Electronics market in Cyprus
The Cypriot Electronics eCommerce market is predicted to reach US$114.3 million by 2024 and accounts for 20.8% of the total eCommerce market in Cyprus. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -1.5%, resulting in a projected market volume of US$107.8 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Headphones market in Cyprus
The Cypriot Headphones eCommerce market is predicted to reach US$2.5 million by 2024 and accounts for 42.9% of the Audio eCommerce market in Cyprus. 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 2.0%, resulting in a projected market volume of US$2.7 million by 2028. The Headphones eCommerce market is a sub-market of the Audio market. Further categories within the Audio market are: Hifi Equipment, Loudspeakers, and Other Audio.
eCommerce revenue development in the Headphones market in Cyprus
eCommerce revenue growth in the Headphones market in Cyprus
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 10.8 | 15.6 | 37.6 | 23.0 | 66.5 | 93.9 | 85.8 | 37.3 |
Market definition
Definition of the Headphones market within the Electronics market
Market definition: Electronics > Consumer Electronics > Audio > Headphones The category Headphones includes the online trade of over-ear headphones, on-ear headphones, in-ear headphones (earbuds), and more. This category does not cover loudspeakers and hearing protection. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Over-ear headphones
- On-ear headphones
- In-ear headphones (earbuds)
- Wireless bluetooth headphones
- Noise-canceling headphones
- Gaming headsets
- Studio and professional headphones
Out-of-scope
- Loudspeakers
- Hearing protection
Market comparison
The Cypriot Headphones market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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