and installation services
- Software
- Car electronics (e.g. navigation systems, car entertainment systems, dashcams)
- Power tools
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