eCommerce: Market Revenue Growth
Electronics eCommerce Revenue Growth in India
How has the eCommerce revenue growth in the Indian Electronics market evolved over the years? Explore the data from 2018 to 2026 for insights.
Article by Patrick Nowak | June 19, 2024Download
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Electronics eCommerce Revenue Growth in India
What Was the Trend in eCommerce Revenue for the Indian Electronics Market from 2018 to 2026?
The eCommerce revenue growth in the Indian Electronics market has shown a remarkable trajectory from 2018 to the projected figures for 2026. Commencing with a steady growth rate of 11.2% in 2018 and a slightly higher 17.6% in 2019, the sector experienced a substantial surge in 2020, reaching an impressive growth rate of 65.1%. This momentum continued into 2021 with a growth rate of 30.0% and a subsequent increase of 16.2% in 2022. However, 2023 saw a slight dip with a growth rate of 17.2%, indicating a temporary contraction in the market. Looking ahead, the forecasted figures suggest a rebound in the coming years, with growth rates of 16.5% in 2024, 15.3% in 2025, and 14.5% in 2026. These fluctuations highlight the dynamic nature of the eCommerce market in the Indian Electronics sector, showcasing both rapid growth and temporary setbacks.
Main Facts: eCommerce Revenue Growth in India's Electronics Market, 2018-2026
- Significant Surge in Growth from 2020-2022: The Indian Electronics eCommerce market experienced a remarkable increase, reaching its peak at 65.1% in 2020, followed by 30.0% in 2021, and 16.2% in 2022.
- Temporary Downturn in 2023: There was a slight decline in revenue growth by -17.2% in 2023, suggesting potential market adjustments or challenges faced by the industry.
- Steady Recovery Post-2023: The Indian Electronics eCommerce market is projected to recover post-2023 with consistent growth rates of 16.5% in 2024, 15.3% in 2025, and 14.5% in 2026.
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